Loading...

Cement issues see highest price correction this week

FE Report | Published: April 14, 2019 20:21:31 | Updated: April 16, 2019 12:19:57


The cement sector witnessed the highest price correction in last week amid continuous declining trend exhibited by most of the sectors.

The cement sector comprising seven companies declined 5.60 per cent on the Dhaka Stock Exchange (DSE) after five sessions of last week.

The other sectors which witnessed notable price correction are telecommunication, textile, general insurance, fuel & power and IT.

The market prices of all companies of the cement sector declined ranging between 0.24 per cent to 20.75 per cent in last week.

The sector featured a total turnover of above Tk 54.90 million, which was 1.60 per cent of the weekly turnover posted by the DSE.

After five sessions of last week, the share price of Aramit Cement declined 7.48 per cent or Tk 1.70 to close at Tk 21 each on Thursday. Of five sessions of last week, the share price of Aramit Cement the highest correction of 9.25 per cent or Tk 2.10 on Sunday to close at Tk 20.60 each.

In last week, the share price of Confidence Cement declined 2.72 per cent to close at Tk 164 each from Tk 168.60 each. The company's share price, however, rose 4.19 per cent or Tk 6.60 on Thursday, the last trading session.

Heidelberg Cement Bangladesh witnessed price correction in four sessions of last week. The company's share price declined 20.75 per cent or Tk 75.20 to close at Tk 287.20 each on Thursday. The company has recommended 75 per cent cash dividend for the year ended on December 31, 2018.

LafargeHolcim Bangladesh opened the week with a price of Tk 41.20 each. Later, the company's share price closed at Tk 41.10 each on Thursday with a marginal loss of 0.24 per cent or Tk 0.10.

Out of five sessions, the share price of Meghna Cement advanced in three sessions. Finally, the company closed the week with a loss of 1.91 per cent or Tk 1.70 to close at Tk 88.60 per share on Thursday.

The share price of MI Cement went down by 3.02 per cent to close at Tk 70.60 in last week. The company's share price, however, remained unchanged on Thursday.

The share price of Premier Cement Mills declined 6.37 per cent or Tk 4.90 to close at Tk 72.0 each on Thursday.

mufazzal.fe@gmail.com

Share if you like