Business Supplement Issue-27

6
Sunday, August 27, 2017
DT
Stocks
W E E K L Y M a r k e t O v e r v i e w
SUMMARY Points Change (%) Turnover (BDTmn) Volume (mn) Advanced issues Declined issues Unchanged Issues
DSEX
5,885.4 DSEX 5,885.4 0.41% 41,643 1,154 176 140 17
(+) 0.41%
CSE ASI 18,260.6 0.33% 2,271 84 138 120 27
Stocks rebound as selling pressure eases
• Tribune Business Desk
Most Traded Price Weekly change
BBS Cables 134.0 2.5%
BBS 53.5 10.8%
LankaBangla 58.3 6.8%
Fortune Shoes 55.2 1.1%
ACI 553.0 8.0%
RSRM Steel 84.1 10.1%
Keya Cosmetics 15.1 -6.8%
IFAD Autos 158.8 -1.5%
C&A Textiles 13.4 2.3%
IDLC 82.1 5.1%
Dhaka Tribune has accumulated the stock market related data primarily from Dhaka Stock Exchange website. The basis of information collected was primarily from daily stock quotations and audited/unaudited
reports of publicly listed companies. High level of caution has been taken to collect and present the above information and data. The publisher will not take any responsibility if any body uses this information and
data for his/her investment decision. For any query please email to news@dhakatribune.com.
Global stocks heading for best weeks
• Reuters, London
World stocks climbed toward
their best week on Friday, as a
near three-year high in emerging
market shares and a roaring rally
in metals bolstered the year’s
global bull run.
Moves were mainly small
ahead of speeches later by Federal
Reserve and European Central
Bank heads Janet Yellen and Mario
Draghi at one of the highlights of
central banking calendar, the Jackson
Hole, Wyoming, symposium,
but there was some traction.
Stock market took a breather last
week as selling pressure seen easing
up ahead of Eid festival.
Many investors are considering
the recent sell-off as an opportunity
to take position in fundamental
stocks, echoed traders at
several stock brokerage firms.
The benchmark index, DSEX
closed at 5,885.4 points on Thursday
with a weekly gain of 24.3
points or 0.41% over the week
while CSE ASI declined 60.9 points
or 0.33% to end at 18,260.6 points.
Participation in the Dhaka
Stock Exchange remained stable
during the week with an average
daily turnover of Tk833cr against
previous week’s Tk815cr.
Three sector, namely Engineering
(22%), Banking (15%)
and Pharmaceuticals (14%) have
contributed half of the total turnover
this week, showed the weekly
market report of UCB Capital
Management Ltd.
The blue-chip index DS30 advanced
2.3 points or 0.1% to end
at 2,111.3 points, while DSE Shariah
based index gained 1.4 points
or 0.1% to close at 1,305.6 points.
Among the traded issues 176
gained, 140 declined and 17 remained
unchanged during the
week. Monno Ceramic Ltd secured
the highest weekly gain
of 41.9% while GQ Ball Pen Ltd
turned out the worst loser with its
price declining by 7.9%.
BBS Cables Limited secured
leadership position on the weekly
top turnover chart for the second
week in a row with a turnover of
MOVEMENT OF DSEX INDEX LAST WEEK
5,900
5,880
5,860
5,840
5,820
5,800
5,780
European shares overcame
an early wobble after reassuring
business confidence data from
Germany and as the week’s 3 and
7% rises in metals copper and
nickel gave the region’s miners a
4% weekly gain.
London’s FTSE, which has a
heavyweight mining contingent,
led the way with a 0.4% rise on the
day and 1.5% for the week. It was
also being boosted by the fourth
straight weekly drop in the Brexit-bruised
pound, which helps internationally-earned
profits.
Fast charging emerging markets
helped Asia secure a 1.6%
weekly rise, while Wall Street
looked set to open higher despite
a rumbling row for Donald Trump
as the United States approaches
its self-imposed government debt
limit.
