DSE
Dhaka stock market declines for fourth consecutive day
The Dhaka Stock Exchange (DSE) witnessed a downturn for the fourth consecutive day, with key indices continuing to fall throughout the trading session on Wednesday.
Most listed companies saw a decline in share prices as the market struggled to regain momentum.
All major indices of the DSE closed in the red, with the benchmark DSEX index dropping by 13 points. The Shariah-compliant DSES index fell by 7 points, while the blue-chip DS30 index declined by 0.67 points.
DSE index declines while CSE sees gains in first hour
Out of the 395 traded companies, the share prices of 206 declined, while 124 advanced, and 65 remained unchanged.
Category-Wise Performance:
· A-category: 93 companies saw a price decline, 80 recorded gains, and 43 remained unchanged.
· B-category: 62 companies’ shares fell, 22 rose, and 5 stayed unchanged.
· Z-category: 49 companies experienced a drop, while 21 advanced, and 17 remained stable.
· Among the traded mutual funds, 19 remained unchanged, while 10 declined and 8 gained in value.
Block Market Transactions
In the block market, shares of 29 companies amounting to 2.91 million units were traded for Tk 4.36 crore.
Declining Turnover
Alongside the declining indices, turnover on the DSE also dropped. Total trading volume stood at Tk 314 crore, compared to Tk 328 crore the previous day.
Stock Market Slump: DSEX index falls by 40 points in three days
SME Sector Performance
The DSE SME index (DSME) saw marginal growth of less than 1%. Within this sector, 11 companies’ share prices fell, 8 increased, and 1 remained unchanged. Despite the downturn in prices, overall trade in this segment saw a slight rise, with turnover reaching Tk 7.74 crore, up from Tk 7.48 crore the previous day.
Top Gainers and Losers
Despite the overall market slump, Hakkani Pulp & Paper Mills recorded the highest gain, with its share price surging by 9.81%. Conversely, Premium Cement Mills PLC faced the steepest decline, with its stock losing 9.8% of its value.
Chittagong Stock Exchange
The bearish trend was also reflected in the Chittagong Stock Exchange (CSE), where the overall index fell by 43 points. Of the 191 companies traded, 97 saw a decline, 69 gained, and 25 remained unchanged. Additionally, trading volume in the CSE fell sharply, with turnover declining from Tk 10 crore the previous day to Tk 4 crore on Wednesday.
The continuous slump in the stock market highlights ongoing investor concerns, with analysts monitoring the trend closely to assess future market movements.
1 day ago
Indices rise in early trading in stock markets
The key indices of both the Dhaka and Chattogram stock exchanges witnessed gains during the first hour of trading on Tuesday (28 January), reflecting an upward trend in the country’s capital market.
Share prices of most companies also increased during this period.
At the Dhaka Stock Exchange (DSE), the benchmark index DSEX rose by 14 points within the first hour of trading. Among the other indices, the Shariah-compliant DSES advanced by 3 points, while the blue-chip DS30 index gained 2 points.
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The turnover at the DSE during the first hour stood at Tk 71 crore. Of the traded securities, 222 companies saw price increases, 56 registered declines, and 87 remained unchanged.
Similarly, the upward momentum was evident at the Chattogram Stock Exchange (CSE), where the overall CASPI index climbed by 25 points during the initial hour.
At the CSE, prices rose for 31 companies, declined for 8, and remained unchanged for 7. The turnover at the CSE during this period totalled Tk 47 lakh.
All indices fall in Dhaka Stock Market in the first hour
Investors appear optimistic, buoyed by the morning gains across both exchanges. However, analysts advise caution, noting that intraday fluctuations can alter market dynamics later in the day.
2 days ago
Indices fall amid increased trading in stock markets
Despite a decline in indices in both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE), trading demonstrated an improvement on Monday compared to the previous day.
From the first hour of trading, indices at both stock exchanges began to fall.
While investors feared a major slump, the DSEX, the DSE's benchmark index, eventually declined by just 2 points by the end of the session.
