decline
Stock Markets: First trading day of the week ends in decline
The stock market began the week with a decline, as indices fell on both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) on Sunday.
At the DSE, the benchmark DSEX index and the Shariah-based DSES index both dropped by 2 points. But the DS30 index, which tracks blue-chip stocks, gained 2 points.
Despite this, the majority of companies saw a decline in share prices.
Weekly Review: Dhaka Stock Market sees gains despite sluggish stocks
Out of 409 companies traded on the DSE, 138 recorded price increases, 196 saw declines and 75 remained unchanged.
Sector-Wise Performance
Across all categories, the majority of companies experienced a drop in share prices:
A-category: 101 companies declined, 84 gained, and 45 remained unchanged.
B-category: 38 companies saw a decrease, 30 increased, and 11 were unchanged.
Z-category: 57 companies declined, 24 gained, and 19 remained unchanged out of 100 traded stocks.
Among mutual funds, most remained unchanged. Of the 37 mutual funds traded, 22 saw no change, 9 declined, and 6 registered gains.
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Meanwhile, in government securities, 10 out of 11 declined, with only one recording a price increase. In the corporate bond segment, one out of four bonds increased in value, while two declined, and one remained stable.
Block Market & Trading Volume
The DSE block market recorded transactions of 16.70 crore across 27 companies, with 23 lakh shares exchanged. ACI Limited topped this segment, trading shares worth 4.19 crore, amounting to 2.69 lakh shares.
Despite the drop in indices, trading volume increased at the DSE. The total turnover stood at 415 crore, up from 401 crore in the previous trading session.
Top Gainers & Losers
BDCOM Online Limited topped the gainers’ list, with its share price rising 9.92% in a single day. Meanwhile, New Line Clothing Limited saw the sharpest drop, also by 9.92%.
CSE Performance
The CSE also ended the day in decline, with the overall index falling by 24 points. Of the 190 companies traded, 73 gained, 93 declined, and 24 remained unchanged.
Stock market records year’s highest turnover
Total turnover at the CSE stood at 4.5 crore. Far East Finance & Investment Limited emerged as the top gainer, rising 10%, while National Feed Mill Limited saw the steepest fall, declining by 10%.
Despite early optimism, both stock exchanges closed in the red, reflecting cautious sentiment among investors.
1 month ago
90% of countries see decline in human development
Multiple crises are halting progress on human development, which is going backwards in the overwhelming majority of countries, according to the UN.
The 2021-22 human development report "Uncertain Times, Unsettled Lives: Shaping our Future in a Transforming World," released Thursday, paints a picture of a global society lurching from crisis to crisis, and which risks heading towards increasing deprivation and injustice.
For the first time in the 32 years that the UN Development Programme (UNDP) has been calculating it, the Human Development Index, which measures a nation's health, education, and standard of living, has declined globally for two years in a row.
Human development has fallen back to its 2016 levels, reversing much of the progress towards the Sustainable Development Goals.
The UN report finds that nine out of 10 countries have fallen behind on life expectancy, education and living standards.
Heading the list of events causing major global disruptions are Covid and the Russian invasion of Ukraine, which have come on top of sweeping social and economic shifts, dangerous planetary changes, and massive increases in polarization.
This signals a deepening crisis for many regions, and Latin America, the Caribbean, Sub-Saharan Africa, and South Asia have been hit particularly hard as 30 years of continuous human progress is unravelling.
Read: Bangladesh moves 3 notches up in Human Development Index
"The world is scrambling to respond to back-to-back crises," said Achim Steiner, UNDP administrator. "We have seen with the cost of living and energy crises that, while it is tempting to focus on quick fixes like subsidising fossil fuels, immediate relief tactics are delaying the long-term systemic changes we must make."
The UN study's authors identified three layers of today's "uncertainty complex" – dangerous planetary change, the transition to new ways of organising industrial societies, and the intensification of political and social polarization.
Also read: Rebuilding Ukraine may cost $349bn
"It is not just that typhoons are getting bigger and deadlier through human impact on the environment," the report said. "It is also as if, through our social choices, their destructive paths are being directed at the most vulnerable among us."
2 years ago
Kurigram witnesses significant decline in child marriage
One of the two categories of child marriage has declined significantly in Kurigram, one of the country's poorest districts, over the last five years. The other has also decreased, but not to the desired extent.
In 2017, the rate of child marriage for under-15s was 17 percent, and for under-18s was 65 percent in the northern district. It means the number of girls under the age of 15 getting married was 17 percent, and the number of girls under 18 getting married was 65 percent.
Now the rate has come down to 6 percent for under-15s, and 51 percent for under-18s, said Mohammad Rezaul Karim, Deputy Commissioner of Kurigram district on Saturday at Sheikh Russel Auditorium in Kurigram.
The findings were disclosed at the district level exit workshop organized by the Building Better Future for Girls (BBFG). The Deputy Commissioner of Kurigram presided over the workshop.
District action plan to prevent child and early forced marriage can be a powerful tool to make Bangladesh free of child marriage by 2041, he added.
Kurigram can be a role model for other districts in bringing down child marriage rate but a long- term action plan and more coordinated efforts are required to achieve the goal, said discussants during the project's closing workshop.
READ: Growing per capita income contributed to reduce child marriage: Planning Minister
Deputy Director of the Local Government department, Zilufa Sultana, Upazila Nirbahi Officer of Rajarhat Upazila Nura Tasnim, Upazila Nirbahi Officer of Fulbari Upazila Sumon Das, Upazila Nirbahi Officer of Kurigram Sadar Upazila Rasedul Hasan, Additional Superintendent of Police Sushant Chandra Roy, Director - Girls Rights Hub of Plan International Bangladesh Kashfia Firoz, and Nazrul Ghani, Head of Administration and General Service were present as special guests.
The Deputy Commissioner said that everyone in Kurigram now knows that child marriage is a crime. But they have to be more conscious and monitor the situation from their own place. “We must say No to child marriage”.
The BBFG project has been supporting the Kurigram district administration in implementing the district action plan to reduce the rate of child marriage under 15 years to zero, and to reduce the rate of child marriage under 18 years to one-third of what it was.
Under the leadership of Kurigram district administration, child marriage prevention committee, local government, Kazi, Matchmaker, Imam and Priests are working together. As a result, the district’s rate of child marriage has been reduced, he added.
Kashfia Feroz, director of Girls Rights Hub of Plan International Bangladesh said: "Despite the pandemic, the rate of child marriage in Kurigram under the age of 15 has come down to 6 percent from 17 percent. This is a great achievement for us. I urge everyone to hold on to the BBFG project’s success so that we can declare Kurigram a child marriage free district.”
As per the government's declaration, and following the guidelines of the Governance Innovation Unit (GIU) at the Prime Minister’s Office, 3 upazilas, 73 union parishads and 3 municipalities of Kurigram district have already been primarily declared as "child marriage-free" through the BBFG project.
The Building Better Future for Girls (BBFG) project, funded by the Embassy of Sweden in Bangladesh, has been implemented across the Kurigram district since 2017 with the support of Plan International Bangladesh and local partner RDRS Bangladesh. The project will end by March 31, 2022.
READ: Kurigram sets an example in reducing child marriage: Speakers
The BBFG project has taken various initiatives to stop child marriage including formation of youth forum in all unions of Kurigram, selection of champion fathers, strengthening and formation of child marriage prevention committee and developing action plan to stop child marriage at district, upazila and union and ward levels, and providing training to over 6000 kazis, imams, matchmakers and priests involved in the process to execute marriage.
3 years ago