DSE turnover rises 46% led by pharma, insurance stocks

Turnover or the value of the shares traded on the Dhaka stock market rose by nearly 46 percent to Tk 1,814 crore on Sunday.

Also, all three indices on Dhaka Stock Exchange (DSE) ended the day higher. However, the share price of maximum companies declined on the day.

The key index, DSEX, gained 20 points or 0.30 percent to 6,535 riding on the movement of the pharma stocks, which accounted for one-fourth of the turnover on the day.

Among other indices, the shariah-based DSES rose by 6.11 points or 0.42 percent and the blue-chip DS-30 was up by 17.15 points or 0.73 percent.

Though the pharmaceuticals and chemicals sector was at the top of the turnover list, it was the general insurance sector that pulled the indices up. Nearly 93 percent of insurance companies’ shares gained on the day.

After a few days of a slump, Orion Pharma once again became the top-traded share with turnover worth Tk 220 crore.

Beximco Limited, which was the second most-traded stock, had a turnover of Tk 134 crore followed by JHRML, Orion Infusion, Eastern Housing, Genex Infosys, BD Com, Unique Hotel and Resorts, BSC and LafargeHolcim.

On the day, shares of the 371 companies were traded, of which 109 firms gained, 140 issues lost and 122 companies remained unchanged.

A total of 9 companies ended trading at or close to the day’s highs. Three of these belong to the Orion group. The share price of Orion Pharma rose 9.89 percent to Tk 127.7.

Apart from this, among another top six companies that touched the day’s high, Standard Ceramics gained 9.99 percent.

Some Tk 6.46 crore capitalized company posted a loss of Tk 2.20 per share in the first three quarters of the financial year ended last June.

Eastern Cables with a capital of Tk 26.40 crore posted a loss of Tk 2.13 per share for the third quarter and rose 9.98 percent. At the end of the day, the price stood at Tk 199.40.

Besides, the price of Aziz Pipe, a loss-making company with a capital of Tk 5.34 crore, rose by 9.54 percent, the price of Jute Spinners with a capital of Tk 1.70 crore, which jumped on the news of returning to production after 6 years, rose by 8.73 percent.

BIFC, which was drowned in loan scam, used to be traded around at Tk 2 even three years ago, that company has only released three years of financial reports. That’s why the price exceeded the face value. The share price of this company increased by 9.62 percent.

The prices of Sea Pearl, BDCom, BD Thai Food in the top 10 for price increase is also not very strong on financial based. Their dividend history is not that good either.

Meanwhile, the overall index CASPI of the Chittagong Stock Exchange (CSE) increased by 60 points to 19,200 and securities worth Tk 40 crore were traded on the day.