Dhaka, Bangladesh (BBN)

The prime index of the Dhaka Stock Exchange (DSE) inched up by 2.17 points, settling at 5,485.

The blue-chip index DS30, a group of 30 prominent companies, rose by 7.17 points to 1944.29, while the DSES Index, representing Shariah-based companies, decreased by 0.73 to 1,203.43.

Turnover, a crucial indicator of the market, increased by 6.43 per cent to BDT 6.62 billion from the previous day.

The majority of the stocks saw a price decline, as out of 397 issues traded, 140 closed higher, 191 lower, and 66 remained unchanged.

Orion Infusion Ltd was the most traded stock, with shares worth BDT 572.35 million changing hands, followed by Sea Pearl Beach Resort & Spa Limited, Taufika Foods and Lovello Ice-cream PLC, Eastern Bank and Far East Knitting & Dyeing Industries Limited.

On the other hand, the Chittagong Stock Exchange (CSE) also ended lower, with its All Share Price Index (CASPI) losing 29 points to settle at 15632 and the Selective Categories Index (CSCX) losing 17.71 points to settle at 9408.

The port city bourse traded 2.17 million shares and mutual fund units with a turnover volume of BDT 69.4 million.

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BBN file photo

Dhaka, Bangladesh (BBN) - Bangladesh’s stocks ended lower on Sunday, the first working day of the week, as risk-averse investors continued reducing their exposure to capital market investments.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), declined by 23.99 points to settle at 5,482.79 on the day.

The blue-chip index DS30, a group of 30 prominent companies, saw a 5.24-point decrease to 1937.11, while the DSES Index, which represents Shariah-based companies, witnessed a 4.83-point decrease to 1,202.70 until the end of the session.

Turnover, one of the crucial indicators of the market, stood at BDT 6.22 billion, down 6.33 per cent from the previous trading day.

The majority of the stocks saw a price decline, as out of the 397 issues traded, 70 closed higher, 297 ended lower, and 30 remained unchanged on the DSE trading floor.

Taufika Foods and Lovello Ice-cream PLC was the most-traded stock with shares worth BDT 279.05 million changing hands, followed by Agni Systems, Beach Hatchery Ltd, Salvo Chemical Industry Limited and Sea Pearl Beach Resort & Spa Limited.

On the other hand, the Chittagong Stock Exchange (CSE) also ended lower with its All Share Price Index (CASPI) losing 96.54 points to settle at 15661 and the Selective Categories Index (CSCX) losing 59.48 points to close at 9426.

The port city bourse traded 2.17 million shares and mutual fund units with a turnover volume of BDT 83.69 million.

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BBN file photo

Dhaka, Bangladesh (BBN) - Bangladesh stocks ended lower on Thursday as risk-averse investors preferred to liquidate their holdings in apprehension of a probable shift in market momentum.

The prime index of the Dhaka Stock Exchange (DSE) declined by 61.66 points to settle at 5,506.78 on the day.

The blue-chip index DS30, a group of 30 prominent companies, saw a 15.77-point decrease to 1942.36, while the DSES Index, which represents Shariah-based companies, saw an 11.95-point decrease to 1,207.53 till the end.

Turnover, a crucial indicator of the market, stood at BDT 6.64 billion, up 31.32 per cent from the previous trading day.

The majority of the stocks saw a price decline, as out of the 397 issues traded, 36 closed higher, 343 ended lower, and 18 remained unchanged on the DSE trading floor.

Sea Pearl Beach Resort & Spa Limited was the most-traded stock with shares worth BDT 245.10 million changing hands, followed by Salvo Chemical Industry Limited, Orion Infusion Ltd, Taufika Foods and Lovello Ice-cream PLC and Alif Industries Limited.

On the other hand, the Chittagong Stock Exchange (CSE) also ended lower with its All Share Price Index (CASPI) losing 128.06 points to settle at 15,758 and the Selective Categories Index (CSCX) losing 76.36 points to settle at 9,485.

The port city bourse traded 4.08 million shares and mutual fund units with a turnover volume of BDT 90.18 million.

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Retail investors are in despair as DSE witnesses volatility. BBN file photo

Dhaka, Bangladesh (BBN) -Bangladesh’s stocks witnessed yet another bearish week to Thursday, the shortened week after Eid vacation, as jittery investors remained in selling mode amid growing macroeconomic worries.

This week saw three trading days as the market remained closed for the first two days on the occasion of Eid-ul-Azha and all the three sessions closed in the red.

Week on week, DSEX, the key index of Dhaka Stock Exchange (DSE), slipped 42.45 points or 0.67 per cent to settle at 6,324.50. DSEX lost over 52 points in the past two weeks.

Two other indices of DSE also ended lower this week. The DS30 Index, comprising blue-chip companies, dropped 19.92 points to close at 2,273.85 and the DSES Index, which represents Shariah-based companies, fell 10.54 points to finish at 1,377.35.

