Daily Market Commentary

DSE Market Commentary @ July 27, 2021

  • Welcome to the third 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 Tuesday, July 27, 2021.
  • Today trading started at DSE with a mixed movement from the 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.
  • The week-long road show, an initiative of Bangladesh Securities and Exchange Commission (BSEC), to showcase the strength and opportunities of business and investment in Bangladesh for the investors abroad, is going to begin from Manhattan, New York yesterday (July 26, 2021). The event has been known as THE RISE OF BENGAL TIGER: POTENTIAL OF TRADE & INVESTMENT IN BANGLADESH.
  • Bangladesh sees highest in daily deaths and cases so far; it may get worse. The Covid-19 pandemic in Bangladesh has reached yet another deadly high with a record 247 deaths and 15,192 people testing positive for Covid-19 in the last 24 hours.
  • Covid-19 deaths and infections will increase in the country due to increased movement of people during Eid-ul-Adha. There is no alternative to improving hospital management and isolating Covid patients to reduce deaths and infections, and the situation can get worse.
  • No alternative to isolation to reduce infections and deaths.  If 50% of positively infected patients can be isolated for 14 days, the infection will not spread and deaths will reduce. It is necessary to control the infection through strict wearing of masks and isolation-quarantine, as it is not possible for Bangladesh to reduce the infection through lockdown. Otherwise, the country’s situation is likely to be as in India.
  • The market started today with a mixed and downward trend from after sharp rise for first 2 minutes and continues with this downward movement up to 10:15 AM as DSEX fall below 6400 points to  6399.99 points at that moment.
  • The very next minute market tried to bounce back as DSEX was at 6400.93 points.
  • Since then market moved with a steady positive movement and DSEX reached to 6415.51 points by 11:09 AM.
  • Market again started to fall from 11:10 AM due to possible sell pressure amid of profit booking after a positive trend for over last 50 minutes and DSEX again fall below 6400 points marks to fall at 6398.29 points by 11:47 AM.
  • By 12:00 PM, market continues with its sharp downward movement as DSEX fall to 6386.86 points.
  • Now 1:15 PM, after Post-Closing session, at the end of today’s (Tuesday, July 27, 2021) trading,  the benchmark index of the Dhaka Stock Exchange, DSEX went down by -24.35624 points or -0.38033% to stand 6379.67649 points at the end of today’s session.
  • At the end of today’s trading, Market Turnover has increased and closed over Taka 1,460 crore range (Taka 14628.109 mn). It has increased by over Taka 33 crore (Taka 338.611 mn) , +2.36965% from previous day’s turnover of Taka 14289.498 mn.
  • Today a total of 373 company’s shares were traded. Among which prices have increased for 153 companies, prices have decreased for 194 companies and 26 companies have seen its prices remained unchanged.
  • Today’s  SECTORwise trading at DSE have seen  INSURANCE sector topped with over 13% of today’s market share followed by PHARMACEUTICALS & CHEMICALS sector.
  • SAIFPOWER has topped the list for highest traded shares in terms of total traded value of Taka 643.4770 mn followed by BPPL (Taka 509.0650 mn) and BEXIMCO (Taka 487.1630 mn ).
  • PEOPLESINS has also topped the list of most % price change with 9.914 % price increase followed by SAFKOSPINN (9.649%), EGEN (8.673%), GHCL (7.971%), BEACHHATCH (7.330%), TUNGHAI (6.452%),  CENTRALPHL (6.410%) price increases.
  • The Dhaka Stock Exchange has experienced RED ending for the second consecutive day as investors remained cautious today ahead of Bangladesh Bank’s stance on monetary policy, which is likely to be announced on July 29.
  • Since the stock market is correlated with the monetary policy so it has impact on the stock market.
  • The market fell as investors fear that the central bank may squeeze banks’ investment scope in the stock market.
  • The fear gripped the investors when the banking regulator sent letters to the scheduled banks to curb channeling of stimulus funds to the stock market.

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

Till then Good Bye. Thank You.

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