Mutual funds see rally

Dhaka,  Fri,  18 August 2017
Published : 05 Aug 2017, 21:58:44
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Weekly review

Mutual funds see rally

FE Report

Listed mutual funds (MFs) displayed positive performance last week on Dhaka Stock Exchange (DSE) although the prices of units of most of the funds are still below their face value of Tk 10.

The sector comprising 35 MFs was the second highest gainer featuring 4.89 per cent rise in five sessions of last week.

Over the week, the prices of the units of MFs rose up to 10.56 per cent on the premier bourse DSE.

Of the funds, the price of units of First Janata Bank MF rose 7 per cent to close at Tk 7.80, AB Bank 1st MF 9.0 per cent to close at Tk 8.20, First Bangladesh Fixed Income Fund 5.71 per cent to close at Tk 7.40, Grameen One: Scheme Two 6.83 per cent to close at Tk 17.20, Popular Life First MF 7.14 per cent to close at Tk 7.50, Asian Tiger Sandhani Life Growth Fund 10.56 per cent to close at Tk 13.80 and Reliance One 7.07 per cent to close at Tk 12.10.

Of the MFs, Asian Tiger Sandhani Life Growth Fund was also in the weekly chart of top 10 gainers. The Trustee Committee of the fund has approved 15.50 per cent cash dividend for the year ended on June 30, 2017. The Fund has also reported earnings per unit (EPU) of Tk. 1.58, NAV per unit at market price of Tk. 14.02, NAV per unit at cost of Tk. 12.96 and net operating cash flow per unit (NOCFPU) of Tk. 1.63 for the year ended on June 30, 2017 as against Tk. 1.66, Tk. 12.99, Tk. 12.68 and Tk. 1.70 respectively for the same period of the previous year.

The MF sector displayed satisfactory performance on Thursday. On the day, the price of the units of most of the MFs rose on the premier bourse. Of 35 MFs, the price of 31 MFs rose up to 8.45 per cent and the sector featured a turnover of above Tk 523.88 million which was 4.86 per cent of total market turnover.

Of the funds, the price of the units of Prime Finance 1st MF 8.45 per cent, Asian Tiger Sandhani Life Growth Fund 5.34 per cent, AB Bank 1st MF 5.13 per cent, First Bangladesh Fixed Income Fund 4.23 per cent, EBL NRB MF 4.17 per cent, ICB AMCL Sonali Bank Limited 1st MF 4.35 per cent, Popular Life 1st MF 4.17 per cent and Trust Bank 1st MF 4.05 per cent on Thursday.

Only the price of Southeast Bank 1st MF and SEML IBBL Shariah Fund declined, while the price of two MFs remained unchanged on Thursday.

Of 35 MFs, the prices of the units of 25 MFs are still below face value Tk 10 per unit. The MFs whose prices are above face value are: SEML Lecture Equity Management Fund, Reliance One: the first scheme of Reliance Insurance MF, Grameen One: Scheme Two, Prime Finance First MF and ICB AMCL 2nd NRB MF.  

    mufazzal.fe@gmail.com
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