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Weekly Bourse Collapse

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Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a drop in turnover, market capitalization and index.  This information was disclosed in the weekly market review from the DSE

According to sources, (5 working days) the market capitalization of DSE dropped by Tk 483 crore 73 lakh 82 thousand 607  (19 March – 23 March) At the same time, the turnover has lost by 778 crore 6 lakh 94 thousand 211 taka.

The benchmark index ‘DSEX’ shed 4.94 points or 0.08 percent, in the outgoing week. At the end of the week, the index stands at 6,215 points. The Shariah-based index ‘DSES’ lost 3.60 points or 0.27 percent and therefore the index stands at 1,353 points. The blue-chip index ‘DS30’ dropped 0.74 points or 0.03 percent, hence the index stands at 2,218 points.

Shares and units worth 1 thousand 762 crore 3 lakh 33 thousand 729 taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 61 thousand 410 crore 93 lakh 21 thousand 409 taka.

Shares and units of 400 companies were traded on DSE during the week. Of these, 261 shares were unchanged. 63 companies declined, while 58 companies advanced.

Sea Pearl Beach Resort & Spa Limited has ranked at the top of weekly trading on DSE. It is known that 37 lakh 42 thousand 841 shares of the company were traded throughout the week. Its market value is 115 crore 46 lakh 84 thousand takas.

Legacy Footwear Limited has ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 5 crore 65 lakh 84 thousand, which is an average of 1 crore 13 lakh 16 thousand 800 per day. The share has risen 29.20 pc to its highest price.

Bengal Windsor Thermoplastics Limited has ranked at the top of weekly losers on DSE. It is known the share traded a total of Tk 37 crore 12 lakh 92 thousand, which is an average of 7 crore 42 lakh 58 thousand 400 shares per day. The share has dropped 25.32 percent lowest in the last week.

/NR

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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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