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 last working day of the week, 25th July, ended with a hike in Indices and Turnover from the previous working session. This information is known from DSE sources.
497 crore 34 lakh taka shares were traded on this day. 337 crore 97 lakh more tradings were done in DSE today compared to the previous workday, July 24th, Shares worth Tk 159 crores 37 lakh shares were traded last time, Wednesday.
The benchmark DSEX increased 62.81 points or 5,413 The Shariah-based index DSES added 13.81 points or 1,183 and the blue-chip index DS30 gained by 24.25 points or 1,932.
Of the issues traded, 286 advanced, 66 declined and 40 remained unchanged.
Techno Drugs Limited ranked top gainer on DSE, the share price increased by Tk 3.80 paisa or 9.87 percent. On this day, the share was last traded at Tk 42.30 paisa.
Rangpur Foundry Limited ranked top loser on the DSE, the share price dropped by Tk 5.40 paisa or 2.98 percent. On this day, the share was last traded at Tk 175.70 paisa.
DSE topped on trade is Square Pharmaceuticals PLC 35 crore 9 lakh takas of company shares have been traded.
A total of 28 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 82 lakh 94 thousand 29 shares of the companies were traded. The financial value of which is 21 crore 92 lakh taka
One of the listed companies, Eastland Insurance Company Limited discloses its financial reports for the second quarter, (April – June 24).
The company’s earnings per share (EPS) Tk 0.27 paisa in Q2 of the current financial year (April – June 24). EPS was Tk. 0.41 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. NAV per share was Tk. 20.85 as of June 30, 2024.
One of the listed companies, Shahjalal Islami Bank PLC discloses its financial reports for the second quarter, (April – June 24).
The company’s Consolidated earnings per share (EPS) Tk 1.50 paisa in Q2 of the current financial year (April – June 24). Consolidated EPS was Tk. 1.50 for January-June 2024 as against Tk. 1.47 for the same period last year. EPS was Tk 0.80 paisa during the same period last year. Consolidated NAV per share was Tk. 20.85 as of June 30, 2024.