“Our current assessment of
the overall risk and reward picture
keeps us overweight global
equities in our tactical asset allocation,”
UBS Wealth Management
chief investment officer, Mark
Haefele, said in a monthly note.
“Earnings and economic
growth are strong enough, and
Dhaka Tribune
Tk244cr over the week with its
share price advancing 2.5% by the
end of week.
The Dhaka Stock Exchange currently
has a market capitalisation
of BDT 397,042cr with the benchmark
index, DSEX up by 16.9%
since beginning of this year. •
DAY 0 DAY 1 DAY 2 DAY 3 DAY 4 DAY 5
central bank policy is still sufficiently
loose to suggest that, in
the absence of a shock, markets
are likely to trend higher over the
next six months.”
Emerging markets have been a
strong driver of the global stocks
rise this year.
MSCI’s 24-country EM index hit
a near three year high on Friday.
Asia-Pacific shares ended the week
1.6% higher, having shrugged off
the overnight dip on Wall Street
as a rift between Trump and Congress
over the country’s debt level
rumbled on. •
DSE NEWS
APEXTANRY: The Board of Directors
has recommended 40% cash
dividend for the year ended on June
30, 2017. Date of AGM: 25.09.2017,
Time: 10:00 AM, Venue: Bangladesh
Shooting Sports Federation, Gulshan-1,
Dhaka-1212. Record date: 10.09.2017.
The Company has also reported EPS
without fair valuation surplus of Tk.
2.95, NAV per share of Tk. 73.56 and
NOCFPS of Tk. 2.50 for the year ended
on June 30, 2017 as against Tk. 6.00,
Tk. 74.38 and Tk. 3.08 respectively for
the same period of the previous year.
FAREASTLIF: The Board of Directors
has recommended 15% cash and 20%
stock dividend for the year ended on
December 31, 2016. Date of AGM:
22.10.2017, Time: 10:30 AM, Venue:
Fareast Tower, 35 Topkhana Road, Dhaka-1000.
Record Date: 21.09.2017.
BSCCL: The Board of Directors has
recommended 12% cash dividend for
the year ended on June 30, 2017. Date of
AGM: 07.10.2017, Time: 11:00 AM, Venue:
SMW-5 Submarine Cable Landing Station,
Alipur, Kuakata, Patuakhali. Record Date:
20.09.2017. The Company has also
reported EPS of Tk. 1.93, NAV per share of
Tk. 36.44 and NOCFPS of Tk. 1.20 for the
year ended on June 30, 2017 as against
Tk. 1.00, Tk. 33.95 and Tk. 1.76 respectively
for the same period of the previous year.
RELIANCE1: The Trustee Board of the
fund has declared 10% cash dividend
based on Net Income for the year
ended on June 30, 2017 and considering
previous Retained Earnings. Record
date: 18.09.2017. The Fund has also
reported EPU of Tk. 0.92, NAV per unit
at market price of Tk. 14.07, NAV per
unit at cost of Tk. 11.55 and NOCFPU of
Tk. 0.89 for the year ended on June 30,
2017 as against Tk. 0.69, Tk. 12.06, Tk.
11.65 and Tk. 0.71 respectively for the
same period of the previous year.
ZAHEENSPIN: The Board of Directors
has recommended 15% stock dividend
for the year ended on June 30, 2017.
In line with the previous resolution adopted
in the EGM held on July 16, 2017,
the revised Rights offer would be for
98,552,700 ordinary shares of Tk. 10.00
each at an issue price of Tk. 10.00 each
per share totaling Tk. 985,527,000.00
offered on the basis of 1:1R i.e. 1 rights
share for 1 existing share held on the
record date for entitlement. Fund to
be raised through Rights issue will be
utilized for the following purposes: A)
Expansion of the Existing Project Tk.
766,027,000.00; B) Working Capital Tk.
150,000,000.00; C) Partial Repayment
of Term Loan Tk. 50,000,000.00;
D) Rights Issue Expenses (approx) Tk.
19,500,000.00. •