Dhaka Stock Exchange
DSE index declines while CSE sees gains in first hour
The Dhaka Stock Exchange (DSE) witnessed a decline in all its indices during the first hour of trading, whereas the Chittagong Stock Exchange (CSE) recorded a slight gain.
But share prices of most companies fell across both markets.
DSE Performance
In the first hour of trading, the DSE’s benchmark index, DSEX, dropped by 11 points. Among the other indices, the Shariah-based DSES declined by 6 points, while the blue-chip DS30 fell by 3 points.
Read: Stock Market Slump: DSEX index falls by 40 points in three days
The DSE recorded a total turnover of Tk 76 crore during this period. Out of the traded stocks, 117 companies saw their share prices increase, while 151 declined, and 99 remained unchanged.
CSE Performance
Conversely, the CSE's overall index rose by 5 points in the first hour of trading.
At the CSE, the share prices of 19 companies increased, while 24 declined, and 6 remained unchanged. The total turnover stood at Tk 55 lakh.
Despite the mixed performance in indices, the broader market sentiment remained cautious as investors assessed market trends.
1 day ago
Major slump hits both Dhaka, Chattogram stock markets on opening day
The Dhaka Stock Exchange (DSE) and Chattogram Stock Exchange (CSE) faced significant downturns on the first trading day of the week, with the CSE recording higher transaction volumes while the DSE experienced a decline in trading activity.
From the first hour of trading on Sunday, indices at both markets began to plummet, ending the day with substantial losses.
The DSE’s key index, DSEX, dropped by 34 points, whiles the CSE’s overall index declined by 65 points.
DSE sees sharp fall as most stocks suffer price drops
At the DSE, of the 403 traded companies, share prices fell for 261, rose for 75, and remained unchanged for 67. Similarly, in the CSE, of the 188 companies traded, 103 saw price drops, 55 experienced gains, and 30 remained unchanged.
Trading volume at the DSE fell by Tk 38 crore compared to the previous session, with a total transaction value of Tk 318 crore, down from Tk 356 crore. In contrast, trading at the CSE increased by Tk 7 crore, reaching Tk 12.88 crore, up from Tk 5.67 crore in the prior session.
Among the traded sectors at the DSE:
· A-category stocks: Of 224 companies, 147 saw declines, 36 recorded gains, and 41 remained unchanged.
· B-category stocks: Prices dropped for 59 companies, rose for 23, and stayed unchanged for 23.
· Z-category stocks: 52 companies saw declines, while prices increased for 15, with 18 remaining unchanged.
· The mutual fund segment also faced challenges, with 21 funds declining in value, three increasing, and 13 staying static.
· In block market transactions, 15 companies traded 32,26,394 shares worth Tk 18.32 crore.
Sectors That Struggled
Notably, no price increases were recorded in the cement, ceramics, telecommunications, and jute sectors. In the banking sector, prices of 16 companies fell, while 17 remained unchanged. In the pharmaceutical sector, prices dropped by 1.25%, with seven companies seeing gains and 27 experiencing declines.
Sectors That Held Up
The technology, real estate, textile, and tourism sectors showed some resilience. In the IT sector, both listed companies recorded gains.
Dividend Announcements
Six companies at the DSE have distributed dividends for the third quarter of the previous year. Additionally, National Tea Company Limited announced a dividend for its investors.
Top Performers and Laggards
Shahjibazar Power Company Limited topped the gainers’ list, with its share price rising by 6.28% in a single day. On the other hand, Keya Cosmetics faced the steepest decline, with its share price falling by 10%. The company attributed the drop to insufficient capital, which led to a temporary shutdown of its factory, although other operations remain active.
Continued Slump in SME Sector
The SME sector at the DSE also continued its downward trend, with the index dropping by 17 points in a single day.
Among the 18 listed companies in this segment, 13 recorded declines, four saw gains, and one remained unchanged.
DSE sees sharp fall as most stocks suffer price drops
This market performance reflects the ongoing challenges facing the stock market as investors remain cautious amidst economic uncertainty.
4 days ago
DSEX index gains over week, but banking sector remains weak
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), increased by 33 points over the past week, but the banking sector failed to regain momentum despite the rise in the index.
