Chittagong Stock Exchange
Stock market sees increased trading amid constant growth in indexes
The uptrend in the stock market continues, with both the Dhaka and Chittagong stock exchanges reporting increased trading on the third trading day of the week, Tuesday.
Along with the rise in the main indexes, the prices of most companies' stocks and overall trading volume have also surged.
On the Dhaka Stock Exchange (DSE), the main index, DSEX, rose by 8 points. The two other indices—Shariah-based DSES and the blue-chip stock index DS-30—also saw increases, with both rising by 4 points each.
Most stocks on the DSE experienced a price increase. Out of 397 companies that participated in the trading, the stock prices of 182 companies went up, while 138 saw a decrease and 77 remained unchanged.
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In terms of category-wise performance, stocks in the 'A' category, which represents well-performing companies, and 'B' category stocks, representing mid-level companies, saw price hikes.
But the 'Z' category, which includes companies with lower performance, saw a decline in stock prices. Among the 97 companies in this category, 31 saw price increases, while 42 experienced a drop, and 24 companies had unchanged stock prices.
Of the 36 mutual funds that traded, the prices of most remained unchanged. In contrast, 12 mutual funds saw price increases, while 7 experienced a decrease.
In the block market, 29 companies participated in trading, with shares worth 21.67 crore taka being sold. Beach Hatchery led the pack with the highest sales, reaching 7.82 crore taka.
In terms of performance, S Alam Cold Rolled Steels saw a notable price increase of 10%, topping the list, while Summit Power Limited experienced a 6.29% drop, landing at the bottom of the market.
After six consecutive trading days, the total transaction on the DSE has now reached the 400 crore taka mark. The day’s total trading amounted to 412 crore taka in shares and units, a rise from the previous day’s 338 crore taka.
Growth Trend Continues in Chattogram
Alongside Dhaka, Chattogram’s stock market is also experiencing an upward trend in its indexes. On the Chittagong Stock Exchange (CSE), the overall index increased by 35 points.
Out of the 205 companies involved in trading, 102 saw their stock prices rise, while 68 experienced a decrease and 35 remained unchanged.
The total trading volume on the CSE was Tk 11 crore, a significant rise from the previous day's 4 Tk crore.
Among the top performers, Legacy Footwear Limited saw a 10% increase in its stock price, while Phoenix Insurance Limited dropped by 10%, placing it at the bottom of the list.
1 month ago
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.
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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.
2 months ago
Stock market trading sees upward trend
Trading at the Dhaka and Chattogram stock exchanges began with an upward trend on Thursday, the last working day of the week, as share prices of most companies saw gains.
In the first two hours of trading, the benchmark index of the Dhaka Stock Exchange (DSE), DSEX, rose by 10 points.
The Shariah-based DSES index marked a rise by 3 points, while the blue-chip DS30 index saw a rise of 4 points.
At the beginning of trading, share prices increased for 177 companies, declined for 133 and remained unchanged for 79 companies.
Stock markets close with downtrend despite positive start
During the first two hours, shares and units worth over Tk 170 crore were traded on the DSE.
Meanwhile, the overall index of the Chattogram Stock Exchange (CSE) showed a rise by 28 points at the start of trading.
Out of the 110 companies traded on the CSE, share prices rose for 70, declined for 22, and remained unchanged for 18. The total value of shares and units traded surpassed Tk 1.15 crore.
2 months ago
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.
3 months ago
CSE extends trading hours, faces opposition from brokers’ association
Chittagong Stock Exchange (CSE) has announced an extension of its trading hours by 45 minutes with effect from January 26, a decision that has drawn criticism from the DSE Brokers’ Association (DBA).
In a recent notice sent to brokerage houses, CSE said that trading will start at 9:30 am instead of 10:00 am and conclude at 2:35 pm instead of 2:20 pm.
But this adjustment has faced severe opposition from the DBA, which described the move as "highly unconventional and poorly thought out" for a nation functioning under a single time zone.
In a press release issued on Wednesday, the DBA highlighted that both the Dhaka Stock Exchange (DSE) and the CSE facilitate trading of the same securities.
DSE sees sharp fall as most stocks suffer price drops
The synchronisation of trading hours across both exchanges enables investors to evaluate market conditions and execute trades at competitive prices. The DBA argued that the proposed change would create inequity among investors.
Noting that CSE’s trading volume accounts for only about 5% of the national market, the DBA expressed concerns over the limited participation of brokers at CSE, which could disrupt price discovery during early trading hours.
Besides, the DBA warned that separate trading schedules for the two exchanges could lead to operational disruptions, particularly for firms holding dual memberships.
Such a scenario, it said, would foster disorganisation within brokerage houses and adversely impact investor confidence and overall market management.
In its defence, CSE justified the decision as a step towards enhancing liquidity and offering greater flexibility to investors.
Despite the time change at CSE, the DSE has confirmed that its trading hours will remain unchanged.
The decision has triggered a debate within the financial community, raising questions about its potential impact on market dynamics and investor behaviour.
3 months ago
Capital market to follow banking sector's ‘lead’ in operating during lockdown
The capital market will continue its operation in the interest of investors in any situation during the Covid-19 pandemic if the banking activities continue.
The Bangladesh Securities and Exchange Commission (BSEC) said this against the backdrop of the government’s preparation for imposing full lockdown from April 14 next.
A notice posted on the official website of the BSEC said: "[The] capital market will continue operation at [in] the interest of investors in any situation during the pandemic of Covid-19 if the banking activities continue."
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It said all the transactions in the capital market will continue in the interest of investors and urged the investors not to pay heed to any rumor.
According to sources at the BSEC, if the banks remain open during the lockdown, the capital market will also remain open. This instruction has been given to two stock exchanges -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
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They said the commission has instructed the DSE to keep the capital market open if banks are open. The capital market will operate utilising smaller shifts and work-from-home facilities.
Earlier, from March 26 to May 31 last year, transactions in the capital market were closed due to the outbreak of Coronavirus pandemic.
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Robi set to make capital market debut Dec 24
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4 years ago