Daily Market Commentary

DSE Market Commentary @ September 5, 2021.

  • Welcome to the trading at Dhaka Stock Exchange (DSE) which has begun today on Sunday, September 5, 2021.
  • Today trading started at DSE with record breaking upward movement at 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.
  • Fifty-two new brokerage firms joined the Dhaka Stock Exchange (DSE) on Saturday as the premier bourse awarded the Trading Right Entitlement Certificate (TREC) to them.
  • The new TREC holders are entitled only to buy and sell shares and they will not hold shares of the DSE.
  • DSE Chairman Eunusur Rahman chaired the TREC handover programme at the Multi-Purpose Hall in DSE Tower in Nikunja, where Professor Shibli Rubayat-Ul-Islam, chairman of the Bangladesh Securities and Exchange Commission (BSEC), was the chief guest.
  • After adding the new firms, the DSE has 302 TREC holders, among which 250 are DSE shareholders.
  • BSEC, the stock market regulator is working to ensure the return for investors and corporate good governance in the capital market. Bangladesh Securities and Exchange Commission (BSEC) Chairman Prof Shibli Rubayat Ul Islam said that All savings funds, including remittance, will come to the stock market if proper return from listed companies can be ensured.
  • BXPHARMA’s proposal to acquire Sanofi Bangladesh has been approved by Bangladesh Bank.
  • Refer to their earlier news disseminated by DSE on 24.01.2021 regarding proposed acquisition of a majority stake in Sanofi Bangladesh Limited, the Company has further informed that the Company’s proposed acquisition of a majority stake in Sanofi Bangladesh Limited (“Sanofi Bangladesh”) has been approved by the Foreign Exchange Investment Department of Bangladesh Bank.
  • As anticipated, the Company and the Vendor will now seek to execute the Share Purchase Agreement. Further announcements will be made in due course.
  • GENEXIL has taken decision to invest in equity of 75% of Loginex Limited. The Company has informed that that the Board of Directors has approved the diversification of the business with the entry of the company into the fast growing E-commerce services with the introduction of a new service Loginex Limited, (A Genex Brand), to provide logistic services focusing on digitizing the logistic and Supply Chain Management ecosystem of the country. Loginex Limited aims to have 15,000+ varied sized/type transportation fleets on boarded on its network, and expects to be trusted by global brands of repute for managing their logistic services. Genex Infosys Limited will own 75% of the business, in joint collaboration with others. The company will have an initial paid up capital of Taka 10 Lac and Genex Infosys Limited will subscribe to 75% of this from its own source. The company has also informed that the above business is expected to generate approximately revenue of Taka 15 crore on average each year beginning in 2022.
  • The subscription of qualified investor offer (QIO) by Oryza Agro Industries Ltd will open today and continue till 9 September. The principal activities of the company are manufacturing and marketing fish and poultry feed
  • Foreign investors’ participation in the country’s equity market has witnessed a continuous fall as many frontier market investment funds have been closed and some big funds have withdrawn the money for investing in developed countries.
  • In fiscal 2020-21, foreign investors withdrew equity investment of Taka 1,870 crore from the capital market, while they invested Taka 2,346 crore a year ago. In that financial year, foreign transactions were Taka 8,432 crore, which was 13% lower than the previous year.
  • The falling trend continued in August this year, too. Foreign investors traded shares worth Taka 195.51 crore during 1-15 August this year at the Dhaka Stock Exchange (DSE), which was 57% lower than the previous year at the same time. But the DSE did not disclose foreign transactions and net investment for the last few months as it had disclosed it officially till 2020.
  • Large foreign investors have moved their investments from different frontier countries in the last few years as they increased activities in the developed market. As a frontier country, Bangladesh is suffering along with its peers.  Besides large investors, some fund managers have closed their offices in less developed countries like Bangladesh.
  • BSEC organized two road shows in the United Arab Emirates and the USA for highlighting the country’s economic outlook and prospects for attracting more investment by foreigners and non-resident Bangladeshis (NRBs) in order to make the country’s capital market more vibrant.
  • Bangladesh Securities and Exchange Commission (BSEC) launched an investigation against Vanguard Shares and Securities Limited, a brokerage house, over allegations of unauthorised trading, and embezzlement of client funds. The BSEC already appointed three officials from three concerned organisations to look into the matter, confirmed a BSEC source.
  • DSEX, the benchmark index of the Dhaka Stock Exchange (DSE) has crossed the 7,000 points milestone today for the first time in its history. During the first 20 minutes of the session opening on Sunday, DSEX jumped by 0.88% to reach 7.042 points.
  • Today market started with an upward movement at very first minute to break the record of 7,000 points mark of DSEX. At 10:00 AM DSEX reached to 7019.61 points.
  • The market turnover (total value of traded shares) was increasing very first from beginning and within first 30 minutes, market turnover crossed Taka 660 crore.
  • Marked continued to rise steadily and by 11:00 AM DSEX was at 7051.04 points.
  • Marked continued to move sidewise positively and by 12:00 PM DSEX was at 7059.26 points.
  • Marked remained positive and by 1:00 PM DSEX was at 7056.91 points.
  • Marked continued remain positive and  by 2:00 PM DSEX was at 7053.64 points.
  • Now 2:45 PM, after Post-Closing session, at the end of today’s (Sunday, September 5, 2021.) trading, DSEX, the key index of DSE, gained 71.76295 points or +1.02797% today to climb at the new high of 7052.82142 points on the bourse today.
  • At the end of today’s trading, Market Turnover has increased and closed over Taka 2,800 crore range (Taka 28,683.774 mn). It has increased by over Taka 394 crore (Taka 3,940.770 mn) , +15.92681% from previous day’s turnover of Taka  24,743.004 mn.
  • Today a total of 375 company’s shares were traded. Among which prices have increased for 208 companies, prices have decreased for 130 companies and 37 companies have seen its prices remained unchanged.
  • Today’s SECTORwise trading at DSE have seen again ENGINEERING sector topped today’s market share followed by TEXTILE sector.
  • BEXIMCO has topped the list for highest traded shares in terms of total traded value of Taka  1,834.3730 mn followed by LHBL (Taka 661.9910 mn) and BXPHARMA  (Taka 605.7060 mn).
  • MONOSPOOL and  ADNTEL have has topped the list of most % price change with 10% price increase followed by APEXSPINN (9.972%), SAMATALETH (9.961%), PAPERPROC (9.955%), TAMIJTEX (9.952%), DOREENPWR (9.948%) price increases.
  • The bull-run of the Dhaka Stock Exchange continued as the DSEX has crossed the threshold of 7,000 for the first time in history.
  • DSEX today to climb at the new high, alongside the market capitalization of the Dhaka bourse stood at the historically highest level of BDT 5,692.8 Bn.
  • Investors buoyancy led by positive regulatory measures has added strength to the capital market to hold its firm position.
  • The capital market is expected to extend the ongoing upward momentum due to the event of prevailing excess liquidity and dismal return in the money market.
  • Investors’ participation was agile on the bourse and the total turnover has significantly advanced by 15.93% and stood at BDT 28.68bn.
  • The upward movement of the indices has been aided by the price hike of large-cap companies.

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

Till  then  Good  Bye. Thank You.

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