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DSE Errors, confusion in determining between correct and wrong

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DSE: Dhaka Stock Exchange, Millions of investors investing and trading in this market. But, from the website where investors get the information, that website published unbalanced information, investors claimed. On Wednesday (21 December) again DSE Website made errors, as a result, which information was correct and wrong is hard to determine the investors.

It has been known, DSE Websites publish different information on the same topic, total number of company involved trades, and top gainer and gainer company has published different information. What information will be given to the investors asked the DSE market stakeholders.

According to the DSE Homepage, on Wednesday 285 companies’ shares and units were traded, Among them, 203 companies’ issues were unchanged, 73 issues declined and 9 issues advanced. This information was given by the DSE on the Homepage. On the other hand, 205 companies’ issues were unchanged, 77 issues declined and 11 issues advanced.

From the information on the DSE website, their homepage and market statistics comparison, total of 8 more companies take part in trades, 5 more companies whose issues declined, 9 issues advanced were shown on DSE homepage but in Market, statistics has shown 11 issues advanced. But Atlas Bangladesh the percentage of their share price increase has not been shown in DSE Top Gainer list Profile.

Asking about this DSE, Shafiqur Rahman, Deputy General Manager and Head of Public Relations, told Orthosongbad ‘it has to be the same the market statistics and homepage information, I have no idea about two different information in the website. If this happens, we would talk to the IT department about why it happens.

This is nothing new in the DSE errors issue. Last time on October 24, 10:58 am the trade has been suspended for a while, Later at 2:10 pm to 2:30 pm the trade resumed just for 20 minutes. On that day after the trade has been done and DSE closed there is a discrepancy between the trade count and the trading platform count

On 24 October DSE website information, 334 crores 76 lakh takas were traded. But on the same day, the trading platform shows more trading.

The related sources told Orthosongbad, it shows 554 crore taka trades on the trading platform, which is more than 219 crore 29 lakh from the DSE information.

Even though on 24 October, Metro Spinning Mills traded 1 lakh 43 thousand 872 shares were traded and published on DSE website, on the other hand the trading platform shows that Metro Spinning Mills traded 2 lakh 19 thousand 355 shares.

Investors were unable to determine seeing two different information on the DSE website. But DSE informed the data was correct which was given to the website.

The information that was given in the trading platform, there was shown 554 crore taka were traded. But when the technical glitch occurred in DSE, the trading till then was little more than 200 crores. By removing the technical glitches, the market stakeholders also questioned whether it is possible to trade about 300 crores of takas in just 15 minutes from 2:10 pm to 2:25 pm.

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Index Values Experience Rollercoaster Ride Amidst Dull Turnover

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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.

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Asian Markets Navigate Uncertainty Over Fed Rate Cuts

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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.

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Asian Tiger Growth Fund releases Q2 Financials

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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.

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