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DSE Reports Substantial Turnover Growth in the Recent Week

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DSE Bourse Index Capitalization Weekly hikes bull market

Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a massive hike in Turnover, Indices & Market Capitalization, on the other hand, also shows decent gain throughout the whole week. This information was disclosed in the weekly market review from the DSE.

According to sources, (5 working days) the turnover of DSE lost by Tk 3 thousand 890 crore 45 lakh (February 4 – February 8). At the same time, the market capitalization has increased by 16 thousand 419 crore 59 lakh 42 thousand 287 taka.

The benchmark index ‘DSEX’ added by 159.36 points or 2.56 percent, in the outgoing week. At the end of the week, the index stands at 6,373 points. The Shariah-based index ‘DSES’ gained 24.39 points or 1.79 percent and therefore the index stands at 1,387 points. The blue-chip index ‘DS30’ increased by 21.45 points or 1.01 percent, hence the index stands at 2,138 points.

Shares and units worth 8 thousand 475 crore 20 lakh taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 72 thousand 526 crore 60 lakh 47 thousand 119 taka.

Shares and units of 409 companies were traded on Bourse during the week. Of these, 18 shares were unchanged, 38 companies declined, and 340 companies advanced.

Orion Infusion Limited has ranked at the top of weekly trading on DSE. It is known that 39 lakh 89 thousand 87 shares of the company were traded throughout the week. Its market value is 247 crore 70 lakh takas.

Sikder Insurance Company Limited ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 3 lakh, which is an average of 60 thousand per day. The share has risen 60.10 percent to its highest price.

Renata Limited has ranked at the top of weekly losers on DSE. It is known the shares traded a total of Tk 3 crore 99 lakh, which is an average of 79 lakh shares per day. The share has dropped 12.10 percent lowest in the last week.

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NRB Bank Set to Debut on DSE in ‘N’ Category from Tomorrow

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NRB Bank

NRB Bank is gearing up for its trading debut on Tuesday, February 27, listed under the “N” category on the Dhaka Stock Exchange (DSE). The trading code assigned to the company is “NRBBANK,” as announced by the Dhaka bourse.

In the initial public offering (IPO) phase, general investors were allotted 255 shares each, while non-resident Bangladeshis (NRBs) received 209 shares against a Tk10,000 deposit. The DSE distributed the IPO shares on a pro-rata basis.

The IPO witnessed significant oversubscription, reaching 3.61 times, according to a DSE press release. Approval from the Bangladesh Securities and Exchange Commission (BSEC) for the bank’s plan to raise Tk100 crore through issuing new shares at Tk10 each was granted on November 9.

Allocating the funds raised, the bank plans to invest Tk92 crore in government securities, Tk4.17 crore in the secondary market, and Tk3.83 crore to cover IPO expenses.

As of the financial report spanning January to September 2023, NRB Bank reported a consolidated net profit after tax of Tk16 crore, with earnings per share at Tk0.27. This was a notable decrease from Tk55 crore and Tk0.94, respectively, in 2022. The net asset value per share stood at Tk12.72 as of September 30, 2023.

The bank’s non-performing loan (NPL) ratio was reported at 6.10% of the total outstanding as of September 2023, compared to 3.22% a year ago. Established in 2013, NRB Bank offers a diverse range of products and services in retail banking, SME banking, NRB banking, corporate banking, and e-banking.

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Asian Markets Dip Amid Profit-Taking Following US Records

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Asian Markets

In Monday’s trading session, most Asian markets witnessed a downturn, despite Tokyo’s Nikkei index reaching new all-time highs following record closures of two of the three main US indices. The recent market surge, fueled by outstanding results from US tech giant Nvidia, prompted investors to engage in profit-taking, leading to a moderation in the impressive rally, analysts noted.

On Friday, Wall Street saw the Dow and the S&P closing at record highs, while the Nasdaq, dominated by tech stocks, experienced a slip, following a notable three-percent surge the day before.

Rodrigo Catril, National Australia Bank’s senior FX strategist, observed that the advance of Nvidia moderated, and other major tech stocks saw a decline after a robust run driven by artificial intelligence.

Tokyo’s Nikkei index managed to defy the trend, rising by 0.5 percent and surpassing the December 1989 record it had smashed on the previous Friday. However, Chinese shares struggled, with Hong Kong opening higher before losing 0.6 percent, and Shanghai down by 0.4 percent.

Despite the Chinese government expressing intentions to stimulate its economy through “piecemeal incentives” such as boosting sales of cars and home appliances, Asian markets experienced setbacks.

Singapore recorded a 0.9 percent drop, Seoul fell by 0.5 percent, while Bangkok, Jakarta, and Wellington reported declines. Sydney remained relatively flat, and Taipei gained a modest 0.1 percent.

Oil prices continued their descent, extending losses from Friday, as the G7 countries pledged new sanctions against Russia, marking two years since its invasion of Ukraine. Catril highlighted concerns about a lack of demand for crude oil, coupled with uncertainty arising from the new sanctions.

Stephen Innes of SPI Asset Management expressed expectations of a slowdown in the global oil supply throughout the year. He pointed to challenges facing the Chinese economy and the Federal Reserve’s efforts to mitigate inflationary pressures as factors likely to impact global growth and oil demand.

Looking ahead, the upcoming week holds significant indicators, including January Consumer Price Index (CPI) data for Australia and Japan. The week culminates in a “Super Friday” featuring key inflation and manufacturing data releases from both the United States and China, adding to the ongoing market uncertainties.

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Rollercoaster Ride for Index Values results Mixed Performance

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index turnover dse bourse

Dhaka Stock Exchange DSE, Bourse on the first working day of the week, February 25, ended with price Index mixed & turnover drops. This information is known from DSE sources.

804 crore 98 lakh taka shares were traded on this day. 57 crore 19 lakh less tradings were done in DSE today compared to the previous workday, 22 February, Shares worth Tk  862 crores 18 lakh shares were traded last time, Thursday.

The benchmark DSEX lost 14.32 points or 6,259 The Shariah-based index DSES gained 2.03 points or 1,362, and the blue-chip index DS30 decreased by 2.30 points or 2,137.

Of the issues traded, 96 advanced, 243 declined and 56 remained unchanged.

Bangladesh Monospool Paper Manufacturing Co. Limited ranked top gainer on DSE, the share price increased by Tk 18.30 paisa or 9.98 percent. On this day, the share was last traded at Tk 201.60 paisa.

EBL 1st Mutual Fund ranked top loser on the DSE, the share price dropped by Tk 0.50 paisa or 7.81 percent. On this day, the share was last traded at Tk 5.90 paisa.

DSE topped on trade is Best Holdings Limited 39 crore 8 lakh takas of shares of the company have been traded.

A total of 35 companies’ shares were traded in the Block on the Dhaka Stock Exchange, 62 lakh 58 thousand 465 shares of the companies were traded. The financial value of which is 38 crore 89 lakh taka

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