DAILY MARKET REVIEW

Monday, July 20, 2020

TODAY'S MARKET COMMENTARY

DSEX, the prime index at the Dhaka Stock Exchange witnessed positive trend and went up by 19.50 points or 0.48 percent and settled at 4,070.15 points at the end of the today’s trading session. The
core index remained upward throughout the session with some volatility at the begining as investors kept on taking fresh positions at lowest possible prices following current floor price system and
growing optimism from ongoing earnings declarations. Investors have regained their confidence as economy is showing slower state of recovery evoke from remittance hitting $1.36 billion in the first
two weeks of July after the downward trend and marginal improvement in banks' interest rate spread. However, investors’ attention were mostly concentrated on Bank (24.68%), General Insurance
(20.42%) and Pharmaceuticals & Chemicals (17.62%) sectors. ISLAMIBANK topped the scrip-wise turnover board and contributed 13.17% of the total. Most of the sectors exhibited price appreciation
today. Among all the sectors General Insurance (4.3%), Life Insurance (2.6%) and IT (1.3%) sectors showed highest price appreciation in today’s session while only Food & Allied (-0.2%) sector showed
price correction in today’s session. Out of 333 issues traded, 113 issues advanced, 17 issues declined and 203 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 37.5 and 62.3 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 0.0% 592.0 24.7% 458,386 17.5% 6.0 0.6 DSEX 4,070 4,051 19.50 0.48%
Cement 0.0% 0.8 0.0% 71,888 2.7% 22.1 1.8 DS30 1,365 1,357 8.04 0.59%
Ceramics 0.0% 3.2 0.1% 19,761 0.8% 27.0 1.3 DSES 944 939 5.06 0.54%
Engineering 0.3% 122.6 5.1% 132,995 5.1% 16.0 0.9 Market Cap (BDT bn) 3,163 3,151 11.66 0.37%
Financial Institutions 0.5% 42.9 1.8% 126,418 4.8% 21.0 2.5 Turnover (BDT mn) 2,405 2,344 60.3 2.6%
Food & Allied -0.2% 81.4 3.4% 208,969 8.0% 14.0 4.4 Volume (mn) 84 77 6.9 9%
Fuel & Power 0.4% 111.5 4.6% 367,736 14.1% 10.8 1.2 Market Forward P/E 10.80 10.77
General Insurance 4.3% 489.7 20.4% 51,781 2.0% 12.5 1.0
IT 1.3% 43.9 1.8% 19,922 0.8% 17.0 1.7 SCRIP WISE PERFORMANCE
Jute 0.3% 2.5 0.1% 1,756 0.1% 44.6 7.3 No of Issues Advanced No of Issues Declined Issues Unchanged
Life Insurance 2.6% 103.2 4.3% 52,522 2.0% n/a n/a 113 17 203
Miscellaneous 0.1% 85.1 3.5% 92,772 3.5% 19.7 1.0
Mutual Fund 0.2% 25.7 1.1% 28,103 1.1% n/a n/a RECENT MARKET MOVEMENT
Paper & Printing 0.1% 20.4 0.9% 10,685 0.4% 39.7 1.1 5100 Turnover in BDT (mn) DSEX Index 30000
4800 25000
Pharma. & Chemicals 0.7% 422.6 17.6% 473,571 18.1% 14.9 2.1 4500 20000
4200 15000
Services & Real Estate 0.1% 1.0 0.0% 13,139 0.5% 11.6 0.6 3900
3600 10000
Tannery 0.0% 0.3 0.0% 17,812 0.7% 49.8 1.6 3300 5000
Telecommunication 0.9% 170.6 7.1% 347,177 13.3% 9.4 6.0 3000 0

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Textile 0.1% 77.3 3.2% 95,596 3.7% 13.5 0.6
Travel & Leisure 0.0% 1.7 0.1% 24,225 0.9% 26.6 0.7

