Turnover Plunges, Index Diverges, yet Market Capitalization Soars, says DSE Weekly Reports
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a drops in turnover & hikes in Market Capitalization. On the other hand, Index performed mixed. 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 277 crore 67 lakh 28 thousand 953 (14 May – 18 May). At the same time, the turnover has gained by 4 housand 531 crore 11 lakh 62 thousand 885 taka.
The benchmark index ‘DSEX’ increased by 17.77 points or 0.28 percent, in the outgoing week. At the end of the week, the index stands at 6,290 points. The Shariah-based index ‘DSES’ dropped 3.75 points or 0.27 percent and therefore the index stands at 1,368 points. The blue-chip index ‘DS30’ gained 0.93 points or 0.04 percent, hence the index stands at 2,195 points.
Shares and units worth 3 thousand 957 crore 35 lakh 53 thousand 591 taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 66 thousand 106 crore 74 lakh 95 thousand 371 taka.
Shares and units of 402 companies were traded on DSE during the week. Of these, 205 shares were unchanged, 74 companies declined, and 109 companies advanced.
Bangladesh Shipping Corporation has ranked at the top of weekly trading on DSE. It is known that 1 crore 34 lakh 80 thousand 996 shares of the company were traded throughout the week. Its market value is 178 crore 59 lakh 25 thousand takas.
Read More: Weekly Bourse Performed Mixed
Trust Islami Life Insurance Limited has ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 44 thousand, which is an average of 8 thousand 800 per day. The share has risen 27.70 pc to its highest price.
National Tea Company Limited has ranked at the top of weekly losers on DSE. It is known the share traded a total of Tk 2 crore 18 lakh 89 thousand, which is an average of 43 lakh 77 thousand 800 shares per day. The share has dropped 15.68 percent lowest in the last week.
DSE Aims to Attract Japanese Investments in the Stock Market Soon
Dhaka Stock Exchange (DSE) Chairman, Dr. Hafiz Muhammad Hasan Babu, announced his intention to attract Japanese investments to the stock market in the near future.
He made these remarks during a budget-related press conference held at a hotel in the capital city on Tuesday (June 6). Dr. Hasan emphasized the importance of actions rather than mere words, expressing his desire to demonstrate progress through tangible outcomes. He shared his numerous aspirations for the DSE and emphasized the need for collaboration to realize people’s dreams. This collaboration would require not only the government’s support but also the assistance of journalists.
Furthermore, Dr. Hasan mentioned the need to provide uninterrupted income from bonds, as the bond market is currently facing obstacles, partly due to taxes. He expressed the desire for a comprehensive evaluation of taxes as a final measure to ensure stability. Dr. Hasan also highlighted the importance of reducing the corporate tax rate for listed and non-listed companies by 10% compared to the dividend tax rate. Additionally, he proposed reducing the VAT rate from 15% to 10%.
Dr. Hasan reassured that despite any disappointment surrounding the budget, there is a strong willingness to take proactive steps in the stock market. These steps aim to restore people’s confidence in the market. The press conference was attended by Rubaba Dowla, the Independent Director of Dhaka Stock Exchange, and Professor Abdullah Al Mamun, among other officials from DSE.
Index Collapse on Bourse, Turnover Hits Tk 1000cr
Dhaka Stock Exchange DSE, Bourses on the third working day of the week, June 6, ended with price index & turnover drops.
This information is known from DSE sources.
1 thousand 86 crores 88 lakh shares were traded on this day. 169 crore 80 lakhs less trading was done in DSE today compared to the previous workday, 4 June, Shares worth Tk 1 thousand 256 crore 68 lakh shares were traded last time, Monday.
The benchmark index DSEX dropped 40.10 points or 6,316. The Shariah-based index DSES lost 10.00 points or 1,372, and the blue-chip index DS30 dropped 9.47 points or 2,188.
Of the issues traded, 25 advanced, 157 declined, and 182 remained unchanged.
Trust Islami Life Insurance Limited ranked top gainer on DSE, the share price increased by Tk 5.40 paisa or 9.96 percent. On this day, the share was last traded at Tk 59.60 paisa
Mir Akhter Hossain Ltd ranked top loser on the DSE, the share price dropped by Tk 6.00 paisa or 10.00 percent. On this day, the share was last traded at Tk 54.00 paisa.
DSE topped on trade is Associated Oxygen Ltd 52 crore 94 lakh takas of shares of the company have been traded.
A total of 378 companies shares were traded in the Block on Dhaka Stock Exchange, 1 crore 17 lakh 23 thousand 483 shares of the companies were traded. The financial value of which is 63 crore 59 lakh taka.
Sonali Aansh EPS drops on Q3 Financials
One of the listed companies, Sonali Aansh Industries Limited, discloses its financial reports for the third quarter, (January – March 23). This source is known from DSE.
The company’s earnings per share (EPS) of Tk 0.30 paisa in Q3 of the current financial year. EPS was of Tk 1.78 paisa during the same period last year. EPS was Tk. 1.32 for July 2022-March 2023 as against Tk. 3.05 for July 2021-March 2022.
NAV per share was Tk. 1145.61 as on March 31, 2023.
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