A weekly analysis of the DSE report reveals that during the five trading days, both the share prices and turnover in the banking sector declined.
The prices of shares of the 36 listed banks dropped by an average of nearly 5%.
Besides, turnover in the sector decreased by 8% compared to the previous week, reflecting waning investor interest.
Previously regarded as a safe investment, the banking sector has been losing the trust of general investors due to a persistent decline in its performance.
Over the past week, the number of shares traded in this sector dropped by 11.89%.
Read: Stock market was neglected for 15 years: DSE Chairman
Alongside this, most shares linked to S. Alam Group saw a downward trend throughout the week.
Apart from banking, the financial institutions sector also experienced a significant decline, with share prices falling by 29.85% during the week.
6 days ago
Dhaka, Chattogram stock markets fall on week’s last trading day
The Dhaka Stock Exchange (DSE) and Chattogram Stock Exchange (CSE) closed lower on Thursday, with major indices declining as most traded companies saw share prices falling.
The benchmark DSEX index of the Dhaka Stock Exchange fell by 10 points, closing lower for the day.
The Shariah-compliant DSES index dropped by 4 points, while the blue-chip DS-30 index declined by 6 points.
Out of 398 companies traded, 204 saw price declines, 105 posted gains, and 89 remained unchanged. A-category stocks performed similarly, with prices rising for 53 companies, falling for 119, and remaining static for 46.
In B-category stocks, prices increased for 29 companies, declined for 47, and stayed unchanged for 15. Among Z-category stocks, 23 companies recorded gains, 34 posted losses, and 28 remained unchanged.
Newly listed N-category stocks also suffered, with prices of all four companies declining.
Mutual funds fared slightly better, with 5 funds gaining value, 10 declining, and 22 remaining static. Meanwhile, one of two corporate bonds traded experienced a price increase, while the other saw a decrease.
Indices rise in Dhaka Stock Exchange, significant fall in Chattogram
In block market transactions, 29 companies traded 2.1 million shares with a total turnover of Tk 8.96 crore.
Sectoral Overview
The textile sector showed resilience, posting a 2.14% increase in prices. Banking, cement, and corporate bonds also saw slight gains. However, significant losses were recorded in the paper, IT, real estate and telecommunications sectors.
Of the 36 listed banks, 7 registered price gains, 10 experienced losses, and the remainder were unchanged. Midland Bank led the gainers in the banking sector, while Global Islami Bank topped the list of decliners.
Top Movers
Malek Spinning Mills emerged as the top gainer on the DSE, with its share price rising by 9.6%. In contrast, Oimex Electrode was the biggest loser, with its price dropping by 9.33%.
Turnover on the DSE decreased by Tk 57 crore compared to the previous day, with total transactions amounting to Tk 356.26 crore, down from Tk 413 crore.
CSE Performance
The Chattogram Stock Exchange mirrored the DSE's decline, with its overall index falling by 69 points. Among the 192 companies traded, 59 recorded gains, 104 experienced losses, and 29 remained unchanged.
CSE extends trading hours, faces opposition from brokers’ association
The CSE saw a total of 2.02 million shares traded in 1,802 transactions, with a turnover of Tk 5.67 crore.
Dividend Distribution
Seven companies distributed their declared dividends for the third quarter of 2024 on Thursday, though most dividends were lower compared to the same period in 2023.
ACI Limited declared a 20% dividend, down from 40% last year. United Power Generation and Distribution Company offered a 60% dividend, a decline from the 80% provided in 2023.
Other companies distributing dividends included Simtex Industries Limited and ADN Telecom Limited, both offering 10%, while Bengal Windsor Thermoplastic, Saiham Cotton Mills, and Saiham Textile each provided 5%.
Market Outlook
The week's closing trading session reflects ongoing volatility in both the Dhaka and Chattogram stock markets. While some sectors, like textiles, showed positive trends, the overall market sentiment remains subdued, with declining turnovers and broad-based losses across indices.
1 week ago
Indices rise in Dhaka Stock Exchange, significant fall in Chattogram
The Dhaka Stock Exchange (DSE) witnessed a rise in indices during the first hour of trading today, while the Chattogram Stock Exchange (CSE) faced a sharp decline.
