Stock-Market
Weekly Stock Market: Major index rises as banks show signs of recovery
In the past week’s trading activities, the Dhaka Stock Exchange (DSE) saw a notable increase in its main index, accompanied by a rise in overall market transactions. These trends have been partially driven by a positive shift in the banking sector shares.
Over the five trading days till Thursday (Feb. 27), the DSE's main index rose by 46.93 points. Trading, which concluded on February 20 at 5,200 points, reached 5,247 points on February 27.
Mixed trends in stock markets: DSE gains, CSE declines in early trading
Along with the main index’s growth, the average trading volume in Dhaka’s stock market saw an uptick. Last week, the average trading volume increased from Tk 470 crore to Tk 518 crore, marking a more than 10% rise over just five trading days. This surge is attributed to the growing confidence of investors in long-term investments, particularly in the banking sector. The collective share prices of 36 listed banks jumped by 19.55%.
Banking Sector Recovery
As the prices of shares in the banking sector have risen, transaction volumes have also increased. While brokerage houses and investors acknowledge that it is still uncertain whether the banking sector will fully recover within a week, the recent positive movements have sparked renewed hope for the sector.
When compared to last week, the volume of banking sector share transactions has surged by nearly 60%. Among the banking institutions that saw trading, 22 experienced price increases, 10 saw declines, and four remained unchanged.
Positive Movement in Financial Institutions
In addition to the banking sector, the share prices of financial institutions also witnessed positive movement. Of the 23 listed financial institutions, 15 saw their prices rise, five saw declines, and three remained stable.
Over the last five trading days, financial institution share prices have surged by over 105%, with the trading volume increasing by 86%.
Stock market declines after 3-day rally
Meanwhile, while the general insurance sector’s share prices rose by over 68%, the life insurance sector experienced a 19.61% drop in prices.
Telco struggles
The telecom sector, on the other hand, witnessed significant price drops. During the week, telecom sector shares fell by more than 44%. On the final trading day, shares of the listed telecom company Grameenphone fell by 4.5%, while Robi’s shares saw a slight dip of 0.35%.
Blue-Chip Companies and SME Sector
Despite the rise in the main index, the index of selected blue-chip companies fell by 4 points. Conversely, the Shariah-based DSES index rose by 4 points, while the SME sector’s shares continue to struggle. The index of small and medium-sized enterprises, DSMEX, fell by 18 points.
Block Market Highlights
In the block market, the highest number of shares were sold by Bich Hatchery Limited, with each share currently priced at Tk 109.40. Coming in second for block market sales is Jamuna Bank, where each share is priced at Tk 19.60.
Most Active Stocks
The most active stock in the market last week was Orion Infusion Limited, with Grameenphone taking second place.
Top Performers and Decliners
S Alam Cold Rolled Steels Limited, a B-category company, secured the top spot on the DSE with an impressive 53.25% return. On February 20, its shares were traded at Tk 15.40, and by the final trading day, they had risen to Tk 23.60.
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On the other end of the spectrum, Sunlife Insurance Company Limited saw a nearly 10% drop, with its share price falling from Tk 75 on February 20 to Tk 68 by the end of the week.
Stock Market Shrinkage and Margin Loans
Between price fluctuations, a recent report from the DSE’s brokerage association, DBA, revealed that the size of the country’s stock market has shrunk by 37.6% over the past 16 years.
In addition, over the last 15 years, 134 new companies have been listed on the stock market, with 42 companies now in the Z-category. Of the 350 listed companies, 103 are now in the Z-category.
Investor Concerns: Margin Loans
In this volatile market, margin loans continue to be a major concern for investors. Although a task force has been formed to address this issue, a long-term solution remains elusive.
According to the combined reports from brokerage houses, the total margin loans in the stock market have surpassed Tk 20,000 crore, with Tk 9,700 crore of that amount attributed to negative equity.
With the current positive outlook of the index, market experts believe that if investors can be freed from margin loans, confidence in the market could be restored in the near future.
1 month ago
Sluggish trading continues in Dhaka Stock Market
Trading in the Dhaka Stock Exchange (DSE) remained largely unchanged in the first two hours on Wednesday, with the key index showing no significant movement.
Although the main index, DSEX, was in the negative zone, the drop was less than one point.
Among the other two indices, the Shariah-based DSES remained flat, while the blue-chip DS30 index gained four points.
Stock market rises, turnover surpasses Tk 500 crore again
During the first two hours of trading, share prices of 162 companies increased, while 148 declined, and 77 remained unchanged.
The total transaction value in the Dhaka market exceeded Tk 180 crore within this period.
