Stocks
DSE Witnesses Sharp Decline in Index, Turnover, and Market Capitalization on the Past Week
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a drops in turnover, Market Capitalization & Index. This information was disclosed in the weekly market review from the DSE
According to sources, (5 working days) the turnover of DSE lost by Tk 1 thousand 574 crore 95 lakh 8 thousand 459 (11 June – 15 June). At the same time, the market capitalization has also lost by4 thousand 159 crore 10 lakh 36 taka.
The benchmark index ‘DSEX’ shed by 72.82 points or 1.15 percent, in the outgoing week. At the end of the week, the index stands at 6,280 points. The Shariah-based index ‘DSES’ dropped 13.25 points or 0.96 percent and therefore the index stands at 1,365 points. The blue-chip index ‘DS30’ lost 10.39 points or 0.47 percent, hence the index stands at 2,182 points.
Shares and units worth 3 thousand 869 crore 61 lakh 11 thousand 325 taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 69 thousand 529 crore 18 lakh 39 thousand 854 taka.
Shares and units of 402 companies were traded on DSE during the week. Of these, 207 shares were unchanged, 141 companies declined, and 42 companies advanced.
Meghna Life Insurance Company has ranked at the top of weekly trading on DSE. It is known that 1 crore 71 lakh 93 thousand 984 shares of the company were traded throughout the week. Its market value is 190 crore 33 lakh 9 thousand takas.
Read More: Weekly Bourse Performed Mixed
Khulna Printing and Packaging Limited has ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 12 crore 63 lakh 67 thousand, which is an average of 2 crore 44 lakh 73 thousand 400 per day. The share has risen 30.53 pc to its highest price.
Meghna Life Insurance Company Limited has ranked at the top of weekly losers on DSE. It is known the share traded a total of Tk 190 crore 33 lakh 9 thousand, which is an average of 38 crore 6 lakh 61 thousand 800 shares per day. The share has dropped 23.99 percent lowest in the last week.
/NR
Global financial markets took a sharp nosedive on Tuesday as investors grew increasingly anxious about the possibility of another interest rate hike in the United States. Concerns were compounded by worries that these elevated rates might persist to combat stubbornly high inflation.
Despite a brief rebound on Wall Street, early Asian trading saw the dollar strengthen even further, driven by a surge in US Treasury yields to their highest levels in 16 years. This development reignited fears that the world’s largest economy could slip into a recession.
Adding to the uncertainty, lawmakers in Washington struggled to reach an agreement on spending, raising the specter of a government shutdown. This political deadlock prompted warnings that it could negatively impact the US credit rating. The recent surge in oil prices further fueled concerns that central banks’ efforts to curb inflation might be derailed after over a year of tightening measures.
Last week, the US Federal Reserve indicated that it could raise borrowing costs once again before the year’s end. This announcement dealt a blow to many market participants who had hoped that the interest rate hike in July would be the last for a while. Additionally, policymakers hinted that rates might need to remain at their highest levels in over two decades for an extended period.
Market analysts from the BlackRock Investment Institute believe that “rates will stay high” and that Treasury yields could continue to climb. They suggest that rising long-term bond yields reflect the market’s adjustment to increased macro and market volatility. The prevailing sentiment, as noted by National Australia Bank’s Tapas Strickland, is that rates will remain elevated for an extended period, reflecting the Federal Reserve’s stance.
In early Asian trading, major stock markets including Tokyo, Hong Kong, Shanghai, Seoul, Singapore, Sydney, Taipei, and Wellington all experienced declines, reflecting the uncertainty gripping investors. The situation in China’s property sector also raised concerns, with the troubled developer Evergrande announcing that it had missed an onshore bond repayment.
On the currency front, the dollar remained near 11-month highs against the yen, prompting Japanese authorities to express their willingness to intervene if the dollar’s ascent becomes excessive. However, analysts do not anticipate a significant strengthening of the yen, given the Bank of Japan’s commitment to its ultra-loose monetary policy.
The ongoing political standoff in Washington, where hardline Republicans in the House of Representatives have blocked key spending bills, is causing unease among investors. If an agreement is not reached by the weekend, it could lead to a government shutdown, a scenario that Moody’s warns would have negative implications for the US’s top-tier credit rating.
Dhaka Stock Exchange DSE, Bourse on the second working day of the week, September 25, ended with price Index mixed & turnover drops. This information is known from DSE sources.
500 crores 74 lakh shares were traded on this day. 59 crore 46 lakh less trading was done in DSE today compared to the previous workday, 24 September, Shares worth Tk 500 crores 74 lakh shares were traded last time, Sunday.
The benchmark DSEX added 1.84 points or 6,282 The Shariah-based index DSES gained 0.64 points or 1,359, and the blue-chip index DS30 decreased by 1.54 points or 2,135.
Of the issues traded, 82 advanced, 62 declined and 156 remained unchanged.
Khan Brothers PP Woven Bag Industries Limited ranked top gainer on DSE, the share price increased by Tk 2.20 paisa or 8.98 percent. On this day, the share was last traded at Tk 26.70 paisa
Legacy Footwear Ltd ranked top loser on the DSE, the share price dropped by Tk 3.50 paisa or 4.31 percent. On this day, the share was last traded at Tk 77.70 paisa.
DSE topped on trade is Union Insurance Company Ltd 28 crore 66 lakh takas of shares of the company have been traded.
A total of 70 companies’ shares were traded in the Block on Dhaka Stock Exchange, 80 lakh 63 thousand 218 shares of the companies were traded. The financial value of which is 49 crore 96 lakh taka.
Dr. Rumana Islam, Commissioner of the Bangladesh Securities and Exchange Commission (BSEC), has emphasized the need for individuals to invest in the stock market rather than keeping their money stagnant in banks for a year. She pointed out that investing in the capital market is a viable option. Many people consider investing in land, gold, or depositing funds in savings accounts, which she discouraged.
Dr. Rumana made these remarks during a training event for students of Dhaka University’s Law Department held on Sunday, September 24. The event took place at the Kazi Motahar Hossain Building on the university campus and was organized by the DSE Training Academy. Dr. A.T.M. Tariquzzaman, Managing Director of Dhaka Stock Exchange (DSE), was a special guest at the training session.
Dr. Rumana, addressing the students, mentioned that by the year 2041, Bangladesh envisions becoming a highly developed nation, with a significant role for the capital market to play in its economic landscape.
Encouraging students to consider investment in the stock market as a means to grow their savings, Dr. Rumana Islam, Commissioner of the Bangladesh Securities and Exchange Commission (BSEC), highlighted the importance of proactively managing one’s financial future. She advised students to prioritize saving before spending, emphasizing that now is the time to shape their future. Dr. Rumana stressed the significance of making wise investment decisions, stating that if she had the capability to invest one lakh taka, she would risk only fifty thousand taka. In this case, the risk of 50 lakh takas cannot be taken.
During the event, Dr. A.T.M. Tariquzzaman, Managing Director of the Dhaka Stock Exchange (DSE), addressed the students as a special guest. He underscored the need for a robust legal framework to prevent malpractice in the stock market. Dr. Tariquzzaman emphasized that upholding the principles of legality and enforcement is essential for ensuring the security of investors, making it a primary responsibility.
In attendance at the training event, hosted by the DSE Training Academy at Dhaka University’s Kazi Motahar Hossain Building, was the Dean of Dhaka University’s Law Department, Dr. Shima Jaman; Chairman of the Law Department, Prof. Dr. Md Nazrul Islam; and DSE Training Academy’s Deputy General Manager, Syed Al Amin Rahman.