On Thursday, the DSE's key index, DSEX, increased by 10 points within the first hour of trading.
Among the other indices, the Shariah-based DSES rose by 2 points, while the DS30, the blue-chip index, climbed by 1 point.
During this period, the DSE recorded a trading turnover of Tk 90 crore.
Read: DSE sees sharp fall as most stocks suffer price drops
Of the traded companies, share prices increased for 202, decreased for 72, and remained unchanged for 76.
In contrast, the CSE experienced a notable dip in its key index, the CSE All Share Price Index (CASPI), which fell by 32 points at the start of the day.
The CSE’s trading turnover in the first hour amounted to Tk 79 lakh.
Of the traded companies, share prices rose for 28, declined for 26, and remained unchanged for 7.
The contrasting trends in the two stock exchanges reflect a mixed start to the trading day across the country.
1 week ago
Stock market ends week amid fall
The Dhaka stock market ended the week with a decline in the index for all five trading days.
On Thursday, the benchmark index of the Dhaka Stock Exchange (DSE), the DSEX, fell by 8 points, closing at 5,133 points.
The blue-chip DS-30 index decreased by 4 points, while the Shariah-based DSES index dropped by 6 points.
Compared to the previous day, trading volume was reduced by Tk 43 crore. A total of 1,29,000 shares, worth Tk 363 crore, changed hands through 14.83 million transactions.
Along with the index decline, the share prices of most companies also fell. But 141 companies saw price increases, while 196 experienced price drops, and the share prices of 62 companies remained unchanged.
Among the companies in DSE's A-category, out of 220, 88 saw price increases, 96 saw price declines, and 36 remained unchanged.
In the B-category, 88 companies recorded price increases for 24 companies, while 53 saw price drops, and 11 stayed constant.
In the Z-category, 86 companies had 26 with rising prices, 46 with falling prices, and 14 that remained unchanged. Most mutual funds also saw a drop in their share prices. Out of 37 mutual funds, 7 experienced price increases, 12 had decreases, and 18 remained the same.
On Thursday, the DSE moved C & A Textile Company from the B-category to the Z-category.
A directive was issued to brokerage houses and merchant banks to refrain from providing any loans for purchasing shares of this company.
In another development, IFAD Autos PLC paid its dividend to investors for the July quarter of last year. This marked the lowest dividend payout by IFAD in the last decade, offering just 1% per share.
The downward trend continued in the Chittagong stock market as well. The Chittagong Stock Exchange's (CSE) CSE-50 index fell by 3.43 points, and the CSE-30 index dropped by 55.31 points, ending at 1,096.35 and 11,759.50 points, respectively.
Besides, the CSI index dropped by 5.14 points, closing at 934.59 points.
Alongside the decline, trading volume also decreased on the CSE.
Continuous decline in stock indices for four days
Compared to the previous day, turnover dropped by Tk 4.68 crore as the total turnover for the day was Tk 4.72 crore, down from Tk 9.40 crore in the previous trading session.
Out of the 178 companies and mutual funds listed on the CSE, 57 experienced price increases, 96 saw declines, and 25 remained unchanged.
Stock market sees early gains on week's final trading day
2 weeks ago
Continuous decline in stock indices for four days
The Dhaka Stock Exchange (DSE) witnessed its indices fall for the fourth consecutive day on Wednesday despite an increase in transactions.
At the close of trading, the DSEX, the prime index of the DSE, dropped by 8 points.
The blue-chip index DS30 fell by 6 points, while the Shariah-based DSES index declined by 1 point.
Out of the traded companies, share prices increased for 145 companies, decreased for 182 and remained unchanged for 69.
Rise in Turnover
Despite the drop in indices, turnover increased by Tk 55 crore compared to the previous day. A total of 1.43 lakh shares changed hands 1.69 crore times, resulting in a total turnover of Tk 406 crore.
Stock market opens on a positive note, majority companies see gains
Performance by Categories
In the A-category, comprising 217 companies, the prices of 54 shares rose, 127 fell, and 36 remained unchanged.
In the B-category, out of 89 companies, 41 witnessed price increases, 35 recorded declines, and 13 remained stable.
