Institutional investment grows in 5 listed cement companies
BI Report || BusinessInsider
Photo illustration: Business Insider Bangladesh
Month-on-month institutional investment increased in five of the seven cement companies listed on the stock exchange in October.
However, this type of investment decreased in two companies, according to Dhaka Stock Exchange (DSE) sources.
The five companies, with an increased institutional investment, are Aramit Cement, Confidence Cement, Heidelberg Cement, Meghna Cement and MI Cement.
Meanwhile, LafargeHolcim and Premier Cement saw their institutional investment decline during this period.
With a 2.08-percentage point growth, Aramit Cement had the highest rise in institutional investment. It was 14.58 percent in October, up from 12.5 percent in September. Institutional investors bought 7,04,704 shares of the company during the period.
Meghna Cement had the second highest growth in institutional investment in October. With a 0.55-percentage point growth, the company had 33.06 percent institutional investment till October 31. The company saw 1,50,080 of its shares bought in October. It had 32.51 percent institutional investment in September.
Institutional investment in Heidelberg Cement on September 30 was 27.94 percent. From there, it rose by 0.53 percentage points to 28.47 percent in October. Investors bought 2,99,469 shares of the company during the period.
Confidence Cement’s institutional investment rose by 0.23 percentage points to 13.90 percent in October. In October, institutional investors bought 1,79,939 shares of the company.
Institutional investment in MI Cement in the last working day of September was 17.41 percent. In October, it rose by 0.17 percentage points to 17.58 percent.
Investors bought 2,52,450 shares of the company during this period.
Meanwhile, the other two companies in the cement sector have the opposite picture.
Month-on-month institutional investment in LafargeHolcim fell by 2.19 percentage points in October and Premier Cement’s by 1.41 percentage points.