The other two indices, DS30 and the Shariah-compliant DSES, remained largely unchanged.
The CSE's broad index fell by 29 points, but trading volume increased by Tk 19.13 crore compared to the previous session. By the close of trading, shares and units worth Tk 32 crore were traded on the CSE.
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Among the day’s transactions, prices increased for 64 companies, decreased for 105 and remained unchanged for 20.
On the DSE, 399 companies participated in trading. Of these, 140 saw price increases, 178 faced declines, and 81 remained unchanged. Among the listed companies:
· A category: Prices rose for 79 companies, fell for 104, and remained unchanged for 37.
· B category: Prices increased for 25 companies, decreased for 49, and stayed the same for 16.
· Z category: Prices improved for 32 companies, declined for 25, and remained unchanged for 28.
· Z category companies performed comparatively well despite the overall index decline.
Mutual funds saw mixed results, with prices increasing for 6, decreasing for 16, and remaining stable for 15.
Stock markets open with decline in Dhaka and Chattogram
In the block market, 37 companies traded 41.96 lakh shares worth Tk 35.18 crore.
Overall, the DSE recorded total transactions of Tk 344 crore, reflecting a Tk 26 crore increase compared to the previous day.
Top Movers and Decliners
Sharp Industries PLC led price gains on the DSE with a 9.8% increase in its share price. On the other hand, Express Insurance Limited experienced the steepest decline, with its share price falling by over 6%.
Dividend Payouts
Nine companies distributed dividends for the third quarter of the previous year. Among them, Sonali Paper and Board Mills Limited declared a 40% dividend per share. Over the past month, the company's share price ranged between Tk 595 at its peak and Tk 121.20 at its lowest. On Monday, its shares closed at Tk 132.
Other notable dividend payouts included:
· Crown Cement PLC: 21%
· Unique Hotel and Resorts PLC: 16%
· Argon Denims Limited: 10%
· Apex Tannery Limited: 5%
· Munnu Agro and General Machinery Limited: 3%
· Evince Textile Limited: 2.50%
· Rangpur Dairy and Food Products Limited: 2%
· Legacy Footwear Limited: 1%
The DSE also approved the renaming of Best Holdings Limited to Best Holding PLC.
3 days ago
Stock markets open with decline in Dhaka and Chattogram
The week began on a bearish note for both the Dhaka and Chattogram stock exchanges as all major indices experienced a decline during the first hour of trading on Sunday.
Alongside the falling indices, the prices of the majority of listed companies also dropped.
At the Dhaka Stock Exchange (DSE), the benchmark DSEX index fell by 10 points in early trading. Among the other indices, the Shariah-compliant DSES index dropped by 3 points, while the blue-chip DS30 index decreased by 7 points.
During the first hour, the DSE recorded a transaction value of Tk 72 crore.
Indices rise in Dhaka Stock Exchange, significant fall in Chattogram
Of the companies traded, 121 saw their share prices rise, 133 experienced a decline, and 103 remained unchanged.
Similarly, the Chattogram Stock Exchange (CSE) also witnessed a downward trend, with its overall index falling by 44 points. The CSE reported a total transaction value of Tk 71 lakh during the same period.
DSE sees sharp fall as most stocks suffer price drops
Of the traded companies, share prices rose for 21, declined for 16, and remained unchanged for 9.
Market analysts believe the decline in early trading reflects cautious investor sentiment amid ongoing economic uncertainties.
4 days ago
DSE sees sharp fall as most stocks suffer price drops
The Dhaka Stock Market, which began the day with an upward trend, ended with a significant decline across all major indices.
By the close of trading on Wednesday, all three major indices had dropped, with the prices of most companies’ shares also falling.
The primary index, the DSEX, decreased by 25 points. The other two indices, the Shariah-based DSES and the blue-chip DS-30, dropped by 6 points and 5 points, respectively.
