DSE
DSE rebounds as Tk 344 crore in shares traded today
After five consecutive days of decline, the Dhaka Stock Exchange (DSE) saw a slight upward trend today as all three key indices posted modest gains, encouraging investor sentiment.
The trading session ended with 150 companies experiencing price increases, while 184 companies saw declines, and 63 remained unchanged. Despite the mixed results, the positive movement of the indices provided a much-needed boost to the market.
Investor confidence appeared to return as the DSE's main index, DSEX, rose by 12.38 points, closing at 5173.11. The DSES (Shariah) index increased by 1.41 points to 1156.99, while the DS30 index, which tracks blue-chip companies, climbed 7.53 points to 1903.79.
The day's trading volume amounted to Tk 344 crore, slightly lower than Sunday's transaction volume of Tk 362 crore. While the value of transactions dipped by Tk 16 crore, the volume of share trading increased, signaling renewed interest among investors.
In contrast, the Chittagong Stock Exchange (CSE) saw a drop in transaction volume, falling from Tk 6.33 crore on Sunday to Tk 5.97 crore on Monday. The CSE CASPI index slipped by 0.25 points, closing at 14513.31. A total of 179 companies and mutual fund units were traded at the CSE, with 53 companies seeing price gains, 99 facing declines, and 27 remaining unchanged.
12 hours ago
Stock market: Downward trend for fourth consecutive day
The Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) continued their downward trend on Thursday, marking the fourth consecutive day of falling indices this week. Despite an uptick in trading volume at the DSE, most companies saw declines in share prices, with market indices across both exchanges experiencing significant drops.
At the DSE, trading volume increased to Tk 306.89 crore, up from Tk 296.34 crore on the previous day, reflecting a rise of Tk 10.55 crore. However, this boost in trading activity did little to offset the overall decline in stock values.
DSE faces downturn for second consecutive day as most company shares decline
The DSE's benchmark index, DSEX, dropped by 58.23 points, closing at 5257.97 points. Other indices followed suit, with the DSES (Shariah) index down by 8.74 points to 1174.13 points, and the DS-30 index, which tracks the top 30 leading companies, falling by 17.58 points to 1930.39 points.
Out of the 395 companies and mutual funds traded on the DSE, only 53 companies posted gains, while a substantial 293 companies saw their share prices fall, and 49 remained unchanged.
Meanwhile, trading activity at the CSE dipped on Thursday. The total value of shares traded fell by Tk 3.31 crore to Tk 4.64 crore, down from Tk 7.95 crore on the previous day. Similar to the DSE, all major indices at the CSE also experienced declines.
The CASPI index, the main index of the CSE, decreased by 150.83 points, closing at 14821.49 points, while the CSCX index dropped by 87.63 points to 9012.55 points. Other indices, including the CSE-50, CSI, and CSE-30, also showed declines of 8.22 points, 8.14 points, and 103.52 points, respectively.
On Thursday, shares of 218 companies and mutual funds were traded at the CSE. Of these, the share prices of 41 companies rose, while 156 companies posted losses, and 21 companies remained unchanged.
4 days ago
DSE trading declines for third consecutive day
The Dhaka Stock Exchange (DSE), the country’s primary capital market, experienced its third consecutive day of decline in trading on Wednesday.
During the first one and half hours of trading, the DSE recorded a drop in the prices of most listed companies, with all three major indexes seeing a downturn. In this period, share prices of 110 companies advanced, 189 declined, and 81 remained unchanged.
Read more: DSE faces downturn for second consecutive day as most company shares decline
According to market sources, the DSEX, the DSE’s benchmark index, fell by 14.65 points to 5,351.30. The DSES Shariah index dropped 4.80 points to 1,190.55, while the DS30, which tracks blue-chip stocks, decreased by 4.67 points to 1,959.05.
By mid-morning, approximately Tk 110 crore worth of shares and units had been transacted on the DSE.
5 days ago
Dhaka Stock Exchange opens lower after Durga Puja holiday
Dhaka Stock Exchange (DSE), the country's primary capital market, experienced a downturn in trading on Monday, the first working day following the four-day holiday for Durga Puja.
In the first two hours of trading, the DSE exhibited a mixed performance. According to market data, shares of 166 companies advanced, while 144 companies saw a decline in their stock prices, and 76 companies remained unchanged.
