The Dhaka Stock Exchange (DSE) has reached a point where its shares are record cheap due to the recent macroeconomic turbulence and higher interest rates, which have diverted investments away from securities, according to leading stockbroker IDLC Securities.
The country’s two stock exchanges logged operating losses in the last fiscal year thanks to sluggish trading activities, according to official data, compelling the markets to resort to their fixed deposit income to avoid a net loss.
Designated as a basket case after gaining independence in 1971, Bangladesh silenced even its harshest critics as it transformed into one of the world’s foremost development cases.
The share prices of Sea Pearl Beach Resort and Spa Limited soared from Tk 60 to Tk 320 on the Dhaka Stock Exchange (DSE) within just one year after frenzied speculation in 2023 that a foreign investor would buy a significant stake in the company.
The way that the stock market has been run over the past 15 years under the Sheikh Hasina-led government can be best summarised as facilitative to the manipulation of stock prices.
Over the past 15 years, investors have fled the market, initial public offerings (IPOs) have been scarce and capital market growth has fallen short of expectations. Despite this dry market, the number of stock intermediaries entering the market increased steadily.
Share prices of most companies with directors connected to the immediate past Awami League government saw a big drop in the past month after the fall of Sheikh Hasina, though the market was in a rising trend during the period.
Stocks in Bangladesh climbed 1.6 percent yesterday, driven by a surge in the prices of some blue-chip companies such as Renata PLC and Linde Bangladesh.
The prime index gained for the third consecutive day
The Dhaka Stock Exchange (DSE) fell for the eighth consecutive day yesterday as both local and foreign investors went for sales amid lingering economic uncertainty and disappointing corporate earnings while institutional firms sat idle.
All indices of the Dhaka Stock Exchange (DSE) showed unusual figures yesterday due to an “operational error” that adversely impacted investor confidence, causing turnover to plummet amid huge sales pressure.
The indices of the Dhaka Stock Exchange (DSE) were showing “unusual” data due to an operational error today
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), gained 15 points, or 0.23 per cent, to close at 6,366.
