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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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