BIS Stock Market Analysis

Dhaka Stock Exchange (DSE) displayed a shining performance for the fourth consecutive week that ended Thursday, as its price indices continued to set new records. Energy issues dominated the week expecting a good news from the budget speech. However, the finance minister in his budget speech increased 61.50 per cent spending in the sector in an effort to confront head-on the twin power and gas crisis.  Buying binge was also witnessed in other major sectors — banks, leasing and cement — while telecommunications and pharmaceuticals sector closed negative in the past week.
During the week, the benchmark DSE General Index (DGEN) gained 57.03 points or 0.92 per cent to close at 6259.70 — its all time high. The broader All Shares Price Index (DSI) surged by 52.18 points or 1.02 per cent to 5159.57, while the DSE-20 blue chip index lost marginally 7.26 points or 0.21 per cent to 3427.56. Profit taking and fear of tax imposition on individual investors’ profits caused the market to fall in the first two sessions. But the market bounced back strongly in the last three sessions when fear of tax slapping on individual investors dispelled. Majority sectors posted gains during the week with fuel and power emerging highest gainer in the week.  AMA Muhith in his budget speech said, “The government would spend Tk 61.15 billion in new power generation, grid expansion, gas discoveries and development in the fiscal year 2010-11 to ease the crisis that have plagued the economy for years.” Banking sector — one fourth of the market capitalisation — gained 1.77 per cent and leasing or non-banking financial institutions rose 3.33 per cent.

BRACBANK

In response to a DSE query, the Bank has informed that there is no undisclosed price sensitive information of the Bank for recent unusual price hike. The Bank has also informed that that it has recently been awarded “The Sustainable Bank of the year 2010” at the FT Sustainable Banking Awards-2010. The award was jointly announced by Financial Times newspaper and International Finance Corporation (IFC) which was published in the daily newspaper earlier.

IPDC

In response to a DSE query, the Company has informed that there is no undisclosed price sensitive information of the Company for recent unusual price hike.

PUBALIBANK

Trading of the shares of the Bank will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle from 14.06.10 to 16.06.10. Trading of the shares of the Bank will remain suspended on record date i.e. 17.06.10 for EGM.

SOUTHEASTB

Trading of the shares of the Bank will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with the entitlement of Rights shares from 14.06.10 to 16.06.10. Trading of the shares of the Bank will remain suspended on record date i.e. 17.06.10.

CMCKAMAL

Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle with cum benefit from 14.06.10 to 23.06.10. Trading of the shares of the company will remain suspended on 24.06.10 as Book Closure will start from 25.06.10.

ALPHATOBA

Trading of the shares of the company will be allowed only in the Spot Market and Block/Odd lot transactions will also be settled as per Spot settlement cycle from 14.06.10 to 23.06.10. Trading of the shares of the company will remain suspended on 24.06.10 as Book Closure will start from 27.06.10.

ICB M. FUNDS

On the close of operation on 08.06.2010, the ICB Mutual Funds have reported Net Asset Value (NAV) for First ICB M.F. of Tk. 9,944.14, Second ICB M. F. of Tk. 3,137.74, Third ICB M. F. of Tk. 2,329.63, Fourth ICB M. F. of Tk. 2,450.81, Fifth ICB M.F. of Tk. 2,167.42, Sixth ICB M. F. of Tk. 791.46, Seventh ICB M. F. of Tk. 1,304.43 and Eighth ICB M.F. of Tk. 938.79 per unit on current market price basis against face value of Tk. 100.00 each. Whereas, on the basis of Cost Price, Net Asset Value (NAV) per unit of the said 8 ICB Mutual Funds were Tk. 1,060.62, Tk. 838.70, Tk. 548.96, Tk. 625.68, Tk. 447.94, Tk. 246.28, Tk. 361.25 and Tk. 281.37 respectively against face value of Tk. 100.00 each.

