Stocks
Weekly DSE Analysis Highlights Uneven Market Trends
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a mixed performance in Indices, hike in Market Capitalization, on the other hand Turnover Declines, 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 dropped by Tk 772 crore 60 lakh (September 8 – September 12). At the same time, the market capitalization has increased by 897 crore 85 lakh taka.
The benchmark index ‘DSEX’ lost by 2.13 points or 0.04 percent, in the outgoing week. At the end of the week, the index stands at 5,726 points. The Shariah-based index ‘DSES’ added 16.87 points or 1.37 percent and therefore the index stands at 1,245 points. The blue-chip index ‘DS30’ decreased by 13.61 points or 0.64 percent, hence the index stands at 2,100 points.
Shares and units worth 3 thousand 221 crore 45 lakh taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 6 lakh 93 thousand 329 crore 18 lakh taka.
Shares and units of 396 companies were traded on Bourse during the week. Of these, 18 shares were unchanged, 271 companies declined, and 107 companies advanced.
Linde Bangladesh Limited has ranked at the top of weekly trading on DSE. The Company records an average turnover of 34 crore 3 lakh taka.
National Tea Company Limited ranked at the top of weekly gainers on DSE. The share has risen 52.01 percent to its highest price.
Confidence Cement Limited has ranked at the top of weekly losers on DSE. The share price has dropped 18.69 percent lowest in the last week.
The Bangladesh Securities and Exchange Commission (BSEC) has initiated an investigation into Strategic Equity Management Limited (SEML), an asset management company owned by Chowdhury Nafeez Sarafat and his wife. The move comes following allegations of irregularities tied to the firm.
On September 17, the capital market regulator established a committee, led by BSEC Additional Director Md Emdadul Haque, to conduct the inquiry. Other members of the committee include Deputy Director Rafiqun Nabi and Assistant Director Md Abu Hena Mostafa.
According to sources within the regulatory agency, Nafeez, who previously served as the chairman of Padma Bank, allegedly diverted Tk245 crore from the troubled bank into SEML. This misuse of funds prompted BSEC to take swift action and initiate a detailed probe into the company’s operations.
In its notification, BSEC stated that the committee has been given a 60-working-day timeline to submit a report addressing several specific concerns. Key areas of investigation include whether SEML’s investments through the “Alternative Investment Fund of Bangladesh” adhered to regulatory guidelines and investment parameters from its inception to the present day.
The committee is also tasked with collecting concrete evidence related to all investments made by the fund. They will assess any conflicts of interest arising from dealings with individuals or entities connected to the fund manager and trustee.
Furthermore, the investigators will review official bank statements of the fund, tracking account balances at the end of each fiscal year. They will also verify any interest or profits generated from term deposits and other investments with banks or financial institutions throughout the fund’s lifespan.
The probe will examine dividends and capital gains earned from both listed and non-listed securities, and evaluate the fund’s operating expenses, including annual fees, management fees, trustee fees, and other related charges since the fund’s inception.
Additionally, the committee will seek to uncover any illicit payments made from the fund’s accounts that may have benefited the fund manager or other parties. BSEC has emphasized the importance of reviewing these details thoroughly.
The inquiry will also assess the roles of the fund manager and trustee in ensuring proper governance and oversight, in accordance with BSEC’s rules and the fund’s constitutive documents. The committee may address other related matters as deemed necessary during the course of their investigation.
Dhaka Stock Market DSE, Bourse on the third working day of the week, 18th September, ended with a hike in Indices and drop in Turnover from the previous working session. This information is known from DSE sources.
553 crore 65 lakh taka shares were traded on this day. 81 crore 30 lakh less tradings were done in DSE today compared to the previous workday, 17th September, Shares worth Tk 634 crores 96 lakh shares were traded last time, Tuesday.
The benchmark DSEX added 12.53 points or 5,694 The Shariah-based index DSES gained 7.49 point or 1,245 and the blue-chip index DS30 increased by 8.36 points or 2,076.
Of the issues traded, 113 advanced, 224 declined and 59 remained unchanged.
Beacon Pharmaceuticals PLC ranked top gainer on DSE, the share price increased by Tk 12.60 paisa or 9.98 percent. On this day, the share was last traded at Tk 138.90 paisa.
Premier Leasing & Finance Limited ranked top loser on the DSE, the share price dropped by Tk 0.40 paisa or 9.52 percent. On this day, the share was last traded at Tk 3.80 paisa.
DSE topped on trade is Sonali Aansh Industries Limited 25 crore 36 lakh takas of company shares have been traded.
A total of 36 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 43 lakh 94 thousand 483 shares of the companies were traded. The financial value of which is 45 crore 50 lakh taka.
1 Mutual Fund, Asian Tiger Sandhani Life Growth Fund from Dhaka Stock Exchange (DSE) have disclosed their Dividends for the year ended June 30, 2024. This source is known from the DSE official website. The Fund has recommended Null Dividend for the year ending June 30, 2024.
It has reported EPU loss of Tk 1.95 paisa, and NAV per unit at a market price of Tk. 8.31, NAV per unit at cost price of Tk. 11.25 for the year ended June 30, 2024. Record date: 08.10.2024
