Stocks
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.
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Dhaka Stock Exchange DSE, Bourse on the third working day of the week, 7th May, ended with a drop in Indices and hikes in Turnover from the previous working session. This information is known from DSE sources.
1 thousand 108 crore 34 lakh taka shares were traded on this day. 12 crore 69 lakh more tradings were done in DSE today compared to the previous workday, 6th May , Shares worth Tk 1 thousand 95 crores 64 lakh shares were traded last time, Monday.
The benchmark DSEX lose 1.73 points or 5,725 The Shariah-based index DSES dropped 6.47 points or 1,255, and the blue-chip index DS30 decreased by 6.43 points or 2,040.
Of the issues traded, 131 advanced, 222 declined and 41 remained unchanged.
ICB AMCL CMSF Golden Jubilee Mutual Fund ranked top gainer on DSE, the share price increased by Tk 1.40 paisa or 10.00 percent. On this day, the share was last traded at Tk 15.40 paisa.
Sandhani Life Insurance Company Ltd ranked top loser on the DSE, the share price dropped by Tk 5.30 paisa or 2.99 percent. On this day, the share was last traded at Tk 171.80 paisa.
DSE topped on trade is Best Holdings Limited 55 crore 82 lakh takas of company shares have been traded.
A total of 38 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 7 crore 45 lakh 12 thousand 451 shares of the companies were traded. The financial value of which is 101 crore 92 lakh taka
Prime Minister Sheikh Hasina urged the International Organization for Migration (IOM) to secure additional funding from diverse sources to aid Rohingya refugees in Bangladesh during a courtesy meeting with its Director General (DG), Amy Pope, at Ganabhaban.
Quoting the PM, her Speech Writer M Nazrul Islam conveyed her concern over dwindling funds for Rohingya assistance and encouraged the IOM to seek new partnerships to bolster support for the displaced Myanmar nationals.
In a subsequent media briefing at the PM’s official residence, Islam disclosed that PM Sheikh Hasina also urged the IOM to facilitate the relocation of Rohingyas to Bhashanchar, where accommodations for up to one lakh Rohingyas have been prepared with essential amenities such as education, healthcare, and employment opportunities.
Approximately 30-35 thousand Rohingyas have already been relocated to Bhashan Char.
During the meeting, the IOM DG raised security concerns within the Rohingya camps, prompting assurances from PM Sheikh Hasina regarding adequate deployment of security personnel to ensure the safety of the refugees.
Highlighting the internal conflicts among Rohingya groups, the PM acknowledged the demographic shift in localities due to the large Rohingya population.
Pope emphasized the importance of providing language and cultural training to migrants to enhance their skills according to the demands of host countries. In response, PM Sheikh Hasina highlighted the government’s emphasis on vocational and linguistic training, with 112 Technical Training Centres (TTCs) established nationwide.
PM also underscored poverty reduction as a means to mitigate migration, outlining various government programs aimed at supporting migrants, including providing loans without collateral.
She emphasized the responsibility of both host and source countries in safeguarding the interests of migrants and addressing climate-induced migration, particularly in Bangladesh’s vulnerable coastal areas.
PM Sheikh Hasina reiterated that migration, including internal displacement due to climate change-induced factors such as river erosion, floods, and cyclones, is a natural phenomenon. She underscored the importance of comprehensive measures to address these challenges, including the provision of housing and support for affected communities.
Highlighting Bangladesh’s vulnerability to climate change, the PM mentioned the government’s efforts to provide housing to over 4000 climate refugees in Khurushkul, Cox’s Bazar. Additionally, she emphasized ongoing initiatives to construct climate-resilient housing in coastal areas and floating houses in flood-prone regions, all aimed at providing shelter to vulnerable populations.
The meeting also addressed the broader issue of migration, with PMSheikh Hasina emphasizing the need for collaboration between host and source countries to protect the rights and interests of migrants. She highlighted Bangladesh’s commitment to supporting its migrant workers, including through skills training and access to financial resources.
The PM’s remarks underscored the government’s multifaceted approach to addressing the complex challenges of migration and climate change, emphasizing the importance of international cooperation and support in mitigating these issues.
One of the listed companies, Bangladesh Shipping Corporation discloses its financial reports for the third quarter, (January – March 24).
The company’s earnings per share (EPS) was loss Tk 4.47 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 4.08 paisa during the same period last year. As of March 31, 2024, at the end of the third quarter of the fiscal year, the company’s net asset value (NAV) per share stood at Tk 95.25.
