Daily Market Commentary

DSE Market Commentary @ August 26, 2021.

  • Welcome to the trading at Dhaka Stock Exchange (DSE) which has begun today on Thursday, August 26, 2021.
  • Today trading started at DSE with a downward movement from the beginning.
  • At DSE, trading has been ongoing with the following trading period: Pre-Opening Session from 9:45 AM to 10:00 AM, Continuous Session from 10:00 AM to 2:30 PM and Post-Closing Session from 2:30 PM to 2:45 PM.
  • After a 584% increase in its share price in June-July, Tamijuddin Textile Mills, a cotton and polyester yarn maker has declared it will invest Taka 50 crore for balancing, modernization, rehabilitation and expansion (BMRE). When its share price was skyrocketing in July based on rumors regarding fresh investments, the company told DSE there was no undisclosed price sensitive information.
  • Tamijuddin Textile Mills, one of the oldest textile mills in the country, has celebrated 50 years of incorporation in 2020 as it was registered in 1971. The company was listed on the stock exchange in 1992. It was traded on the over-the-counter (OTC) platform for a long time due to weak financial performance but it was re-listed again in 2021.
  • Amid the pandemic, Tamijuddin Textile Mills registered 1% growth in revenue but it saw 21% growth in profit in the first nine months of FY21.
  • In the July-March period of FY21, its revenue stood at Taka 185.72 crore and profit at Taka 2.94 crore, which were Taka 183.84 crore and Taka 2.43 crore respectively in the same time of the previous year.
  • The company’s earnings per share stood at Taka 0.98 during the July-March period of FY21, which was Taka 0.81 in the same period of the previous fiscal year.
  • In the third quarter (January-March) of FY21, the company saw 173% increase in net profit compared to the same time of the previous year.
  • During the period, its revenue grows to Taka 61.90 crore from Taka 61.28cr and profit to Taka 89.26 lakh from Taka 32.67 lakh in the same time of the previous year.
  • Today market started with a sharp downward movement from beginning and by 10:16 AM DSEX fall to 6869.45 points.
  • Moment later market bounced back sharply and by 10:28 AM DSEX reached 6894.93 points and by 10:52AM DSEX reached to 6898.41 points.
  • After that market started to fall sharply and by 12:11 PM DSEX fall to 6846.48 points.
  • Following this sharp downward movement, moment later market bounced back sharply as DSEX recovered to 6887.96 points by 12:57 PM only to experience another sharp fall from the next minute and by 1:19 PM DSEX sharply fall to 6857.32 points.
  • By 22:09 PM, DSEX fall to 6845.4 points followed by a small recovery in market as DSEX was at 6860.33 points by 2:25 PM.
  • Now 2:45 PM, after Post-Closing session, at the end of today’s (Wednesday, August 25, 2021) trading, DSEX, the prime index of the DSE, went down by 27.43437 points or -0.39883% to stand at 6851.32177 points.
  • At the end of today’s trading, Market Turnover has decreased and closed over Taka 2,200 crore range (Taka 22,276.403 mn). It has decreased by over Taka 343 crore (Taka 3,431.267 mn) , -13.34725% from previous day’s turnover of Taka  25,707.670 mn.
  • Today a total of 376 company’s shares were traded. Among which prices have increased for 105 companies, prices have decreased for 251 companies and 20 companies have seen its prices remained unchanged.
  • Today’s SECTORwise trading at DSE have seen again FINANCIAL INSTITUTION sector topped today’s market share followed by TEXTILE sector.
  • SBACBANK has topped the list for highest traded shares in terms of total traded value of Taka  729.6650 mn followed by LANKABAFIN (Taka 701.9220 mn), BXPHARMA (Taka 593.7890 mn), BEXIMCO (Taka 561.0650 mn), IPDC (Taka 525.1120 mn) and LHBL (Taka 440.7120 mn).
  • DULAMIACOT has topped the list of most % price change with 9.984% price increase followed by ICB (9.976%), CVOPRL (9.207%), MEGCONMILK (9.052%)  price increases.
  • Indices in the Dhaka Stock Exchange logged consecutive corrections after the record-breaking rally in the past few days while DSEX, the prime index of the DSE, went down.
  • The central bank’s inspection of the banks’ stock market investments from the special funds has adversely impacted the stock sentiment.
  • Besides, due to profit booking sell-offs across the major sectors, the market started to observe volatility and the bearish momentum took the indices to close in red trajectory.
  • Sectoral performance depicted mixed trends while the large capitalized Bank, Fuel & Power, and Engineering and Pharmaceuticals & Chemicals stocks observed selling pressure on the bourse today.

That’s  all  from  today’s market. See you on the next day.

Till then Good Bye. Thank You.

Leave a Reply

Your email address will not be published. Required fields are marked *