Stocks keep gaining amid optimism
Stocks continued gaining momentum for the fifth straight session on Monday as investors kept their buying binge on sector-wise shares amid growing confidence in the market. DSEX, the prime index of the Dhaka Stock Exchange, went up by 33.98 points or 0.71 per cent to close at three months high at 4,768. The core index added nearly 383 points or 8.73 per cent in the past five consecutive sessions while DSE market-cap recovered Tk 214 billion within five days. Turnover, an important indicator of the market, stood at Tk 9.84 billion on the country’s premier bourse, climbing further by 6.55 per cent over previous day’s mark of Tk 9.16 billion. It was the biggest single-day transaction in more than one-year since February 3, 2019, when the turnover totaled a record Tk 9.84 billion. The DS30 index, comprising blue chips, also advanced 6.68 points to finish at 1,599 and the DSE Shariah Index rose 7.95 points to close at 1,083. The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)-gaining 93 points to close at 14,530 and the Selective Categories Index – CSCX -rising 58 points to finish at 8,816.
SSF gets two units of Goldwing motorcycles
Bangladesh Honda Private Limited handed over on Monday two units of its flagship “GL1800 Goldwing” motorcycles to the Special Security Force (SSF). Managing Director and Chief Executive Officer of Bangladesh Honda Private Limited Himihiko Katsuki handed over the keys of the two 1800CC motorcycles to SSF Director General Major General Md Majibur Rahman at a function at the Prime Minister’s Office (PMO). Bangladesh Honda Private Limited, Honda’s joint venture with Bangladesh Steel and Engineering Corporation (BSEC), is expanding its motorcycle business in Bangladesh. Honda, along with its partner BSEC under the Ministry of Industries, has invested a total of Tk 3.6 billion in buildings, facilities, equipment, and a land area of 25 acres for its new factory at Abdul Monem Economic Zone in Munshiganj district.
Mobile tower radiation level not harmful for health, environment: BTRC
The level of radiation emitted by mobile phone towers is not harmful for human health risks and the environment. Rumours about the level of radiation are obstructing the expansion and development of the telecom industry. Radiation is inevitable in modern life. So many electronic and electric gadgets and equipments used in everyday life emit radiation and most of them are not harmful. It is better people become aware of this. The Bangladesh Telecommunication Regulatory Commission (BTRC) and Association of Mobile Telecom Operators of Bangladesh (AMTOB) jointly organised the discussion. Speaking at the meeting, BTRC Commissioner Md Aminul Hasan said there have been surveys in all divisions conducted by the BTRC to measure and examine the level of radiation emitted by mobile phone towers and they did not find anything harmful for human health and the environment. He said the standard permissible amount of radiation exposure from mobile network tower is below the level of international standards and BTRC guidelines.
Adidas’ latest campaign shot in S Arabia
In celebration of the 50th anniversary of its iconic superstar sneakers, Adidas Originals decided to shoot its latest “Change is a Team Sport” campaign in Saudi Arabia. Featuring four talented women hailing from the Kingdom, the campaign images were photographed against the striking backdrop of the AlUla heritage site. For the campaign, the athletic giant tapped designer Alaa Balkhy, rapper Aseel Saraj, fashion blogger Jory Al Maiman and skateboarder and actress Sarah Taibah to showcase the sportswear brand’s iconic sneakers. It is the first time a major brand has shot a campaign at the UNESCO heritage site.
Square Pharma to set up subsidiary worth Tk 3.50b
Square Pharmaceuticals Ltd on Monday decided to establish a wholly-owned subsidiary company named – Square Lifesciences Ltd- to manufacture pharmaceuticals oral solid dosage products. Initial estimated total project cost will be Tk 3.50 billion to be financed by internally generated funds by the Square Pharmaceuticals and sponsors of Square Lifesciences Ltd. The company is expected that the project would be completed by June 2023. Each share of the company, which was listed on the Dhaka bourse in 1995, closed at Tk 206.10 on Monday, gaining 1.07 per cent over the previous day. Its share traded between Tk 161 and Tk 277.30 in the last one year. Square Pharma, the top local pharmaceutical company disbursed 42 per cent cash and 7.0 per cent stock dividend for the year ended on June 30, 2019. The company’s consolidated earnings per share stood at Tk 8.16 for July-December 2019 as against Tk 7.46 for July-December 2018. The consolidated net operating cash flow per share (NOCFPS) was Tk 5.88 for July-December 2019 as against Tk 6.83 for July-December 2018. The consolidated net asset value (NAV) per share was Tk 84.12 as on December 31, 2019 and Tk 80.40 as on June 30, 2019.
Local and Global Stock Indices *
|Index Name||Close Value||Value Change||Percentage Change|
|DSEX||4,768.13686||↑ 33.98||↑ 0.72 %|
|↓ 25.23||↓0.09 %|
|FTSE100||7,433.25||↑ 24.12||↑ 0.33 %|
|Nikkei 225||23,188.68||↓ 334.56||↓ 1.42 %|
World Commodities *
|Commodity||Close Value||Value Change||Percentage Change|
|Crude Oil (WTI)||$ 51.68||↓ 0.37||↓ 0.71 %|
|Crude Oil (Brent)||$ 57.07||↓ 0.60||↓ 1.04 %|
|Gold Spot||$ 1,586.92||↑ 5.79||↑ 0.37 %|
Major Currencies Exchange Rates Movement in Last Seven Days *
|USD 1||BDT 83.2798|
|GBP 1||BDT 108.460|
|EUR 1||BDT 90.2499|
|INR 1||BDT 1.16601|
*CURRENCIES AND COMMODITIES ARE TAKEN FROM BLOOMBERG.<