Dhaka stocks closed flat on Tuesday in volatile trading as retail investors went for sell-offs while institutional ones bought shares. DGEN, the benchmark general index of Dhaka Stock Exchange, lost 0.003 per cent, or 0.12 points, to close at 4,092.16 points
stockmarket
ADB offers $215m for stockmarket reforms
Lender attaches 26 conditions to credit The government will have to form a special tribunal to deal with capital market related cases, in line with the conditions the Asian Development Bank has attached to a $215 million credit offer for Bangladesh. The government will also have to limit banks’ exposure to the capital market. The ... Read more
15 new securities enter stockmarket
Fifteen new securities found their way into the stockmarket this year, up from 13 last year, although the market showed clear signs of volatility in 2011 with twin price debacles. Eight equity securities, six mutual funds or investment securities and a convertible bond came to the stockmarket, according to data from Dhaka Stock Exchange. The ... Read more
Banks’ move fails to lift stocks
Key index of Dhaka bourse plunges 180 points No efforts from the regulator and the private sector proved effective to pro up the stumbling stockmarket, which yesterday slipped again by more than 3 percent. Owners of commercial banks, under their platform Bangladesh Association of Banks (BAB), decided on Sunday to launch a Tk 5,000 crore ... Read more
Submarine Cable Company submits IPO prospectus
Bangladesh Submarine Cable Company has submitted its initial public offering (IPO) prospectus to the stockmarket regulator, revising its previous listing plan, officials said. Earlier the telecom service provider planned listing through a direct listing method, but now it opts for a fixed price system. Under the revised plan, the company will float 3.10 crore ordinary ... Read more
New fund to prop up troubled stockmarket
The private sector has stepped in to rescue the ailing stockmarket with a ‘market stabilisation fund’ that also aims to give a new lease of life to retail investors who incurred losses. AK Azad, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), yesterday announced a concept paper on the fund after ... Read more
Stocks suffer swings, end in the red
Stocks fluctuated yesterday before settled in the negative zone as the investors went for selling shares to pocket profit. The benchmark general index of Dhaka Stock Exchange, DGEN, shed 14 points or 0.22 percent to end at 6,627. On the port city’s bourse, the selective categories index, CSCX, the main yardstick
Stocks buck gaining trend
Twin bourses ended a four-day gaining streak yesterday as investors sold shares for profit-taking. The benchmark general index, DGEN, the yardstick of Dhaka Stock Exchange, lost 14 points, or 0.21 percent, to end the day at 6,669. On the port city’s bourse, the selective categories index, CSCX, the indicator of Chittagong
Dhaka stocks gain on GP, NBFIs surge
Dhaka stocks gained again on Tuesday with a sharp rise of share prices of two largest companies—GrameenPhone and MJLBD—and all non-bank financial institutions. The benchmark general index of Dhaka Stock Exchange, or DGEN, on the day gained 100.99 points, or 1.55 per cent, to close at 6,587.58
Stocks rise for seventh day
Stocks gained for a seventh day as investors went on a buying spree to cash in on the lower price earnings ratio of individual sectors. The benchmark general index of Dhaka Stock Exchange, DGEN, rose 48 points or 0.78 percent to 6,562. On the port city’s bourse, the selective categories index of Chittagong Stock Exchange, ... Read more
Stocks gain for sixth day
Stocks gained for a sixth day as buyers went on a buying spree as the market has been showing signs of recovery for the last few days. The benchmark general index of Dhaka Stock Exchange, DGEN, went up 56 points or 0.87 percent, to end the day at 6,514
Stocks continue gaining streak
Stocks gained yesterday for a fifth day with a significant turnover as investor confidence was boosted by the recent government initiatives despite a shutdown until noon. The benchmark general index of the Dhaka Stock Exchange, DGEN, went up 20 points or 0.32 percent, to end the day at 6,458. The selective categories index of the ... Read more
Stock turnover hits six-month high
Stocks gained for a fourth day with a high turnover as investors went for fresh buying of shares hopping that the market will gain gradually despite a 30-hour countrywide shutdown. The turnover on the premier bourse rose to Tk 1,646 crore, a six-month high. That was a 22.1 percent rise from the previous day’s Tk ... Read more
Bangladesh Fund floated
The much-talked-about ‘Bangladesh Fund’ entered the stockmarket formally on Thursday by purchasing shares of the state-run Titas Gas. The Securities and Exchange Commission (SEC), a day ago, approved the registration of Tk 5,000 crore fund
Further probe needed before action: Muhith
He gives no timeline for fresh probe into share scam The government on Saturday made public the investigation report on January’s stock market debacle suggesting further investigation before bringing charges against any individuals or organisations but gave no timeline for a fresh probe. The finance minister, Abul Maal Abdul Muhith, at a briefing on Saturday ... Read more
Banking Division offers recipe for stockmarket
The Banking Division of the finance ministry has recommended 11 steps to the government as measures to curb stockmarket manipulation. The recommendations were based on a review of a report submitted by a stockmarket probe committee. According to the Banking Division, a law should be in place to regulate the issue of preference
Share splitting used as a tool to inflate prices
Stockmarket Probe Report Share splitting used as a tool to inflate prices Split of shares used as a tool to sweep up small investors’ money had been a major reason behind the massive price inflation on the stockmarket, said the government probe committee on the recent market debacle. Market capitalisation of the companies, which split ... Read more
Stocks pass chaotic week
Govt sits with merchant bankers today The government sits today with merchant bankers to find ways to bring stability to the troubled stockmarket. The officials of the market regulator will also be present during the talks. The last week went through chaos, as the general index of the prime bourse plunged 9.21 percent amid credit ... Read more
Investors run riot again
Small investors went on a rampage at Motijheel commercial area on Tuesday, vandalising scores of vehicles and business establishments after the general index of Dhaka Stock Exchange plunged again in mid-day trading. Police detained three investors, while 15 investors and police were injured in two-hour
Frequent changes in directives unnerve investors: experts
Frequent changes in the directives by the stock market regulators and a decreased participation of large and institutional investors have resulted in the current crisis in the Dhaka bourse which collapsed again on Sunday, analysts said. They said a section of institutional investors, who had already taken away from the market