Connect with us

Stocks

Sea Pearl topped of inflation in DSE

Published

on

sea pearl

Sea Pearl Beach Resort & Spa Ltd ranked top ten gainers on Dhaka Stock Exchange, DSE today, November 10, the share price increased by 15 taka 80 paisa or 9.97pc. On this day, the share was last traded at 174 taka 30 paisa.

This information is known from DSE sources.

According to the data, the firm traded 8 lakh 76 thousand 893 shares in 1 thousand 589 times whose market value is 1 thousand 913 crore 88 lakh.

2nd on the list is Chartered Life Insurance Company Ltd. Today the price of the company’s share price increased by 2 taka 30 paisa or 9.87pc. The share was last traded at 25 taka 60 paisa. According to the sources, the company traded 455 shares in 19 times whose market value is 87 crore 37 lakh.

And the 3rd on the list is Summit Alliance Port Limited. Today the company share price has increased by 3 taka 20 paisa or 9.14pc. The share was last traded at 38 takas 20 paisa. According to the data, the company traded 1 crore 18 thousand 899 shares in 5 thousand 278 times whose market value is 829 crore 3 lakh.

Other companies on the gainer list are Sinobangla Industries Limited, Orion Infusion Limited, Eastern Housing Limited, Aamra Networks Limited, Navana Pharmaceuticals Limited, Mir Akhter Hossain Limited & Taufika Foods and Lovello Ice-cream PLC.

/NR

Share this

Stocks

Index Values Experience Rollercoaster Ride Amidst Dull Turnover

Published

on

turnover dse index bourse stock indices

Dhaka Stock Exchange DSE, Bourse on the last working day of the week, March 28th, ended with a hike in Indices and drops in Turnover from the previous working session. This information is known from DSE sources.

411 crore 8 lakh taka shares were traded on this day. 127 crore 71 lahks taka less tradings were done in DSE today compared to the previous workday, 27th March, Shares worth Tk 538 crores 79 lakh shares were traded last time, Wednesday.

The benchmark DSEX added 15.64 points or 5,778 The Shariah-based index DSES gained 2.19 points or 1,254, and the blue-chip index DS30 decreased by 0.98 points or 2,011.

Of the issues traded, 221 advanced, 120 declined and 54 remained unchanged.

IPDC Finance Limited ranked top gainer on DSE, the share price increased by Tk 2.30 paisa or 9.79 percent. On this day, the share was last traded at Tk 25.80 paisa.

Mercantile Islami Insurance PLC ranked top loser on the DSE, the share price dropped by Tk 1.30 paisa or 3.90 percent. On this day, the share was last traded at Tk 31.70 paisa.

DSE topped on trade is Central Pharmaceuticals Limited 24 crore 48 lakh takas of company shares have been traded.

A total of 36 companies’ shares were traded in the Block on the Dhaka Stock Exchange, 37lakh 44 thousand 909 shares of the companies were traded. The financial value of which is 20 crore 48 lakh taka.

Share this
Continue Reading

Stocks

Asian Markets Navigate Uncertainty Over Fed Rate Cuts

Published

on

Asian Markets

Asian investors proceeded cautiously on Thursday following remarks from a Federal Reserve official suggesting a potential delay or reduction in interest rate cuts. Meanwhile, the yen maintained its gains after briefly reaching a 34-year low the previous day.

As a recent market rally begins to lose steam, traders are reassessing the US monetary policy outlook. Above-forecast inflation and economic data have led some to question whether the central bank can adhere to its projection of three rate cuts this year.

Confidence has been further shaken by recent comments from Fed officials. Atlanta president Raphael Bostic reiterated his stance of expecting only one rate cut this year, warning against hasty actions that could disrupt the market. Governor Lisa Cook also urged caution among decision-makers.

The latest remarks came from Fed governor Christopher Waller, who suggested a reduction in the number of rate cuts or delaying them in response to recent data. Waller noted progress in reducing inflation but expressed concern over slowed or stalled progress in recent months.

His comments preceded the release of the personal consumption expenditures (PCE) index, expected to show a slight increase, on Friday. Despite concerns, all three main indexes on Wall Street saw gains, with the S&P 500 reaching another record high.

In Asia, markets were mixed, with Hong Kong, Shanghai, Sydney, and Wellington posting gains while Singapore, Seoul, Taipei, and Jakarta declined. Tokyo saw a decline of over one percent as the yen stabilized after hitting its weakest level since 1990 against the dollar.

A Bank of Japan official’s comments warning of continued accommodative monetary policy contributed to the yen’s slide. Speculation has arisen regarding potential intervention to support the currency, with Vice Finance Minister Masato Kanda expressing readiness to take necessary measures.

Market analysts anticipate heightened anticipation for Bank of Japan intervention, particularly in light of recent yen fluctuations. Concerns persist over potential market disruptions in the absence of intervention before the weekend.

Share this
Continue Reading

Stocks

Asian Tiger Growth Fund releases Q2 Financials

Published

on

Asian Tiger Growth Fund

One of the listed funds, Asian Tiger Sandhani Life Growth Fund discloses its financial reports for the second quarter, (October– December 23).

The company’s earnings per unit (EPU) loss Tk 0.01 paisa in Q2 of the current financial year (October – December 23). EPU was loss Tk 0.17 paisa during the same period last year. NAV per unit at market price was Tk. 10.20 as on December 31, 2023 and cost price was Tk. 11.07 as on December 31, 2023.

Share this
Continue Reading