Stocks
DSE Witnesses Bullish Week as Turnover, Index Surge
Weekly Dhaka Stock Exchange, DSE, Dhaka Bourse has seen a hike in Turnover, Index & Market Capitalization. This information was disclosed in the weekly market review from the DSE.
According to sources, (5 working days) the turnover of DSE hiked by Tk 700 crore 28 lakh (20 August – 24 August). At the same time, the market capitalization has also gained by 1 thousand 888 crore 94 lakh 85 thousand 021 taka.
The benchmark index ‘DSEX’ added by 25.26 points or 0.40 percent, in the outgoing week. At the end of the week, the index stands at 6,280 points. The Shariah-based index ‘DSES’ gained 7.63 points or 0.56 percent and therefore the index stands at 1,365 points. The blue-chip index ‘DS30’ increased by 8.83 points or 0.42 percent, hence the index stands at 2,130 points.
Shares and units worth 2 thousand 190 crore 61 lakh taka were traded in Dhaka Stock Exchange. At the end of the week, the market capitalization stood at 7 lakh 75 thousand 224 crore 89 lakh 20 thousand 633 taka.
Shares and units of 403 companies were traded on Bourse during the week. Of these, 225 shares were unchanged, 60 companies declined, and 97 companies advanced.
Fu Wang Foods Limited has ranked at the top of weekly trading on DSE. It is known that 5 crore 59 lakh 82 thousand 860 shares of the company were traded throughout the week. Its market value is 193 crore 44 lakh takas.
Miracle Industries has ranked at the top of weekly gainers on DSE. It is known that the share traded a total of Tk 36 crore 80 lakh, which is an average of 7 crore 36 lakh per day. The share has risen 42.81 to its highest price.
Mercantile Islami Insurance PLC has ranked at the top of weekly losers on DSE. It is known the share traded a total of Tk 2 crore 44 lakh, which is an average of 48 lakh shares per day. The share has dropped 5.41 percent lowest in the last week.
/NR
Dhaka Stock Exchange DSE, Bourse on the second working day of the week, 13th May, ended with a drop in Indices and Turnover from the previous working session. This information is known from DSE sources.
968 crore 2 lakh taka shares were traded on this day. 17 crore 86 lakh less tradings were done in DSE today compared to the previous workday, 9th May , Shares worth Tk 985 crores 88 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 29.96 points or 5,666 The Shariah-based index DSES dropped 8.94 points or 1,241, and the blue-chip index DS30 decreased by 8.62 points or 2,017.
Of the issues traded, 135 advanced, 221 declined and 37 remained unchanged.
Purabi General Insurance Company Limited ranked top gainer on DSE, the share price increased by Tk 2.80 paisa or 11.57 percent. On this day, the share was last traded at Tk 27.00 paisa.
Aramit Limited ranked top loser on the DSE, the share price dropped by Tk 8.70 paisa or 3.00 percent. On this day, the share was last traded at Tk 281.70 paisa.
DSE topped on trade is eGeneration Limited 38 crore 83 lakh takas of company shares have been traded.
A total of 41 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 69 lakh 55 thousand 558 shares of the companies were traded. The financial value of which is 31 crore 41 lakh taka
Equities fluctuated Monday as traders took a breather after the past weeks’ healthy run as they absorbed weak Chinese data and reports that the United States planned to ramp up tariffs on clean energy products from the Asian country.
A sharp drop in US consumer confidence and a pick-up in inflation expectations also weighed on sentiment as eyes turn to the release later this week of the latest consumer price index (CPI).
The readings follow a recent rally across world markets fuelled by optimism that the Federal Reserve and other major central banks will soon cut interest rates.
The week was set to begin on a tepid note after figures showed a drop in a broad measure of credit in China that sparked worries of a further slackening in the world’s number two economy.
That came as the Wall Street Journal reported that the White House is looking at almost quadrupling tariffs on Chinese electric vehicles as part of a plan that will also target batteries and solar cells.
A decision, expected on Tuesday according to reports, would come as President Joe Biden gears up for a rematch with Donald Trump in November’s presidential election.
Last month, he urged for a tripling on tariffs for steel and aluminium as he courted blue-collar voters.
Still, analysts said the decision on EVs would not likely have much impact on China’s growth as the sector was not reliant on US buyers, while some said retaliatory actions were unlikely.
The news came after weekend figures showing China’s CPI rose more than expected in April, marking the third straight month of gains and providing some fresh hope for the economy.
In New York, the Dow and S&P 500 rose, even as a report showed consumer sentiment tumbled in April to its lowest level since November, while a survey of inflation expectations over the next year picked up.
Investors are now keeping a close eye on the US CPI, which is due Wednesday and will be pored over for an idea about the Fed’s plans. The reading comes after three straight months of forecast-beating readings that have seen a whittling away of rate cut expectations.
Meanwhile, Dallas Fed chief Lorie Logan warned she thought it too early to think about any reductions, while governor Michelle Bowman did not see so far foresee any this year.
“As long as the labour market remains tight, consumer resilience could continue to dampen hopes of inflation cooling off,” Subadra Rajappa, at Societe Generale in New York, said.
“A resumption of the disinflationary trend is imperative for the Fed to consider cutting this year.”
Discussion on the US rate outlook comes as expectations rise that the European Central Bank and Bank of England are planning to cut in the summer.
London, Paris, Frankfurt and Amsterdam all hit new heights, with shares also benefitting from strong first-quarter earnings.
However, Asian markets were mixed in early exchanges, with Shanghai, Sydney, Seoul, Wellington and Jakarta all down, while Hong Kong, Singapore, Taipei and Manila rose, with Tokyo flat.
– Key figures around 0230 GMT –
Tokyo – Nikkei 225: FLAT at 38,243.59 (break)
Hong Kong – Hang Seng Index: UP 0.6 percent at 19,084.04
Shanghai – Composite: DOWN 0.5 percent at 3,139.55
Dollar/yen: DOWN at 155.85 yen from 155.88 yen on Friday
Euro/dollar: DOWN at $1.0770 from $1.0772
Pound/dollar: DOWN at $1.2522 from $1.2525
Euro/pound: DOWN at 86.01 from 86.06 pence
West Texas Intermediate: DOWN 0.6 percent at $77.82 per barrel
Brent North Sea Crude: DOWN 0.6 percent at $82.32 per barrel
New York – Dow: UP 0.3 percent at 39,512.84 (close)
London – FTSE 100: UP 0.6 percent at 8,433.76 (close)
One of the listed companies, IDLC Finance PLC discloses its financial reports for the first quarter, (January – March 24).
The company’s Consolidated earnings per share (EPS) was Tk 0.85 paisa in Q1 of the current financial year (January – March 24). Consolidated EPS was Tk 0.83 (restated) paisa during the same period last year. As of March 31, 2024, at the end of the first quarter of the fiscal year, the company’s Consolidated net asset value (NAV) per share stood at Tk 46.56.