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

Name This Yr. Last Yr. Growth Period
Gen Ins 4.3% Bank 24.68%
Life Ins 2.6% Gen Ins 20.42% JAMUNABANK 2.07 1.68 23.2% Jan-Jun'20
IT 1.3% Pharma 17.62% UCB 0.76 1.01 -24.8% Jan-Jun'20
Telecom 0.9% Telecom 7.11% ISLAMIBANK 0.43 0.40 7.5% Jan-Mar'20
Pharma 0.7% Engineering 5.11%
Fin Inst 0.5% Fuel & Power 4.65%
Fuel & Power 0.4% Life Ins 4.30% DSE NEWS IN BRIEF
Engineering 0.3% Misc 3.55% JAMUNABANK: Company has further informed that the Board of Directors of Jamuna Bank Limited in
Jute 0.3% Food 3.39%
Mutual Fund 0.2% its 370th meeting held on July 19, 2020 decided to redeem the Bond ( BDT 2000 million) fully by
Textile 3.22%
Services 0.1% IT 1.83% exercising of its option for early redemption of the Bonds in full in accordance with condition
Misc 0.1% Fin Inst 1.79% stipulated in the 'Trust Deed' subject to the approval from the concerned Regulatory Authorities. The
Textile 0.1% Mutual Fund 1.07% date of early redemption is fixed on 28 July 2020 (the "Early Redemption Date").
Paper 0.1% Paper 0.85%
Cement 0.0% Ceramic 0.13% TODAY'S WORLD STOCK INDICES
Ceramics 0.0% Jute 0.11%
Tannery 0.0% Travel 0.07% Indices Country Today Yday Change % Change
Travel & Leisure 0.0% Services 0.04% DJIA USA 26,672 26,735 -62.8 -0.23%
Bank 0.0% Cement 0.03% FTSE 100 UK 6,279 6,290 -10.9 -0.17%
Food -0.2% Tannery 0.01%
SENSEX India 37,387 37,020 366.5 0.99%
-1.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 0.0% 15.0% 30.0%
Nikkei 225 Japan 22,717 22,696 21.1 0.09%

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

DHAKAINS
TickerUNITEDINS Price Change**9.89% Forward P/E Ticker UCB -4.26% Price Change** Forward P/E TICKER Turnover % Turnover Price %∆ in Price
9.80% MBL1STMF -2.99%
KARNAPHULI 9.18% DULAMIACOT -2.62% ISLAMIBANK 315.8 13.17% 20.3 0.50%
NORTHRNINS 9.18% BDWELDING -2.01%
PURABIGEN 8.90% EBL 160.2 6.68% 31.0 -0.32%
AMCL(PRAN) -1.82%
GLOBALINS 8.84% OLYMPIC -1.62% GP 124.1 5.17% 245.9 0.74%
DACCADYE 8.33% ADVENT -1.30%
SHYAMPSUG 8.30% IFIC -1.15% SQURPHARMA 97.6 4.07% 175.3 0.40%
EASTLAND 8.10% PRAGATILIF -1.13% BXPHARMA 74.6 3.11% 74.4 5.08%
FEDERALINS 8.04% MPETROLEUM -1.06%
NITOLINS 7.46% PADMAOIL -0.77% PIONEERINS 63.9 2.67% 35.8 6.87%
APOLOISPAT 7.14% PROGRESLIF -0.72% IBP 61.8 2.58% 21.3 3.90%
METROSPIN 7.06% LINDEBD -0.42%
PIONEERINS 6.87% EBL -0.32% NAHEEACP 56.9 2.37% 54.0 3.45%
PHENIXINS 6.84% ANWARGALV -0.29%
BEACONPHAR 56.0 2.34% 67.9 1.49%
0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% -6.0% -1.0%
SONARBAINS 46.6 1.94% 39.3 3.69%

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 96.93 1.17 106.59 GP 245.9 332,039 12.70% CSCX 7,017 6,979 37.5 0.5%
BATBC 907.6 163,368 6.25% CASPI 11,577 11,515 62.3 0.5%
UPCOMING DIVIDENDS/ RIGHTS OFFERINGS SQURPHARMA 175.3 147,995 5.66% CSI 837 832 4.6 0.5%
Ticker Record Date AGM Date Declaration UPGDCL 220.2 116,044 4.44% Market Cap (BDT bn) 2,497 2,484 12.1 0.5%
MTB 21-Jul-20 27-Aug-20 5%C & 5%B RENATA 1035 91,690 3.51% Turnover (BDT mn) 63 68 (5) -8%
ISLAMIBANK 21-Jul-20 20-Aug-20 10%C BERGERPBL 1308.6 60,690 2.32% Volume ('000) 2,131 3,174 (1,043) -33%
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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