In the Z-category, involving 85 companies, 47 saw price hikes, 19 recorded falls, and 19 remained unchanged.
Dividend Declarations
Two DSE-listed companies announced dividend distributions to investors. GPH Ispat and JMI Syringes & Medical Devices declared 10% dividends each for their investments in 2024.
Downgrades to Z Category
The DSE has downgraded three companies—Sonali Life Insurance, Union Bank, and Sea Pearl Beach Resort—from the A-category to the Z-category.
Additionally, brokerage houses and merchant banks have been directed not to extend margin loan facilities for purchasing shares of these Z-category companies.
Stocks open strong but close lower on Dhaka bourse
Chattogram Stock Exchange Also Affected
The bearish trend was mirrored at the Chattogram Stock Exchange (CSE), where the CSCX index fell by 5 points. Of the 193 companies traded, 85 recorded price increases, 81 saw declines, and 27 remained unchanged.
Market Sentiment
The persistent decline in indices has raised concerns among investors, despite the uptick in transaction volumes.
Market analysts suggest that the downgrades and cautionary measures imposed by the exchanges may have contributed to the cautious sentiment.
Investors are urged to monitor developments closely and exercise prudence in investment decisions.
2 weeks ago
DSE witnesses a sluggish trading at start of New Year
The Dhaka Stock Exchange (DSE) witnessed sluggish trading activity, leading to a decline in the benchmark index in the first week of the new year.
Market sentiment has yet to rebound from its prolonged depressed state in the absence of any strong positive catalyst to revive investor confidence.
Despite a cautious sense of optimism among investors surrounding the finance adviser's meeting with capital market stakeholders, such optimism failed to sustain due to a lack of any concrete commitments that can restore the market's waning momentum.
Moreover, concerns over higher inflation following the potential increase of VAT on certain goods and services also triggered further caution over the market's momentum.
DSEX index gains 4.7 points in early trading
Investors remained largely reluctant to make new investments in stocks due to the bleak market outlook amid the confidence crisis, said a leading stockbroker.
Consequently, the market witnessed a dominant sell pressure and three trading days ended lower while two sessions managed to close positive.
DSEX, the broad index of the Dhaka Stock Exchange, lost 5.2 points, or 0.1%, to settle at 5,194 points. Investor participation in the market also declined by 0.4% to Tk 3,466 million as compared to Tk 3,481 million in the previous week.It gained 15 points in the week before.
DSEX index down by 5.77 points, prices of 214 stocks drop
The blue-chip DS30 index, a group of 30 prominent companies, also fell nearly 7 points to 1,924. However, the DSES index, which represents Shariah-based companies, rose almost 7 points to close at 1,162.
Investors were mostly active in the Bank sector (17.9%), followed by the Pharma sector (13.7%) and the Engineering sector (9.1%). Sectors ended in mixed with the IT sector (4.3%) being the highest gainer and the Ceramic sector (2.8%) being the biggest loser.
This week, the blue-chip stocks having significant influence on the DSE broad index experienced correction. Price erosion of selective stocks such as Islami Bank, Al-arafah Islami bank, BAT Bangladesh, BRAC bank and LafargeHolcim jointly accounted for a 22-point fall in the key index.
Islami Bank, which plunged 3.54 percent this week, contributed a 12.9-point fall to the key index alone. The bank's stock closed at Tk 49.10 on Thursday.
Al-Arafah Islami Bank, another blue chip stock, also accounted for 3.10 point fall of the prime index while BAT Bangladesh and Brac Bank accounted for 3.1 points and 2.5 points respectively to the key index.
Turnover, a crucial indicator of the market, stood at Tk 1733 crores this week, up from Tk 1392 crores the previous week, as this week saw five trading days instead of previous week's four.
Consequently, the average daily turnover dropped by 0.44 percent to Tk 346 crores, down from Tk 348 crores in the previous week
Saiful Islam, president of DSE Brokers Association of Bangladesh (DBA), told UNB that the regulator has to take effective initiatives to boost investors’ trust.
He said the general investors lost the trust in the market due to the long negligence of building a sustainable stock market.