Meanwhile, the Chittagong Stock Exchange (CSE) saw a 14-point rise in its overall index. Out of the 111 companies that participated in trading, 49 recorded price increases, 46 saw declines and 16 remained unchanged.
The total turnover at CSE in the first half of the session crossed Tk 1.30 crore.
2 months ago
Stock market opens higher, continues upward momentum
Trading at the Dhaka and Chattogram stock exchanges began on a positive note on Wednesday, with most company shares seeing price gains.
At the opening of trading on the Dhaka Stock Exchange (DSE), the benchmark index DSEX rose by 11 points.
The Shariah-based DSES index increased by 2 points, while the blue-chip DS30 index gained 1 point.
At the beginning of the session, share prices of 197 companies advanced, while 106 declined and 77 remained unchanged.
Weekly Review: DSE plunges as investor confidence wanes; key sectors hit hard
During the first hour of trading, shares and units worth over Tk 120 crore changed hands on the DSE.
Meanwhile, the Chattogram Stock Exchange (CSE) also opened higher, with its overall index increasing by 3 points.
Among the 99 companies traded, share prices of 31 rose, 51 declined, and 17 remained unchanged.
The total value of shares and units traded at the start of the session surpassed Tk 4 crore.
2 months ago
Stock market trading sees Uptrend in Dhaka; Chattogram index declines
Dhaka’s stock market continues to witness an uptrend for the third consecutive session, with all three indices rising during the initial hour of trading on Wednesday.
The benchmark DSEX index of the Dhaka Stock Exchange (DSE) recorded a 9-point increase in the first hour of the session.
Meanwhile, the Shariah-compliant DSES index rose by 2 points, and the blue-chip DS30 index gained 1 point.
During this period, transactions at the DSE amounted to Tk 109 crore.
Read more: DSE ends Sunday’s trading with a downtrend; prices of 282 companies go down
Of the traded securities, the share prices of 168 companies increased, 93 declined and 108 remained unchanged.
In contrast, the Chattogram Stock Exchange (CSE) experienced a decline in its indices.
The CSE All Share Price Index (CASPI) dropped by 6 points in the first hour of trading.
On the CSE, the share prices of 26 companies rose, 27 fell, and 9 remained unchanged, with a total turnover of Tk 2.48 crore during the same period.
While Dhaka’s market continues its upward trajectory, the mixed performance in Chattogram highlights varying trends across the country's stock exchanges.
3 months ago
Stock market sees 3rd day of growth, trading volume hits Tk 500 crore
The Dhaka Stock Exchange (DSE) witnessed an increase in all major indices, with trading volume nearing Tk 500 crore on Tuesday, the third trading day of the week.
The trading session at the DSE began with an upward trend in the indices.
Within the first 40 minutes, the benchmark DSEX index rose from 5,195 points to 5,234 points. After the initial surge, the indices started falling in the subsequent hours.
Although the market could not maintain its positive momentum throughout the day, the DSEX index ended the session 5 points higher than the previous trading day.
The other two indices, the Shariah-based DSES and the blue-chip index, both saw increases of 1 point and 2 points, respectively.
DSE ends Sunday’s trading with a downtrend; prices of 282 companies go down
A total of 165 companies saw their share prices rise, while 156 companies experienced a drop, and the prices of shares in 80 companies remained unchanged. In the A category, 90 companies saw price increases, 90 witnessed price drops, and 41 companies had unchanged share prices.
In the B category, 41 companies saw their prices rise, 28 saw them fall, and 19 companies had stable prices.
The Z category saw 32 companies' prices increase, while 35 companies saw their prices drop, and 20 remained unchanged. In the newly listed N category, two companies saw their prices rise, and 3 saw their prices decrease.
Among the 37 mutual funds traded, 17 saw their share prices remain unchanged, 15 saw price increases, and 5 experienced declines.
In the block market, 73 companies traded a total of 1.96 million shares, valued at Tk 15.49 crore. Compared to the previous day, the total market turnover increased by Tk 73 crore, reaching Tk 499.14 crore with 163,900 shares and units traded.
Best Holdings topped the gainers' list with a 9.85% increase in its share price. On the other hand, Associate Oxygen Limited experienced a 10% decrease in share price, making it the top loser.
In addition to the trading activity, three companies declared dividends for the July quarter. Gemini Sea Food PLC announced a 7.5% dividend, Munno Fabrics Limited issued a 1% dividend and Paramount Textile PLC declared a 5% dividend per share.
