Stocks keep gaining on large-cap issues
Stocks extended the gaining streak for the third straight session on Sunday as bargain hunters continued to show their buying interest on sector specific large-cap issues. DSEX, the prime index of the Dhaka Stock Exchange, went up by 14.31 points or 0.31 per cent to settle at 4,528. The core index added more than 120 points in the past three straight sessions. Market analysts said lucrative price level of selective large-cap stocks attracted bargain hunters, taking the market in the green zone further. Price of five large-cap stocks – British American Tobacco Bangladesh Company, Renata, Olympic Industries, Marico and Delta Life Insurance- surged to help the index nudge higher. The five companies added more than 16 points in DSEX while BATBC alone contributed 9.70 points, according to data of amarstock.com. The market stabilising moves came following 12 months of drastic fall in the share prices that caused the DSEX to dip to a 56-month low on January 14. The DS30 index, comprising blue chips, also gained 2.43 points to finish at 1,545. However, the DSE Shariah Index saw a fractional loss of 0.26 point to close at 1,035. Turnover, another important indicator of the market, stood at Tk 4.74 billion, which was 7.78 per cent lower than the previous day’s transaction of Tk 5.14 billion. Food & allied sector booked the highest gain of 3.59 per cent, followed by engineering with 0.46 per cent, pharmaceuticals 0.37 per cent and banking 0.18 per cent. On the other hand, non-bank financial institutions witnessed the highest loss of 1.88 per cent, followed by telecommunication with 1.67 per cent and power 0.35 per cent. Losers, however, took a slight lead over the gainer, as out of 356 issues traded, 158 closed lower, 150 ended higher and 48 issues remained unchanged on the DSE trading floor. A total number of 145,396 trades were executed in the day’s trading session with trading volume of 173.56 million securities.
Source: https://today.thefinancialexpress.com.bd/stock-corporate/stocks-keep-gaining-on-large-cap-issues-1580059576
Ten most-traded cos snare 29 per cent transaction
Ten most traded companies accounted for more than 29 per cent transactions on Dhaka Stock Exchange on Sunday. LafargeHolcim Bangladesh Ltd dominated the turnover chart for the three consecutive sessions. Market insiders said investors continued to show their interest on the cement maker’s shares after the amalgamation news of its subsidiary. Recently, the Supreme Court has approved the amalgamation of its subsidiary Holcim Cement (Bangladesh) with its parent company LafargeHolcim. According to data available with the DSE, some 7.83 million shares of LafargeHolcim were traded, generating a turnover of 352 million, which was 7.42 per cent of the day’s total turnover of Tk 4.74 billion. The multinational cement manufacturer’s share closed at Tk 44.60, shedding 0.45 per cent, after soaring 15.76 per cent in the previous week. The company’s share traded between Tk 30.70 and Tk 46.50 in the last one year. The company’s consolidated earnings per share (EPS) in nine months for January-September, 2019 was Tk 1.01 as against Tk 0.42 for January-September, 2018. The LafargeHolcim, which was listed on the DSE in 2003, disbursed 10 per cent cash dividend for the year ended on December 31, 2018. Khulna Power notched the fifth spot, with shares worth Tk 113 million changing hands. The company’s share closed at Tk 52.20 each, losing 2.61 per cent. The turnover of National Tubes was Tk 111 million. The company’s share price shed 1.88 per cent to close at Tk 130.40. Paramount Textile featured a turnover of Tk 108 million. The company’s share closed at Tk 63.20, advancing 0.48 per cent over the previous day. The turnover of Bangladesh Submarine Cable Company was Tk 102 million. The state-run company’s share price fell 1.23 per cent to close at Tk 104 each.
Source: https://today.thefinancialexpress.com.bd/stock-corporate/ten-most-traded-cos-snare-29-per-cent-transaction-1580059641
Mujib Borsho Cup Golf Tournament -2020 by Dhaka bank
Winners of the Mujib Borsho Cup Golf Tournament -2020 posing with guests at the prize giving ceremony in city’s Army Golf Club on Sunday. Dhaka Bank Limited sponsored the tournament marking the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman.
Source: https://today.thefinancialexpress.com.bd/sports/winners-of-the-mujib-borsho-cup-golf-tournament-2020-1580059254
MTB Dhaka Town Hall 2020 held
Mutual Trust Bank Ltd. (MTB) held its Dhaka Town Hall 2020 recently at a local venue in Dhaka. “Powering Future”, the theme for 2020, was unveiled at the conference. The MTB Chairman, Md. Hedayetullah appreciated the hard work put in by all MTBians for significant progress in the year 2019 in terms of the growing network, infrastructure, products and services. Syed Mahbubur Rahman, MTB Managing Director & CEO thanked all MTBians for taking the leap in becoming one of the best governed and highly equipped banks in the country.
Source: https://today.thefinancialexpress.com.bd/stock-corporate/mtb-dhaka-town-hall-2020-held-1580059781
Annual Business Conference 2020 of UCB
Land Minister Saifuzzaman Chowdhury addressing the Annual Business Conference 2020 of United Commercial Bank Limited (UCB) at a city hotel on Sunday while directors, Managing Director Mohammed Shawkat Jamil and senior executives were present.
Source: https://today.thefinancialexpress.com.bd/trade-market/saifuzzaman-chowdhury-addressing-annual-business-conference-2020-of-ucb-1580060687
Local and Global Stock Indices *
Index Name | Close Value | Value Change | Percentage Change |
---|
DSEX | 4,528.20492 | ↑ 14.31 | ↑ 0.32 % |
DJIA | 28,989.73 | ↓ 170.36 | ↓ 0.58 % |
FTSE100 | 7,585.98 | ↑ 78.31 | ↑ 1.04 % |
Nikkei 225 | 23,406.25 | ↓ 420.93 | ↓ 1.77 % |
World Commodities *
Commodity | Close Value | Value Change | Percentage Change |
---|
Crude Oil (WTI) | $ 52.95 | ↓ 1.24 | ↓ 2.29 % |
Crude Oil (Brent) | $ 59.41 | ↓ 1.28 | ↓ 2.11 % |
Gold Spot | $ 1,579.71 | ↑ 8.18 | ↑ 0.52 % |
Major Currencies Exchange Rates Movement in Last Seven Days *
Exchange Rates |
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USD 1 | BDT 83.2570 |
GBP 1 | BDT 108.778 |
EUR 1 | BDT 91.7721 |
INR 1 | BDT 1.16659 |
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<