The Chittagong Stock Exchange (CSE) has revised its benchmark CSE50 Index, adding seven new companies and excluding seven existing ones based on the performance of CSE-listed firms.
According to a press release issued by the exchange on Wednesday, the revised index will take effect on 11 October. The CSE50 Index undergoes semi-annual reviews to reflect changes in the performance and market representation of listed companies.
The seven newly included companies are: BSRM Steels Limited, Berger Paints Bangladesh Ltd, Dhaka Bank PLC, Fine Foods Limited, Heidelberg Materials BD PLC, Taufika Foods & Lovello Ice-Cream PLC, and The Ibn Sina Pharmaceuticals Industry PLC.
On the other hand, seven entities have been excluded from the previous CSE50 composition: Al-Arafah Islami Bank PLC, IFIC Bank PLC, Islami Bank Bangladesh PLC, Mercantile Bank PLC, One Bank PLC, The Premier Bank PLC, and United Commercial Bank PLC.
The revised CSE50 Index comprises companies from a broad range of sectors, including banking, pharmaceuticals, telecommunications, fuel and power, manufacturing, financial services, food, cement, insurance, and consumer goods.
Market capitalisation and trading activity
According to figures released by the CSE, as of 30 June, the 50 constituents of the revised index represented 76.40 per cent of the full market capitalisation of all stocks listed on the exchange.
In terms of free-float market capitalisation, the index companies accounted for 72.57 per cent of the total CSE-listed market as of the same date.
Moreover, the companies included in the index represented 53.72 per cent of the average daily turnover of all stocks listed on the CSE during the six-month period ended on 30 June.
These metrics indicate the extent to which the CSE50 constituents represent the overall market in terms of market capitalisation, free-float value, and trading activity.
Complete list of 50 revised CSE50 constituents
The 50 constituents of the revised CSE50 Index are: Advanced Chemical Industries PLC, Bangladesh Steel Re-Rolling Mills Ltd, Bangladesh Submarine Cables PLC, Bank Asia PLC, Bangladesh Shipping Corporation, Bangladesh Export Import Company Ltd, Beacon Pharmaceuticals PLC, Berger Paints Bangladesh Ltd, Beximco Pharmaceuticals PLC, BRAC Bank PLC, British American Tobacco Bangladesh Company Ltd, BSRM Steels Limited, City Bank PLC, Delta Life Insurance Company Ltd, Dhaka Bank PLC, Dutch-Bangla Bank PLC, Eastern Bank PLC, Fine Foods Limited, GPH Ispat Ltd, Grameenphone Limited, Heidelberg Materials BD PLC, IDLC Finance PLC, Jamuna Bank PLC, Jamuna Oil PLC, Khan Brothers PP Woven Bag Industries Ltd, Kohinoor Chemical Company (BD) PLC, LafargeHolcim Bangladesh PLC, LankaBangla Finance PLC, Marico Bangladesh Limited, Meghna Petroleum PLC, MJL Bangladesh PLC, Mutual Trust Bank PLC, National Credit & Commerce Bank PLC, Olympic Industries PLC, Padma Oil PLC, Prime Bank PLC, Pubali Bank PLC, Robi Axiata PLC, Shahjalal Islami Bank PLC, Southeast Bank PLC, Square Pharmaceuticals PLC, Summit Power Ltd, Taufika Foods & Lovello Ice-Cream PLC, The ACME Laboratories Ltd, The Ibn Sina Pharmaceuticals Industry PLC, Trust Bank PLC, Unique Hotel & Resorts PLC, United Power Generation & Distribution Co Ltd, Uttara Bank PLC and Walton Hi-Tech Industries PLC.