Stock market trading sees Uptrend in Dhaka; Chattogram index declines
During the first hour of trading, the DSEX had peaked at 5,212 points but ended the day at 5,177 points. In total, 396 companies participated in the trading, with 12.62 million shares exchanged in 133,417 transactions.
Among the companies listed for trading, the prices of 92 increased, while 247 saw a decline, and 57 remained unchanged.
In the 'A' category, 56 companies saw price rises, while 129 experienced price falls, and 32 remained unchanged. In the 'B' category, 20 companies saw price increases, 61 saw price decreases, and 6 remained stable.
In the 'Z' category, which includes underperforming companies, 20 companies saw their prices rise, while 61 saw declines, with 6 remaining unchanged. New issue stocks in the 'N' category saw one company’s price rise, while three experienced price drops.
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Among the 37 mutual funds traded, 4 saw their prices increase, 15 saw a decrease, and 18 remained unchanged. Both of the corporate bonds listed on the DSE saw price declines.
In corporate news, Far Chemical Industries Limited paid a 1% dividend for its third-quarter results last year. Due to this, the company was moved from the 'Z' category to the 'B' category.
The DSE has instructed merchant banks and brokerage houses not to provide loans for the purchase of the company's shares.
Similarly, National Tubes Limited and Sharp Industries PLC also distributed dividends, but since they did not meet the designated dividend criteria, the DSE has issued similar instructions regarding loans for purchasing their shares. Both companies were moved from the 'Z' category to the 'B' category.
On a positive note, Dutch-Bangla Bank has been granted permission by the Bangladesh Securities and Exchange Commission (BSEC) to issue subordinated bonds worth BDT 1,200 crore.
The issuance is aimed at capital enhancement in compliance with Basel III international standards.
The bonds will be non-convertible, redeemable, and unsecured, with each bond priced at BDT 1 crore.
Stock Market: Indices surge as most company stocks gain in early trading
Among individual stocks, Bongoj Limited topped the list for price increases, with a 10% rise in its share price. On the other hand, Renwick Jajencsware’s share price saw the largest drop, falling by nearly 7%.
In the DSE’s block market, 30 companies saw 4.846 million shares change hands in 82 transactions, amounting to BDT 35.39 crore in total trades.
Compared to the previous day, the overall market turnover at the DSE dropped by BDT 8.6 crore, with total transactions amounting to BDT 413 crore.
However, despite the overall market downturn, the DSE’s SME sector saw a rise in its index, which increased by 12 points, or 1.13%, compared to the previous day. Along with the rise in the index, turnover in the SME market also grew, reaching BDT 12.87 crore, up from the previous day's BDT 9.53 crore.
In the Chittagong stock market, the index rose by 5 points, but again, the prices of most shares declined. Out of the 189 companies listed for trading, the prices of 103 companies fell, while 66 companies saw their prices increase, and 20 remained unchanged.
Total transactions in Chittagong increased by BDT 9 lakh, reaching BDT 5.44 crore.
The continued fluctuation in the stock market has left investors uncertain as they await further guidance from market regulators.
1 week ago
Dhaka stock market sees uptrend after five days of decline
After five consecutive days of decline, the Dhaka stock market finally saw an upward trend on the first trading day of the week.
On Sunday, the Dhaka Stock Exchange's (DSE) key index, the DSEX, rose by 11 points, reaching 5,145 points by the end of the trading session.
Both the Shariah-based index (DSES) and the selective blue-chip index (DS-30) also saw gains. The DSES increased by 4 points, while the DS-30 rose by 8 points.
Stock market opens on a positive note, majority companies see gains
Throughout the day, most companies saw their share prices rise. In total, 172 companies recorded price increases, while 160 companies saw a decline, and 64 companies' prices remained unchanged.
Out of 217 shares in the 'A' category, 114 saw price increases, 65 experienced declines, and 38 remained steady. In the 'B' category, 30 stocks saw price hikes, 46 recorded decreases, and 13 remained unchanged.