DSE gains 98 points, transaction reaches Tk 376.60cr today
The main index, DSEX, fell by 10.33 points to settle at 5,411.72. Similarly, the DSES Shariah index dropped 3.76 points to 1,202.10, and the DS30 index, which tracks the performance of blue-chip stocks, declined by 3 points to 1,981.96.
This decline contrasts sharply with last Wednesday's closing session, where share prices and all indices showed gains across the board before the extended holiday break.
DSEX climbs by 26.99 points as majority of listed companies show gains
During Monday's early trading session, shares and units of 386 companies were exchanged, with a total transaction volume of Tk 167 crore in the first two hours.
1 week ago
Small investors’ woes in stock market not over yet
Small investors in Bangladesh’s stock market remain trapped, with their woes persisting due to a lack of confidence, weak governance and economic instability, despite assurances from regulators of an eventual market rebound, according to experts.
“No one, not even the regulator or stock market authorities, pays heed to our screams,” said Saiful Islam, a grocery owner and one of the affected investors,” in a broken voice while talking to UNB regarding the capital market.
Saiful invested Tk 14 lakh in 2010 to buy shares of different companies listed in the Dhaka Stock Exchange (DSE).
Dhaka stocks drop in early trading today
After graduating in 2004, Saiful found no suitable job and then started a small business in the Motijheel area in 2007 with support from his father-in-law.
He made a good profit in the business and invested the money in the share market.
In 2010, Saiful invested around Tk 14 lakh, of which Tk 6 lakh was his own and Tk 8 lakh he borrowed from relatives. All of his investment was stuck in shares of different companies due to a major scam in the capital market in 2011.
Like Saiful, thousands of investors lost their hard-earned capital in 2011, and after that, some were able to regain part of their capital. However, most of them left the capital market, losing nearly all their investment.
Many such investors are still in the market, hoping for a rebound in the DSE, but without any good news.
DSEX drops by 43 points as prices of 288 companies fall, Chittagong Stock Exchange follows suit
There is no sign of lifting the floor price before the next election. However, economists say that people do not have confidence in the market. The BSEC advises investors to remain patient.
Analysts say that the small investors’ woes in the capital market are unlikely to end before the national election as their wait for a good time is prolonged by Bangladesh’s recent ‘instability’.
The small investors’ shares were once stuck at the floor price (minimum sale rate) due to the overall economic downturn. The floor price barrier ended after the change in government in Bangladesh.
However, the prices of most companies' shares have not increased to the desired level for small investors.
Dhaka Stock Exchange sees early week gains
This has been painful for many unfortunate small investors in the capital markets, according to market analysts.
Policymakers and the Bangladesh Securities and Exchange Commission (BSEC) paint a rosy picture for small investors, saying that the stock markets will rebound with the enlistment of new companies and the injection of large investments. However, the situation for small investors seems hopeless.
A large number of shareholders have been stuck with their investments in the capital market for over a decade amid fading hopes.
Experts' Analysis
Dr ABM Mirza Azizul Islam, an economist and former adviser of a caretaker government, told UNB that there has been a crisis of confidence among investors in the stock market for a long time.
“To this are added various economic crises, the international situation, and everything, including elections and national politics. As a result, first of all, steps should be taken to eliminate the trust crisis. In this case, trust should be ensured by establishing good governance,” he added.
Dhaka Stock Exchange slips below 5,400-point as Islami Bank shares plummet nearly 10%
“That means investors have to be assured that if someone steals their money through manipulation, they will be prosecuted. Besides, the supply of good shares should be increased. Through these two steps, it is possible to solve the market problem. But it is not easy at all,” said Dr Azizul Islam.
Dr Abu Ahmed, Chairman of the Investment Corporation of Bangladesh (ICB) and former professor of Dhaka University’s Economics Department, said there are two crises in the market: one on the demand side and the other in investor confidence.
On the supply side, he said, the problem is that there are fewer good companies. As a result, it is a win-win situation for manipulation and syndicates. “All in all, the stock market is currently in an unstable condition and the situation is gradually getting worse. The passage from here is very difficult,” he said.
Ahmed also noted that people are sometimes investing in weak shares with the expectation of a big profit, which is not the right way of investing due to a lack of financial literacy.
Read mnore: Share Market Investment Guide: How to Invest in Stocks in Bangladesh
1 week ago
Stocks regain on day 2 after lifting floor price, turnover crosses Tk1000 crore
The capital market of the country turned around on Monday, and turnover exceeded Tk1000 crore for the first time in 6 months, on day 2 of lifting the floor price (minimum selling rate).
