DSE recovers on BSEC moves

Trading will take place at 10:30am-1:30pm from Sunday

The country’s premier bourse, Dhaka Stock Exchange (DSE), bounced back yesterday buoyed by emergency crisis response effort from capital market regulator. According to new circuit breaker, opening price of any listed security will be set at the average of the closing price of immediately preceding five trading days of yesterday. The trading started at 2:00pm yesterday, three-and-a-half hour delay, due to technical adjustments and lasted only for 30 minutes.

The key index of the prime bourse, DSEX, shot up 371 points or 10.29 per cent to settle at 3,975, after losing 628 points in four trading sessions. The DSE key index also shed 1,165 points, wiping out market capitalisation of Tk 698 billion in a month until Wednesday as the coronavirus pandemic wreaked havoc on stocks. DSEX also lost 279 points on March 9, the biggest single-day fall since its inception in 2013, a day after Bangladesh confirmed three cases of Covid-19.  DSE said, trading will take place at 10:30am to 1:30pm from Sunday next and continue until further decision due to anxiety over coronavirus pandemic.

Two other indices also saw steep rise. The DS30 index, comprising blue chips, rose 122 points to reach at 1,325 and the DSE Shariah Index jumped 84.65 points to stand at 919. Turnover stood at Tk 491 million, which was 88.6 per cent lower than the previous day’s turnover of Tk 4.29 billion amid short period of trading time. Of the issues traded, 141 advanced, 49 declined and 152 remained unchanged on the DSE trading floor.

The market-cap of the DSE also rose to Tk 3,107 billion on Thursday, from Tk 2,873 billion in the previous session. Monno Ceramic topped the turnover chart with shares worth Tk 40 million changing hands, closely followed by Uttara Bank, Square Pharma, National Bank and Mercantile Bank.

Hakkani Pulp and Paper was the day’s best performer, posting a gain of 29.34 per cent while BIFC was the worst loser, losing 13.04 per cent. However, the Chittagong Stock Exchange kept losing despite circuit breaker with its All Shares Price Index (CASPI)—losing 170 points to close at 10,963 and the Selective Categories Index - CSCX –slumping by 105 points to finish at 6,641.

DSE recovers on BSEC moves

Trading will take place at 10:30am-1:30pm from Sunday

The countrys premier bourse, Dhaka Stock Exchange (DSE), bounced back yesterday buoyed by emergency crisis response effort from capital market regulator. According to new circuit breaker, opening price of any listed security will be set at the average of the closing price of immediately preceding five trading days of yesterday. The trading started at 2:00pm yesterday, three-and-a-half hour delay, due to technical adjustments and lasted only for 30 minutes. The key index of the prime bourse, DSEX, shot up 371 points or 10.29 per cent to settle at 3,975, after losing 628 points in four trading sessions. The DSE key index also shed 1,165 points, wiping out market capitalisation of Tk 698 billion in a month until Wednesday as the coronavirus pandemic wreaked havoc on stocks. DSEX also lost 279 points on March 9, the biggest single-day fall since its inception in 2013, a day after Bangladesh confirmed three cases of Covid-19. DSE said, trading will take place at 10:30am to 1:30pm from Sunday next and continue until further decision due to anxiety over coronavirus pandemic. Two other indices also saw steep rise. The DS30 index, comprising blue chips, rose 122 points to reach at 1,325 and the DSE Shariah Index jumped 84.65 points to stand at 919. Turnover stood at Tk 491 million, which was 88.6 per cent lower than the previous days turnover of Tk 4.29 billion amid short period of trading time. Of the issues traded, 141 advanced, 49 declined and 152 remained unchanged on the DSE trading floor. The market-cap of the DSE also rose to Tk 3,107 billion on Thursday, from Tk 2,873 billion in the previous session. Monno Ceramic topped the turnover chart with shares worth Tk 40 million changing hands, closely followed by Uttara Bank, Square Pharma, National Bank and Mercantile Bank. Hakkani Pulp and Paper was the days best performer, posting a gain of 29.34 per cent while BIFC was the worst loser, losing 13.04 per cent. However, the Chittagong Stock Exchange kept losing despite circuit breaker with its All Shares Price Index (CASPI)losing 170 points to close at 10,963 and the Selective Categories Index - CSCX slumping by 105 points to finish at 6,641.