The week's total turnover dropped to BDT 19.62 billion on the prime bourse as against BDT 38.14 billion in the week before.

The daily turnover averaged out at BDT 6.54 billion, down 14 per cent over the previous week's average of BDT 7.63 billion.

The investors' activities were mostly focused on the textile sector, capturing 18 per cent of the week's total turnover, followed by miscellaneous sector (11 per cent) and engineering sector (10 per cent).

Major sectors suffered losses, with the general insurance sector posting the highest loss of 2.30 per cent, followed by miscellaneous (2.28 per cent), cement (1.60 per cent), telecoms (1.50 per cent), pharma (0.80 per cent), food (0.40 per cent), engineering (0.30 per cent) and banking (0.10 per cent).

On the other hand, power and textile sectors gained 0.30 per cent and 0.10 per cent respectively.

Losers took a strong lead over the gainers, as out of 388 issues traded, 234 declined, 114 advanced and 39 issues remained unchanged on the DSE trading floor.

Junk stock Meghna Condensed Milk Industries was the week's top gainer, posting a 23 per cent gain, while Janata Insurance was the worst loser, shedding 8.60 per cent.

On the other hand, the Chittagong Stock Exchange (CSE) ended lower with the CSE All Share Price Index (CASPI) losing 156.43 points to settle at 18,595.40 and its Selective Categories Index (CSCX) losing 94.99 points to close the week at 11,143.25.

Of the issues traded, 210 declined, 96 advanced and 23 issues remained unchanged on the CSE trading floor.

The port-city bourse traded 20.45 million shares and mutual fund units with turnover value of BDT 615 million.

The market outlook remains bleak as investors are concerned over several macroeconomic issues such as shrinking foreign currency reserves, depreciating local currency and high inflationary pressure.

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BBN file photo

Dhaka, Bangladesh (BBN) - Bangladesh’s stocks finished almost flat on Thursday amid persistent bearish sentiment as investors mostly cautious to put fresh funds in stocks ahead of Eid vacation.

This was the last trading day before Eid holidays as the market will remain closed from Friday to Monday, including weekly holidays, on the occasion of Eid-ul-Azha.

The market moved between positive and negative several times before closing almost flat as the market lacked clear direction.

DSEX, the key index of the Dhaka Stock Exchange (DSE), inched up by 0.90 points to settle at 6,368.95, after losing over 6.0 points in the previous day.

Turnover, the crucial indicator of the market, stood at BDT 7.87 billion, which was 5.0 per cent higher than the previous day’s tally of BDT 7.46 billion.

Two other indices dropped marginally. The DS30 Index, which consists of the blue-chip companies, fell 6.09 points to close at 2,293 and the DSES Index, which represents Shariah-based companies, shed 1.30 points to finish at 1,387.

Gainers took a modest lead over the losers as out of 378 issues traded, 166 advanced, 149 declined and 63 remained unchanged on the DSE trading floor.

Sonali Paper & Board Mills was the most-traded stock with shares worth BDT 738 million changing hands, followed by IPDC Finance, Beximco, Fortune Shoes and Intraco Refueling Stations.

Zahintex Industries was the top gainer, posting a 9.63 per cent gain while non-life Meghna Insurance was the day’s worst loser, losing 1.99 per cent after steep rise recently.

On the other hand, the Chittagong Stock Exchange (CSE) also edged lower with the CSE All Share Price Index – CASPI –losing 2.53 points to settle at 18,746.94 and the Selective Categories Index – CSCX –shedding 2.72 points to close at 11,235.26.

Of the issues traded, 133 advanced, 119 declined and 41 issues remained unchanged on the CSE.

The port city’s bourse traded 10.65 million shares and mutual fund units with turnover value worth nearly BDT 284 million.

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Stocks market

Dhaka, Bangladesh (BBN) - Dhaka stocks opened marginally higher on Thursday while the Chittagong Stock Exchange saw a downturn in the early hour of trading.

Market operators said most investors remained followed a cautious stance as the energy crisis keeps deepening and power cuts have become frequent across the country over the last few days.

The confidence of investors is yet to restore fully due to macroeconomic worries and rising Covid-19 cases in recent days, they said.

Following the previous day’s modest fall, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 8.70 points or 0.13 per cent to stand at 6,374, after the first hour of trading at 11:00 am.

Two other DSE indices also saw a positive trend till then. The DS30 index, which consists of the blue-chip companies, gained 0.62 points to 2,300 while the DSES Index, which represents Shariah-based companies, listed on the bourse, up by 0.89 points to 1,390.

Turnover, another important indicator of the market, stood at BDT 1.40 billion after one hour of trading at 11:00 am.

Of the issues traded till then, 174 advanced, 118 declined, and 70 issues remained unchanged on the DSE trading floor.

Beximco was the most traded stock till the filing of this report with shares worth BDT 126 million changing hands, closely followed by Union Bank, GP, Fu-Wang Food and Intraco Refueling Station.