The Dhaka Stock Exchange (DSE) index fell sharply on Sunday, the first working day after the floor price was lifted. Turnover too was subdued.
However, after a day on Monday, the index closed higher on the second working day. Also, after six months, the turnover in the market exceeded Tk1000 crore.
DSE turnover jumps over 28 percent to Tk441 crore after election day
Shares and units of 207 companies increased in DSE on this day. On the contrary, the price of 145 decreased. And the price of 40 remains unchanged. The main price index of DSE DSEX increased by 14 points to 6254 points.
Among the other two indices, DSE Shariah increased by 6 points to 1,380 points compared to the previous day. The DSE-30 index has increased by 10 points compared to the previous day and stands at 2147 points.
Businesses want updated risk management systems to ease trade
At the end of the day, Tk1042.22 crore was traded in DSE, which was Tk588.87 crore on the previous working day (Sunday).
The top 10 companies traded on DSE were BD Thai Aluminum, Associated Oxygen, Orion Infusion, LafargeHolcim Bangladesh, Karnaphuli Insurance, Deshbandhu Polymer, Sea Pearl Beach Resort, Beach Hatchery, Santhani Life Insurance, and Bangladesh Shipping Corporation.
DSE launches new data center for uninterrupted transactions on stock market
However, the overall price index of Chittagong Stock Exchange (CSE) CASPI decreased by 93 points. Out of 267 firms participating in the market, 123 rose in price. In contrast, the prices of 118 decreased and 26 remained unchanged.
Tk21.81 Crore traded on Monday at the CSE, which was Tk12.74 Crore traded on the previous working day (Sunday).
8 months ago
80 percent of brokerage houses struggling
About 80 percent of brokerage houses have been struggling to meet their operating expenses for the last one and a half years due to the floor price barrier, the sector’s leaders said on Thursday.
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They said that trading in the country's stock market has decreased significantly due to the fixing of the floor price (minimum selling rate) by the regulator.
They said this in a views exchange meeting with members of the DSE Brokers Association of Bangladesh (DBA) and Capital Market Journalists Forum (CMJF) at the DSE Tower in Nikunjs of the capital on Thursday.
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Saiful Islam, President and Director of BRAC EPL Stock Brokerage Limited, Senior Vice President and Managing Director of IDLC Securities Muhammad Saifuddin, Vice President and Managing Director of Eminent Securities Umar Haider Khan, CMJF President SM Golam Samdani Bhuiyan, General Secretary Abu Ali, Former President Ziaur Rahman, and Vice President Babul Burman, among others, were present in the meeting.
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9 months ago
DSE launches new data center for uninterrupted transactions on stock market
Dhaka Stock Exchange (DSE), the main stock market of Bangladesh on Sunday launched a new data center to ensure automated and uninterrupted transactions.
The DSE authorities have claimed it is a state-of-the-art data center with 106 racks, a press release said.
Stock exchanges should allow more access for vetting IPOs, said DSE Managing Director
The data center has already achieved ANSI/TIA-942, Rated-3 (Design and Construction) international standard certification, DSE said.
Rated-3 data centers have multiple paths to keep power, cooling, and other systems updated and running without taking them offline. As a result, equipment/devices can be removed/replaced/maintained on a planned basis without disrupting application operations, said the DSE.
DSE gets new managing director
On November 12, the DSE announced that trading activities have been launched from the new data center at DSE Tower in Nikunja. It further stated that trading activities are being conducted successfully through the new data center since its commissioning.
According to DSE, the new data center has been equipped with state-of-the-art servers, network components, storage, and electrical equipment. By launching this state-of-the-art data center, DSE has ensured a highly reliable and modern trading platform for the benefit of investors and all stakeholders.
DSE, BGMEA join forces to support RMG enterprises in capital market
DSE Chairman Professor Dr. Hafiz Muhammad Hasan Babu, Director Rubaba Daula, Managing Director Dr. ATM Tariquzzaman, Chief Operating Officer M. Saifur Rahman Majumder, Acting Chief Technology Officer Tariqul Islam, among others, were present in the opening transaction ceremony.
11 months ago
Small investors’ woes in capital market unlikely to end before national polls: Analysts
Small investors in the stock market are frustrated as their wait for a good time gets delayed by the Bangladesh’s ongoing political unrest.