BDSERVICE

The company has further informed that the Book Closure Period will be from 30.06.10 to 29.07.10 instead of 04.07.10 to 01.08.10. Other information of the AGM as announced earlier.

PF1STMF

On the close of operation on June 08, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 10.44 per unit on the basis of current market price and Tk. 10.01 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 62,65,87,681.00 on the basis of market price and Tk. 60,08,35,235.67 on the basis of cost price after considering all assets and liabilities of the Fund.

PRIME1ICBA

On the close of operation on June 08, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 11.61 per unit on the basis of current market price and Tk. 11.12 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 116,08,60,635.59 on the basis of market price and Tk. 111,18,87,017.17 on the basis of cost price after considering all assets and liabilities of the Fund.

ICBEPMF1S1

On the close of operation on June 08, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 11.91 per unit on the basis of current market price and Tk. 11.14 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 89,33,09,286.50 on the basis of market price and Tk. 83,58,29,154.92 on the basis of cost price after considering all assets and liabilities of the Fund.

DBH1STMF

On the close of operation on June 10, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 11.88 per unit on the basis of current market price and Tk. 10.56 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 1,425,029,945.83 on the basis of market price and Tk. 1,266,658,233.40 on the basis of cost price after considering all assets and liabilities of the Fund.

1STPRIMFMF

On the close of operation on June 08, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 19.32 per unit at current market price basis and Tk. 13.64 per unit at cost price basis against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 38,63,20,983.77 on the basis of market price and Tk. 27,28,28,542.95 on the basis of cost price after considering all assets and liabilities of the Fund.

ICBISLAMIC

On the close of operation on June 08, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 328.69 per unit on the basis of current market price and Tk. 242.05 per unit on the basis of cost price against face value of Tk. 100.00 whereas total Net Assets of the Fund stood at Tk. 32,86,93,075.23 on the basis of market price and Tk. 24,20,45,238.26 on the basis of cost price after considering all assets and liabilities of the Fund.

ICB3RDNRB

On the close of operation on June 08, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 10.57 per unit on the basis of current market price and Tk. 10.27 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 105,69,11,248.37 on the basis of market price and Tk. 102,69,96,538.89 on the basis of cost price after considering all assets and liabilities of the Fund.

ICB2NDNRB

On the close of operation on June 08, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 204.16 per unit on the basis of current market price and Tk. 141.46 per unit on the basis of cost price against face value of Tk. 100.00 whereas total Net Assets of the Fund stood at Tk. 204,16,11,860.48 on the basis of market price and Tk. 141,45,72,151.19 on the basis of cost price after considering all assets and liabilities of the Fund.

ICB1STNRB

On the close of operation on June 08, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 431.12 per unit on the basis of current market price and Tk. 271.35 per unit on the basis of cost price against face value of Tk. 100.00 whereas total Net Assets of the Fund stood at Tk. 43,11,16,462.19 on the basis of market price and Tk. 27,13,53,776.88 on the basis of cost price after considering all assets and liabilities of the Fund.

ICBAMCL2ND

On the close of operation on June 08, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 136.47 per unit on the basis of current market price and Tk. 117.97 per unit on the basis of cost price against face value of Tk. 100.00 whereas total Net Assets of the Fund stood at Tk. 68,23,49,668.28 on the basis of market price and Tk. 58,98,74,956.68 on the basis of cost price after considering all assets and liabilities of the Fund.

ICBAMCL1ST

On the close of operation on June 08, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 607.32 per unit on the basis of current market price and Tk. 341.42 per unit on the basis of cost price against face value of Tk. 100.00 whereas total Net Assets of the Fund stood at Tk. 60,73,15,255.07 on the basis of market price and Tk. 34,14,23,036.64 on the basis of cost price after considering all assets and liabilities of the Fund.

GRAMEENS2

On the close of operation on June 10, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 18.84 per unit at current market price basis and Tk. 12.08 per unit at cost price basis against face value of Tk. 10.00 whereas Net Assets of the Fund stood at Tk. 2,354,947,543.00.