On the other hand, the Chittagong Stock Exchange opened lower with its All Shares Price Index (CASPI)—losing 31 points to stand at 18,718 while the Selective Categories Index – CSCX fell 18 points to reach 11,219, also at 11:00 am.

Of the issues traded till then, 65 declined, 48 advanced and 28 remained unchanged with a turnover of BDT 106 million till then.

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The week witnessed four trading days as the market remained closed on April 14 due to Pahela Baishakh. Of them, the first session saw sharp fall while last three ended higher.

Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 55.1 points or 1.05 per cent to settle at 5,310, after losing 314 points in the four consecutive weeks.

Two other indices also ended higher with the DSE30 Index, comprising blue chips, soared 36.43 points to finish at 2,026 and the DSE Shariah Index (DSES) rose 11.42 points to close at 1,209.

The week's total turnover on the prime bourse stood at BDT 20.19 billion which was BDT 23.24 billion in the week before as last week saw four sessions instead of previous week's five.

The daily turnover averaged out at BDT 5.05 billion, which was 8.58 per cent higher than the previous week's average of BDT 4.65 billion.

Gainers took a strong lead over the losers, as out of 367 issues traded, 217 advanced, 90 declined and 60 remained unchanged on the DSE trading floor.

The market-cap of DSE also rose to BDT 4,627 billion on Thursday, up by 0.77 per cent over the week before.

On the other hand, the Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index - CASPI -gaining 148 points to settle at 15,379 and the Selective Categories Index - CSCX rising 87 points to close at 9,277.

Of the issues traded, 149 advanced, 101 declined and 29 remained unchanged on the CSE trading floor.

The port city's bourse traded 23.54 million shares and mutual fund units with turnover value of BDT 734 million.

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Dhaka, Bangladesh (BBN)

The market opened on a flying note and the key index soared more than 124 points within the first hour of trading. But late hours profit-taking sell-offs eroded some early gains.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,790, gaining 70.57 points or 1.49 per cent, after losing 139 points in the past two sessions.

Two other indices also ended higher. The DS30 index, comprising blue chips, rose 35.48 points to finish at 1,644 and the DSE Shariah Index advanced 13.47 points to close at 1,094.

Turnover, the crucial indicator of the market, crossed BDT 11 billion- mark once again and amounted to BDT 11.49 billion on the country’s premier bourse, which was 9.22 per cent higher than the previous day’s mark of BDT 10.52 billion.

On the other hand, the Chittagong Stock Exchange also rebounded strongly with its All Shares Price Index (CASPI)—soaring 235 points to close at 13,727 and the Selective Categories Index - CSCX –jumping 143 points to finish at 8,284.

Of the issues traded, 126 gained, 132 declined and 24 remained unchanged on the CSE.

The port city bourse traded 16.04 million shares and mutual fund units with turnover value of BDT 354 million.

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A view of Dhaka Stock Exchange in Bangladesh. BBN file photo.  

Dhaka, Bangladesh (BBN) - Bangladesh’s prime bourse has sought low-cost funds through a financial stimulus package to help offsetting operational expenses of brokerage houses and merchant banks amid the Covid-19 pandemic.

A four-member delegation of the Dhaka Stock Exchange (DSE) Limited board of directors, led by its chairman Md. Eunusur Rahman, put forward the request at a meeting at Bangladesh Bank (BB) headquarters in the city on Tuesday, with Governor Fazle Kabir in the chair.

The central bank advised the DSE delegation to seek the support from the Ministry of Finance (MoF), meeting sources confirmed.

Shakil Rizvi, a director of the DSE, reportedly said they will soon submit a proposal to the MoF.

The central bank may provide a refinancing facility if the government announces a stimulus package for offsetting the adverse impact of the Covid-19 on their businesses, according to a BB senior official.

The DSE delegation also sought interest waiver on margin loans provided by the merchant banks and brokerage houses for six months to minimise the losses of the market participants, they added.

The amount of such loans would be around Tk 15 billion.

The central bank advised the delegation to discuss the issue with the Bangladesh Securities and Exchange Commission (BSEC).

The meeting also discussed different other issues, including starting trade of the government securities at the DSE.

The central bank along with Tata Consultancy Services (TCS) is now working to modify the market infrastructure (MI) module, an automated trading platform, to facilitate trading of the government securities in the country's prime bourse.

"We'll sign a non-disclosure agreement with the DSE shortly as part of starting trade of the government securities in the prime bourse," the central banker explained.

A tripartite committee with representation from the BB, the BSEC and the DSE has already submitted its recommendations in this regard to the authorities concerned.

Currently, three T-bills are being transacted through auctions to adjust the government borrowings from the banking system. The T-bills have 91-day, 182-day and 364-day maturity periods.

Furthermore, five government bonds with tenures of 02, 05, 10, 15 and 20 years respectively are traded on the money market.

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