Despite the overall index increase, shares in the 'Z' category, however, largely saw declines. Among 86 shares in the Z-category, 26 experienced price increases, 48 saw declines, and 12 remained unchanged.
Most mutual fund stocks saw no price change, with 18 of the 37 mutual funds remaining stable, 6 experiencing price increases, and 13 recording price decreases.
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The Dhaka Stock Exchange (DSE) has sought an explanation from Khulna Printing and Packaging, a company in the Z category that has frequently topped the trading list.
Over the last four months, the company's shares, which were priced at Tk 7, have surged to Tk 59 per share.
The company responded, asserting that it is not spreading any rumours, and that the price increase is a result of market-driven trading.
In terms of trading volume, there was an uptick in transactions. On Thursday, 16th January, the total turnover stood at Tk 363 crore, which increased by Tk 5 crore to reach Tk 368 crore on Sunday.
While all indices in the DSE showed increases, the SME sector saw a drop. The SME Index (SMEX) declined by 7 points, with total trading in the SME sector reaching Tk 8.51 crore, down from Tk 8.62 crore on the previous day.
Along with Dhaka, the Chittagong Stock Exchange (CSE) also witnessed a rise in its index, although trading volume decreased.
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The CSE's CSCX index rose by 6 points, with total trading amounting to Tk 3.26 crore, a decrease from the previous day's Tk 4.72 crore.
At the close of trading, 85 companies saw their prices rise, 81 experienced declines, and 29 remained unchanged on the CSE.
1 week 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
Stocks open strong but close lower on Dhaka bourse
Despite starting the day on a positive note, the Dhaka Stock Exchange (DSE) ended Tuesday's trading session with a slight decline in its key index, DSEX, which dropped by 1 point compared to the previous day.
In the first hour of trading, the DSEX index rose to 5,191 points. But the momentum could not be sustained and the index had fallen to 5,150 points by the close of trading.
The decline was also reflected in the blue-chip index, DS30, which decreased by 1 point.
The Shariah-compliant DSES index, however, showed a slight improvement, gaining 1 point to reach 1,904 points.
Stock Market falls in both Dhaka and Chattogram
The day's turnover also saw a drop, with a total transaction value of Tk 351 crore.
This marks a decline of Tk 46 crore from the previous day, as 1.29 lakh shares worth Tk 13.5 crore changed hands during the session.
Despite the fall in indices, the prices of 181 companies rose, while 131 witnessed a decline, and 84 remained unchanged.
The downward trend persisted in the SME sector of the DSE, with the SME index falling by 10 points. But turnover in this segment increased by Tk 2 crore compared to the previous day, totalling Tk 6.9 crore.
Similarly, the Chittagong Stock Exchange (CSE) also experienced a downturn. The CSCX index fell by 9 points at the end of trading. A total of 72 companies saw price declines, 85 gained, and 30 remained unchanged on the CSE.
While the markets experienced mixed outcomes, investor sentiment remains cautious amid fluctuating turnover and index movements.
2 weeks ago
DSEx and DS30 indexes slide while DSES up by 4.16 points in 1st hour
The Dhaka Stock Exchange (DSE), the country's main capital market, saw a decline in trading in the first hour on Sunday.
The 3 indexes of the Dhaka stock market DSEX and DS30 decreased while Shariah index DSES increased in the morning.
The main index DSEX decreased by 0.01 points to 5,194.42 points, the DSES Shariah index up by 4.16 points to 1166.10 points, and the DS30 special blue-chip index fell by 2.85 points to 1921.41 points during the first hour on Sunday.
Read: DSEX gains 9.42 points; 400 companies participate in trading
On the day, the trading record in the DSE shows that shares and units of 3.27 crore were exchanged through 31872 transactions. In the first hour, the market witnessed huge selling pressure, and shares and mutual funds worth Tk 101.9 crore were traded.
During this time, a total of 372 companies participated in trading. Among these, prices of 142 companies increased, 146 companies decreased and 84 companies remained unchanged at the DSE.
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