2 weeks ago
Stock market was neglected for 15 years: DSE Chairman
The capital market was neglected, and even stakeholders failed to hold a single meeting for past 15 years to solve the problems and make policies for turning it sustainable as a source of investment, said Mominul Islam, chairman of Dhaka Stock Exchange (DSE).
He was speaking at a press conference on ‘Present Situation of Stock Market and Way Forward’ at Dhaka Club on Thursday.
DSEX index down by 5.77 points, prices of 214 stocks drop
He said, “The capital market has contracted drastically, failing to play the role it was supposed to play in the financial sector. The irregularities and inefficiency we have nurtured for a long time have kept the capital market from being positive.”
The DSE chairman said, “In the last 10 years, a weak IPO market worth Tk 650 crore has come. Good companies are coming in a very few. The number of investors in the market has come down by half in the last 10 years. There are even fewer active investors.”
He highlighted that one of the units to measure the quality of the capital market is the amount of foreign investment. Currently, the amount of foreign investment has come down to below 1.0 percent.
DSEX index gains 28.4 points as 294 stocks advance in early trading
Although the amount of corporate bonds is shown to be one percent, in reality, it is not more than 0.51 percent. New IPOs, corporate bonds, and mutual funds are the new priority in the market, he pointed out.
The capital market will hold the position of leading and coordinating skilled and trained manpower that will be needed to take the DSE forward.
“We are recruiting manpower with full leadership qualities. We hope that the confidence in the market will be better than before, and investors will come back again. IT security audit is very important. We are revitalizing the DSE website, especially working to digitize the IPO. The bond market is also a management problem, we are working in coordination with the BSEC,” added the DSE chief.
In response to a question, he said, "If the protection of DSE is legal, we will be able to work independently. We do not want CCBL to exist. BSEC, DSE, and CCBL will be respected and are working on this. We give importance to efficiency in recruiting manpower."
Chittagong Stock Exchange (CSE) Chairman AKM Habibur Rahman said, "The Bangladesh Securities and Exchange Commission (BSEC) is not trying to impose anything on us. We are working cooperatively."
DSE Brokers Association (DBA) Chairman Saiful Islam said that there was no good sign in a decade where professional people are involved in the development of the capital market.
However, “Various positive steps have been taken as a result of pressure from various electronic and print media. It is playing a positive role in the market,” he pointed out.
Regarding decentralisation, he said, instead of this everything is being made dependent on the finance ministry.
Many things are being taken from the hands of the primary regulator and taken under the control of the ministry or the financial institution division (FID). As a result, the stakeholders are facing various problems, he said.
3 weeks ago
DSEX index down by 5.77 points, prices of 214 stocks drop
Dhaka Stock Exchange (DSE) ended Wednesday’s trading with a downtrend.
DSE started the day with an upward trend and ended the day with a downtrend again.
According to the trade record, the DSEX (broad index) decreased by 5.77 points to settle at 5,185 points, compared to 5,190.77 points in the previous session. The Shariah-based DSES index fell by 0.54 points to settle at 1158.35 points, and the DS30 blue-chip index decreased by 1.74 points to settle at 1921.00 points.
Govt ownership stake in Grameen Bank could be reduced
A total of 12.73 crore shares and units changed hands through 110925 transactions, while 17.14 crore shares were traded in the previous session.
A total of Tk 307 crore worth of shares and bonds were traded in the DSE on Wednesday which saw a decrease from the previous session of Tk 427.5 crore.
Out of the 396 Companies that participated in trading, 118 advanced, 214 declined and 64 remained unchanged at the DSE.
DSEX index up by 5.98 points and 184 companies’ price advance in first hour
The port city bourse, CSE, also settled with a downtrend. The All Share Price Index (CASPI) decreased by 22.57 points and settled at 14480.3 points.
On the CSE, 183 companies participated in trading. Of them, 79 companies recorded price gains, 77 companies saw declines, and 27 companies remained unchanged.
New conditions imposed at Benapole customs to speed up exports
At the CSE, shares and units of 13.48 lakh changed hands through 1394 transactions on Wednesday. The value of trading shares and units was Tk 4.11crore, which was Tk 6.73 crore in the previous session.
3 weeks ago