Daily Market Commentary

DSE Market Commentary @ July 26, 2021

  • Welcome to the Second working day after the holidays for Eid-Ul-Adha and the fresh phase of nationwide strict lockdown started from 23rd July 2021, trading at Dhaka Stock Exchange (DSE)  has began today on Monday, July 26, 2021.
  • Today trading started at DSE with a downward movement from the very beginning.
  • At DSE, trading has been started with a new trading period as follows from July 25, 2021 to August 05, 2021: Pre-Opening Session from 9:45 AM to 10:00 AM, Continuous Session from 10:00 AM to 1:00 PM and Post-Closing Session from 1:00 PM to 1:15 PM.
  • Tarique Amin Bhuiyan, IT expert and former chief executive officer of Bkash, has joined as the new Managing Director of the Dhaka Stock Exchange (DSE) on Sunday (July 25, 2021). The premier bourse DSE had run without a managing director for around seven months since January this year.
  • Numbers of reported Covid-19 deaths, cases shoot up post Eid-ul-Adha.  Total 228 people died from Covid-19 in 24 hours till 8am today, said a press release issued by the Directorate General of Health Services (DGHS). At least 11,291 new infections were recorded during this period, taking the total number of infected people to 11,64,635. The current positivity rate is 30.04% while the total positivity rate stands at 15.62%.
  • According to the Department of Health, Dhaka is leading the district in terms of COVIDS-19 infection and deaths due to COVIDS-19 infection.
  • Abul Basar Mohammad Khurshid Alam, Director General of the Health Department, said on Sunday that they had set a deadline of next year to vaccinate 80% of the country’s 160 million people as part of a government campaign to control corona.
  • The market started today with a downward trend from the very beginning and continues with this downward movement.
  • By 11:25 AM today, DSEX has fall below 6400 points mark and right now at  6399.32 points.
  • By 11:30 AM, market is still trading with the downward trend as DSEX is now at 6391.2 points.
  • After 11:30 AM, it seems like market is trying to bounc back from the continuous downtrend since the beginning today’s  trading session as DSEX again crossed 6400 marks and reached to 6411.73 points by 12:14 PM.
  • By 12:30 Pm, market is experiencing few ups and downs as DSEX fall below 6400 points mark briefly and as of this moment is at 6399.75 points.
  • Now 1:15 PM, after Post-Closing session, at the end of today’s (Monday, July 26, 2021)trading,  the benchmark index of the Dhaka Stock Exchange, DSEX went down by -20.18564 points or -0.31421% to stand at 6404.03273 points at the end of the session.
  • At the end of today’s trading, Market Turnover has increased and closed over Taka 1,400 crore range (Taka 14289.498 mn). It has increased by over Taka 74 crore (Taka 742.478 mn) , +5.48075% from previous day’s turnover of Taka 13547.02 mn.

  • Today a total of 374 company’s shares were traded. Among which prices have increased for 111 companies, prices have decreased for 229 companies and 34 companies have seen its prices remained unchanged.
  • Today’s  SECTORwise trading at DSE have seen  PHARMACEUTICALS & CHEMICALS sector topped with over 12% of today’s market share followed by ENGINEERING sector.
  • BPPL (Baraka Patenga Power Limited) has topped the list for highest traded shares in terms of total traded value of Taka 753.2740 mn followed by SAIFPOWER (Taka 406.8200 mn), BATBC (Taka 400.2020 mn) and BEXIMCO (Taka 350.0430 mn ).
  • BPPL (Baraka Patenga Power Limited) has also topped the list of most % price change with 9.929 % price increase followed by GHCL (9.814%), SONALIPAPR (8.479%), FAMILYTEX (8.333%), CENTRALINS (8.213%), SAPORTL (7.746%), ISLAMIINS (7.705%) price increases.

  • The Dhaka bourse, Dhaka Stock Exchange settled down today due to mixed performance and profit booking sell-pressure across the major sectors, while the benchmark index DSEX went down to close RED.
  • Seems Dhaka stocks have been impacted after Bangladesh Bank’s directive to banks to curb channeling of stimulus funds to unproductive sectors, including share market and fell today amid concerns among investors that liquidity flow to the market may fall.
  • If investors are forced to limit their involvement as a result of the ruling, the stock market will suffer, thus investors would rather take profits. The stimulus fund should not come here; many investors are currently active in the market, so there is no need for them to be concerned about a liquidity shortage.

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

Till then Good Bye. Thank You.

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