DSEx and DS30 indexes slide while DSES up by 4.16 points in 1st hour
The positive momentum was also seen in the Chittagong Stock Exchange (CSE), where the CSE All Share Index (CSCX) rose by 38 points.
Among the 147 companies traded, 95 saw their prices increase, 61 saw their prices decrease, and 31 remained unchanged.
The total trading volume on the CSE amounted to Tk 4.55 crore, which was Tk 2 crore higher than the previous day's trading.
3 months ago
Stock market opens on a positive note, majority companies see gains
The Dhaka Stock Exchange (DSE) started Wednesday's trading session on a positive trajectory, with all three indices witnessing gains in the first hour.
Most listed companies experienced a rise in share prices during the early trading hours.
The DSE's benchmark index, DSEX, climbed by 15 points, while the DS-30, which tracks blue-chip companies, increased by 1 point.
The Shariah-compliant DSES index recorded a 4-point rise.
In the first hour, share prices of 235 companies advanced, while 48 declined, and 55 remained unchanged. Trading turnover crossed Tk 100 crore, with 3,91,094 shares exchanging hands 6.12 crore times, bringing the total turnover to Tk 117 crore.
DSE ends Sunday’s trading with a downtrend; prices of 282 companies go down
Meanwhile, three companies—Sonali Life Insurance, Union Bank, and Sea Pearl Beach Resort—were downgraded from the 'A' category to the 'Z' category.
As per the DSE directive, brokerage houses and merchant banks have been instructed not to provide margin loans for these companies' shares.
The Chittagong Stock Exchange (CSE) also mirrored DSE's positive trend, with its CSE-30 index gaining 9 points in the first hour of trading. The total turnover at the CSE during this period stood at Tk 44 crore.
Investors are cautiously optimistic as both markets exhibit an upward trend in early trading, reflecting renewed confidence in the stock market.
3 months ago
DSEX index up by 9.15 points and prices of 189 companies advanced in first hour Monday
The Dhaka Stock Exchange (DSE), the country's main capital market, saw an upward trend in the first hour on Monday.
The 3 indexes of the Dhaka stock market DSEX, DSES, and DS30 increased in the morning.
The main index DSEX increased by 9.15 points to 5,213.93 points, the DSES Shariah index rose by 1.32 points to 1167.62 points, and the DS30 special blue-chip index rose by 5.53 points to 1937.21 points during the first 1.0 hour on Monday.
DSEX index gains 30.24 points in early trading
On the day, the trading record in the DSE shows that shares and units of 2.81 crore were exchanged through 27071 transactions.
In the first hour, the market witnessed huge selling pressure, and shares and mutual funds worth Tk 82.9 crore were traded.
DSEX trading ends the day in upward trend
During this time, a total of 372 companies participated in trading. Among these, prices of 189 companies increased, 90 companies decreased and 93 companies remained unchanged at the DSE.
4 months ago
DSE benchmark index rises by 14.48 points
Dhaka Stock Exchange (DSE), the country's main capital market, saw an upward trend in the first hour on Thursday.
The trading record in the DSE shows shares and units of 3.16 crore were exchanged through 3028 transactions.
Stock market: Trading ends on downtrend; index falls by 42.33 points
Shares and mutual funds worth Tk 89 crore were traded during the time.
A total of 364 companies participated in trading.
Among these, prices of 198 companies increased,85 companies decreased and 81 companies remained unchanged at the DSE.
DSE benchmark index drops by 10.71 points as 171 companies’ price fell in 1 hours
The main index DSEX decreased by 14.48 points to 5138.98 points, the DSES Shariah index decreased by 4.63 points to 1146.74 points and the DS30 special blue chip fell by 5.12 points to 1894.54 points during the first one hour on Thursday.
4 months ago
DSE benchmark index up 5.36 points; Tk 113.8 crore traded in 1:30 hrs
The Dhaka Stock Exchange (DSE), the country's main capital market, saw an upward trend in the first 1:30 hour on Thursday.
Though the market showed an upward trend, the trading pace was slow in the morning in the DSE.
Shares and units of 5.08 crore were exchanged through 40001 transactions. In this time, shares and mutual funds worth Tk 113.8 crore were traded.
DSE index climbs for third straight day, gains 12.32 points
A total of 368 companies participated in trading. Among these, prices of 151 companies increased, 131 companies decreased and 86 companies remained unchanged at the DSE.
The main index DSEX increased by 5.36 points to 5243.73 points, the DSES Shariah index was up by 1.64 points to 1173.89 points, and the DS30 special blue chip rose by 0.52 points to 1924.40 points during the first 1:30 hour on Thursday.
4 months ago