GRAMEEN1: On the close of operation on June 10, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 53.01 per unit at current market price basis and Tk. 24.39 per unit at cost price basis against face value of Tk. 10.00 whereas Net Assets of the Fund stood at Tk. 901,133,196.00.

AIMS1STMF: On the close of operation on June 10, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 5.65 per unit at current market price basis and Tk. 2.80 per unit at cost price basis against face value of Tk. 1.00 whereas Net Assets of the Fund stood at Tk. 949,159,956.00.

GP: The company has requested the concerned shareholders to collect their dividend warrants for the year 2009 from 12.06.10 to 17.06.10 from Humayun Court (1st Floor), 21, Motijheel C/A, Dhaka-1000 from 10:00 AM to 5:00 PM. The shareholders who maintain account with the following Banks, there entitled dividend amount have been credited directly to their respective Bank accounts as per CDBL record: 1. Citibank N.A, 2. Standard Chartered Bank, 3. The Hongkong And Shanghai Banking Corporation, 4. Commercial Bank of Ceylon PLC, 5. Dutch-Bangla Bank Ltd., 6. Eastern Bank Ltd., 7. The City Bank Ltd., 8. BRAC Bank Ltd., 9. Woori Bank and 10. Dhaka Bank Ltd. Dividend amount of NRB shareholders will be paid through issuance of Dividend Warrant.

TRUSTB1MF: On the close of operation on June 10, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 12.47 per unit on the basis of current market price and Tk. 10.30 per unit on the basis of cost price against face value of Tk. 10.00, whereas total Net Assets of the Fund stood at Tk. 2,493,750,058.82 on the basis of market price and Tk. 2,060,571,265.48 on the basis of cost price after considering all assets and liabilities of the Fund.

IFIC1STMF : On the close of operation on June 10, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 12.12 per unit on the basis of current market price and Tk. 10.34 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 1,453,888,497.45 on the basis of market price and Tk. 1,241,104,546.02 on the basis of cost price after considering all assets and liabilities of the Fund.

EBL1STMF: On the close of operation on June 10, 2010, the Fund has reported Net Asset Value (NAV) of Tk. 14.65 per unit at current market price basis and Tk. 11.69 per unit at cost price basis against face value of Tk. 10.00, whereas Net Assets of the Fund stood at Tk. 1,465,471,553.27 based on market price and Tk. 1,169,209,015.32 based on cost price after considering all assets and liabilities of the Fund.

JAMUNABANK: The Bank has informed that it has purchased a commercial space from M/s. Amin Mohammad Foundation measuring 148 sft. situated adjacent to the Shantinagar Branch of the Bank at 41 Chamelibagh, Dhaka @ Tk. 8,000.00 per sft. totaling Tk. 11,84,000.00 after taking prior permission of Bangladesh Bank in accordance with the approval of Board of Directors of the Bank.

BDSERVICE: The Board of Directors has recommended stock dividend @ 15% for the year 2009. Date of AGM: 01.08.10. Time: 6:00 PM, Venue: Dhaka Sheraton Hotel. Book closure: 04.07.10 to 01.08.10. The company has also reported earning per share (EPS) of Tk. 2.14, Net Asset Value (NAV) per share of Tk. 24.92 and Net Operating Cash Flow per share of Tk. 4.57 for the year ended on December 31, 2009.

NAVANACNG: The Board of Directors has recommended cash dividend @ 10% and stock dividend @ 20% for the year ended 31 March, 2010. Date of AGM: 22.07.10, Time: 9:30 AM, Venue: Bashundhara Convention Center, Baridhara, Dhaka. Record date: 22.06.10. The company has also reported EPS of Tk. 8.01, Net Asset Value per share of Tk. 25.29 and Net Operating Cash flow per Share of Tk. 10.82 for the year ended on 31.03.10.