The political impasse over who should oversee the upcoming national polls is thwarting the stock market’s recovery from Covid-19 pandemic and the Ukraine-Russia war.
The small investors’ shares are stuck on the floor price (minimum sale rate) and overall economic downfall. This has been painful for many unfortunate small investors of the capital markets, according to market analysts.
Policymakers and the Bangladesh Securities and Exchange Commission (BSEC) paint a rosy picture for small investors saying that stock markets will rebound with enlistment of new companies and injection of big investments. But the situation for the small investors seems to be hopeless.
Read: Economy buffeted by political unrest amid declining forex reserves: Analysts
A large number of shareholders have remained stuck with their investment in the capital market for over a decade amid fading hopes.
“No one, not even the regulator or stock market authorities pay heed to their screams,” Abdul Latif, a grocery owner and one of the affected investors, told UNB in a broken voice. He said he invested Tk13 lakh in 2011 to buy shares of different companies listed in Dhaka Stock Exchange (DSE).
After graduation in 1998 Latif found no suitable job and then started a small business in the Motjheel area in 2002 with support from his father-in-law. He made a good profit in the business and invested money in the share market.
In 2010 Latif invested around Tk13 lakh of which 5 lakh was his own and 8 lakh borrowed from relatives. All of his investment was stuck in shares of different companies due to a big scam in the capital market in 2011.
Read: Govt aims to collect 11.2% of GDP in taxes by FY 2025-26
Like Latif, thousands of investors lost their hard-earned capital in 2011, and after that, some were able to gain part of the capita. But most of them left the capital market losing nearly all investment.
Many of such investors are still in the market hoping for a rebound in the DSE, but without any good news.
There is no sign of lifting the floor price before the next election. However, economists say that people do not have confidence in the market. BSEC advises investors to be patient until the general election is held by January next.
Dr ABM Mirza Azizul Islam, an economist and a former adviser of a caretaker government, told UNB that there has been a crisis in investors' confidence in the stock market for a long time.
“To this are added various economic crises, the international situation, and everything including elections and national politics,” he said.
Read: Despite challenges, govt hoping to restore economy’s pre-Covid momentum in current fiscal
As a result, first of all, steps should be taken to eliminate the trust crisis. In this case, trust should be ensured by establishing good governance, he said.
That is, the investors have to be given the assurance that if someone steals their money through manipulation, they will be prosecuted. Besides, the supply of good shares should be increased. Through these two steps, it is possible to eliminate the market problem. But it is not easy at all, said Dr Azizul Islam.
Dr Abu Ahmed, former professor of Dhaka University’s Economics Department, said there are two crises in the market: one on the demand side and the other in investor confidence.
On the supply side, the problem is that there are fewer good companies. As a result, it is a win-win situation for manipulation and syndicates, he said.
Read: Country’s first electrical testing laboratory on the cards
All in all, the stock market is currently in an unstable condition and gradually the situation is getting worse. The passage from here is very difficult, he said.
According to market insiders, the stock market situation is in a dire. The situation is not improving due to political uncertainty ahead of national elections, increases in commodity prices, and various international issues.
The market has lost its importance to the government as well. For those who are not directly involved with government policymakers, the stock market is a source of irritation.
Their thinking is like this - if there is no stock market, there will be no problem in the country. For these reasons, the government wants to hold the market with floor prices until the next national election. This brings an opportunity for syndicates blessed by the regulatory body to be controlling the market, the market insiders said. They spoke on condition of anonymity.
BSEC Chairman Professor Shibli Rubayat Ul Islam told UNB in this regard that the global situation is not in the hands of the regulator or the government. Investors should beware of investing with any company depending on rumours.
He also said due to a lack of financial literacy, people are sometimes investing in weak shares with an expectation of big profit which is not the right way of investment.
Read: BSEC sits with stock market stakeholders Thursday after drastic fall of share prices
11 months ago
DSE gets new managing director
Former executive director of capital market regulator Bangladesh Securities and Exchange Commission, Dr ATM Tariquzzaman, joined the Dhaka Stock Exchange as its new managing director on Sunday.
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The BSEC approved his appointment on August 8. He was appointed as MD of DSE for the next three years after the resignation of Tariq Amin Bhuiyan.
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Tariq Amin Bhuiyan submitted his resignation on 23 August 2022. Before this, professors Swapan Kumar Bala (late), KAM Majedur Rahman, and Kazi Chanaul Haque worked as MD of DSE.
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1 year ago