DAILY MARKET REVIEW

Tuesday, August 4, 2020

TODAY'S MARKET COMMENTARY

DSEX, the capital bourse of the country sustained the rally for straight eight consecutive sessions and went up by 27.29 points or 0.64 percent and settled 4299.11 points at the end of the trading session. The index
shown shaky in the early part of the session displaying slight correction but diverted its direction soon after some profit booking period as investors continued buying fresh stocks in the undervalued stocks. The market
has remained cheerful as the Bangladesh Bank declaring an expansionary monetary policy to revive the country’s economy from pandemic fallout. Moreover, investors expected that the banks and financial
institutions would invest in the capital market to get higher profits. Insurance and pharmaceutical companies continued to be the key focus of the investors’ attention. However, investors’ attention were mostly
concentrated on Pharmaceuticals & Chemicals (20.40%), General Insurance (17.95%) and Engineering (9.80%) sectors. PIONEERINS topped the scrip-wise turnover board and contributed 3.55% of the total. All the
sectors exhibited mixed performance today. Among all the sectors Financial Institutions (4.6%), General Insurance (3.1%) and Cement (3.1%) sectors showed highest price appreciation while Life Insurance (-1.1%), IT (-
1.1%) and Paper & Printing (-1.1%) sectors showed highest price correction in today’s session. Out of 354 issues traded, 147 issues advanced, 116 issues declined and 91 issues remain unchanged.
The port city's bourse, Chittagong Stock Exchange also registered upward trend at the end of the session. The selected index, CSCX and CASPI increased by 37.2 and 64.4 points respectively.

DAY'S SECTOR MOVEMENT DSE MARKET SUMMARY

Sector Return Turnover (mn) % Turnover M.Cap (mn) % of M.Cap P/E (x) P/NAV (x) Today Yday Change %
Bank 1.2% 449.0 6.6% 468,447 16.9% 7.2 0.6 DSEX 4,299 4,272 27.29 0.64%
Cement 3.1% 199.1 2.9% 75,567 2.7% 28.0 1.9 DS30 1,455 1,443 12.10 0.84%
Ceramics 1.0% 72.2 1.1% 20,108 0.7% 151.0 1.4 DSES 1,000 993 6.57 0.66%
Engineering 0.3% 663.1 9.8% 138,195 5.0% 16.9 0.9 Market Cap (BDT bn) 3,312 3,288 24.45 0.74%
Financial Institutions 4.6% 275.2 4.1% 136,946 4.9% 26.5 2.9 Turnover (BDT mn) 6,767 6,724 43.0 0.6%
Food & Allied 0.0% 320.6 4.7% 214,587 7.7% 14.8 5.1 Volume (mn) 251 241 9.9 4%
Fuel & Power 1.5% 456.0 6.7% 391,366 14.1% 11.7 1.2 Market Forward P/E 12.57 12.46
General Insurance 3.1% 1,214.6 18.0% 62,698 2.3% 16.0 1.3
IT -1.1% 276.2 4.1% 22,383 0.8% 19.0 1.9 SCRIP WISE PERFORMANCE
Jute -0.4% 14.8 0.2% 1,811 0.1% 46.0 7.5 No of Issues Advanced No of Issues Declined Issues Unchanged
Life Insurance -1.1% 118.9 1.8% 56,415 2.0% 306.1 n/a 147 116 91
Miscellaneous 0.7% 257.7 3.8% 96,230 3.5% 20.4 1.0
Mutual Fund 0.3% 69.9 1.0% 29,914 1.1% 9.8 0.6 RECENT MARKET MOVEMENT
Paper & Printing -1.1% 34.5 0.5% 14,992 0.5% 53.5 1.1 5100 Turnover in BDT (mn) DSEX Index 30000
4800 25000
Pharma. & Chemicals 0.7% 1,380.1 20.4% 511,574 18.4% 15.5 2.2 4500 20000
4200 15000
Services & Real Estate -0.8% 43.8 0.6% 14,375 0.5% 12.7 0.7 3900
3600 10000
Tannery 0.1% 76.7 1.1% 18,028 0.7% 74.8 1.7 3300 5000
Telecommunication -0.1% 255.3 3.8% 372,954 13.5% 10.1 6.5 3000 0

Apr-20
Apr-20
Apr-20

Jul-20
Jul-20
Jul-20
Jan-20
Jan-20
Jan-20
Jan-20

Mar-20
Mar-20
Mar-20
Mar-20

Jun-20
Jun-20
Jun-20
May-20
May-20
May-20
Feb-20
Feb-20
Textile -0.5% 554.5 8.2% 101,299 3.7% 15.6 0.7
Travel & Leisure 0.0% 34.1 0.5% 24,877 0.9% 27.2 0.7

SECTOR RETURN TURNOVER DISTRIBUTION EARNINGS (EPS) UPDATE (BDT)

