Stocks
DSE Ends the Year with the Turnover surge by 40%
For over a year, the financial indicators of the country’s stock market have shown relative stability. A significant portion of company share prices remains stagnant. Additionally, there’s a continuous decline in transaction volumes in the stock market. However, in December of the current year, daily average transactions in the stock market have witnessed a 40% increase compared to the same period last year. These insights emerge from EBL Securities’ monthly analysis of the stock market in Bangladesh.
According to the market analysis, daily average transactions on the Dhaka Stock Exchange (DSE) reached 4 crore 90 lakh dollar in December this year. In contrast, transactions in December of the previous year amounted to $35 million. This represents a notable increase of $10.4 million or 40% in daily average transactions during the same period last year.
The DSE data further reveals that in the past year, the market witnessed trading on 244 business days, resulting in the exchange of shares and units worth Tk 1.41 trillion. The average daily turnover stood at Tk 578 crore 71 lakh. However, the highest single-day transaction reached an impressive Tk 1 thousand 255 crore 68 lakh.
Analyzing the market’s recent performance, the DSE index, known as DSEX, stood at 6,207 points in December last year. In the current December, the index holds its position at 6,246 points. This indicates a marginal increase in the DSEX by 39 points during the same period.
EBL Securities’ monthly market review also points out that the December 2022 transactions on the DSE reached 3 crore 50 lakh dollars. Subsequently, in January, this amount increased to $490 million. However, there was a slight decline in February, settling at $430 million. In March, the daily average transactions surged to $450 million, reaching the highest monthly transaction amount for the year. It rose slightly to $540 million in April. Last May, there was an average daily transaction of 820 million dollars. Which is the highest monthly transaction in the year 2023.
Market analysts suggest that the renewed confidence among investors is partly due to the anticipation of a second installment release of the IMF loan. This has led to a slight increase in investments, and the market is expected to further improve after the upcoming national parliamentary elections.
In the closing weeks of the current year, both the DSEX index and daily transactions have witnessed a slight dip. However, the overall market capitalization has increased. In the weekly market analysis, it is observed that the DSEX index has decreased by 0.04% or 79 points, settling at 6,246 points. Similarly, the Shariah index (DSES) has decreased by 0.10%, reaching 1,364 points.
In conclusion, the market is experiencing a dynamic phase with fluctuations in daily transactions and index values. Investors are cautiously optimistic, awaiting the potential positive impact of upcoming events on the stock market.
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