Name This Yr. Last Yr. Growth Period
Fin Inst 4.6% Pharma 20.40%
Gen Ins 3.1% Gen Ins 17.95% CONFIDCEM 7.90 4.15 90.4% Jul-Mar'20
Cement 3.1% Engineering 9.80% ASIAPACINS 1.51 1.28 18.0% Jan-Jun'20
Fuel & Power 1.5% Textile 8.20% BRACBANK 0.95 2.02 -53.0% Jan-Jun'20
Bank 1.2% Fuel & Power 6.74%
Ceramic 1.0% Bank 6.64%
Pharma 0.7% Food 4.74% DSE NEWS IN BRIEF
Misc 0.7% IT 4.08% REMITTANCES DECLINE BY DUE TO PANDEMIC: Under the worst-case scenario of Covid-19 pandemic
Mutual Fund 0.3% Fin Inst 4.07%
Engineering 0.3% impact, Bangladesh’s remittances could fall by 27.8% in 2020, as job losses mounted and employers
Misc 3.81%
Tannery 0.1% Telecom 3.77% trimmed payrolls, says Asian Development Bank (ADB). During the global financial crisis in 2009, which
Food 0.0% Cement 2.94% resulted in a 2.7% decline in overall remittance inflows to Asia and the Pacific, Bangladesh’s
Travel 0.0% Life Ins 1.76% remittances received by households declined on average by 19.3%.
Telecom -0.1% Tannery 1.13%
Jute -0.4% Ceramic 1.07% TODAY'S WORLD STOCK INDICES
Textile -0.5% Mutual Fund 1.03%
Services -0.8% Services 0.65% Indices Country Today Yday Change % Change
Paper -1.1% Paper 0.51% DJIA USA 26,664 26,428 236.1 0.89%
IT -1.1% Travel 0.50% FTSE 100 UK 6,033 6,033 -0.1 0.00%
Life Ins -1.1% Jute 0.22%
SENSEX India 37,680 36,940 740.8 2.01%
-3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 0.0% 15.0% 30.0% 45.0%
Nikkei 225 Japan 22,574 22,195 378.3 1.70%

TOP 15 GAINERS TOP 15 LOSERS TOP 10 TURNOVER* (BDT mn)

FASFIN
Ticker Price Change** 10.00%
Forward P/E Ticker SIMTEX -5.00% Price Change** Forward P/E TICKER Turnover % Turnover Price %∆ in Price
ZEALBANGLA 10.00% COPPERTECH -4.93%
PIONEERINS 9.97% PRIMETEX -4.90% PIONEERINS 240.3 3.55% 62.9 9.97%
SHYAMPSUG 9.89% PROGRESLIF -4.73%
RUPALIBANK 9.84% SQURPHARMA 212.3 3.14% 186.5 -0.27%
DSSL -4.63%
MEGCONMILK 9.84% GQBALLPEN -4.57% BXPHARMA 211.9 3.13% 85.5 -0.23%
MEGHNAPET 9.80% ALIF -4.29%
SILCOPHL 9.76% DACCADYE -4.26%
LHBL 169.3 2.50% 38.0 5.26%
ACTIVEFINE 9.74% SANDHANINS -4.10% GP 161.5 2.39% 263.5 0.00%
USMANIAGL 9.65% KTL -3.88%
PEOPLESINS 9.61% HRTEX -3.79% IBP 121.1 1.79% 21.9 2.82%
INTECH 8.84% BDTHAI -3.77% ACTIVEFINE 103.1 1.52% 16.9 9.74%
AL-HAJTEX 8.47% FINEFOODS -3.53%
IPDC 8.24% POPULARLIF -3.51% KPCL 101.0 1.49% 49.3 -0.20%
BNICL 8.07% SAIFPOWER -3.42% EASTERNINS 98.2 1.45% 84.6 7.77%
0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% -7.0% -6.0% -5.0% -4.0% -3.0% -2.0% -1.0% 0.0%
SILCOPHL 95.2 1.41% 27.0 9.76%

EXCHANGE RATES TOP MKT CAP (BDT) CSE MARKET UPDATES

USD EURO RUPEE GBP Ticker Price M. Cap (mn) % M.Cap Today Yday Change %
84.80 99.77 1.17 110.89 GP 263.5 355,804 12.83% CSCX 7,385 7,348 37.2 0.5%
BATBC 907.6 163,368 5.89% CASPI 12,187 12,122 64.4 0.5%
UPCOMING DIVIDENDS/ RIGHTS OFFERINGS SQURPHARMA 186.5 157,451 5.68% CSI 874 869 4.8 0.6%
Ticker Record Date AGM Date Declaration UPGDCL 233.7 123,159 4.44% Market Cap (BDT bn) 2,618 2,599 19.1 0.7%
ASIAINS 09-Aug-20 20-Sep-20 10%C RENATA 1112 98,511 3.55% Turnover (BDT mn) 170 138 32 23%
NBL 09-Aug-20 12-Oct-20 5%C & 5%B BERGERPBL 1327.6 61,571 2.22% Volume ('000) 8,777 7,120 1,658 23%
Source: DSE, http://www.dsebd.org; http://www.bloomberg.com; EBLSL Research Team Website: www.eblsecurities.com
*Turnover includes block trade; **Changes/ return has calculated based on the dividend adjusted price on record date: PE excludes stocks with negetive earnings e-mail: research@eblsecurities.com

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