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Stocks turnover sharply grows in August

Both DSE and CSE enjoy turnover growth of 93.61 percent and 88.85 pc respectively after lockdown is lifted

  • Anisul Islam Noor
  • 3 October, 2021 12:00 AM
  • Print news
Stocks turnover sharply grows in August

Share markets have been enjoying a high amount of participation from investors since the lockdown is lifted in early August.

Dhaka Stock Exchange turnover increased by 93.61 percent in August from July while Chittagong Stock Exchange turnover witnessed 88.85 percent growth during the period.

Bangladesh Bank’s report on capital market development stated that in August 2021, both DSE and CSE exhibited upward trend in terms of index and turnover as compared to July 2021.

Total turnover of traded shares of DSE and CSE were Tk 451.19 billion and Tk 17.09 billion respectively at the end of August 2021.

Broad index of DSE and all share price index of CSE rose to 6869.25 points and 19997.45 points respectively in August 2021, which was 6425.26 points and 18635.40 points respectively in July 2021, the BB report said.

Bangladesh Bank spokesperson Md. Serajul Islam said the capital markets act as a bridge of long-term financing for the industrial development of a country through the selling and purchasing of shares, debentures, bonds, mutual funds, treasury bills, certificates.

The turn-over of capital market contributes to industrial development and the gross domestic products (GDP) of the country, he said.

Chairman of Bangladesh Securities Exchange Commission (BSEC) Professor Shibli Rubayat-Ul-Islam told the daily sun that the BSEC took different regulatory measures to bring a sustainability in the markets.

He said BSEC enhanced monitoring in the stock markets even through social media so that none can spread rumors among investor.

According to the BB report, in the DSE, total number of the listed securities stood at 611 in August 2021.

Of them, 343 are companies, 37 mutual funds, 221 government bonds, eight debentures, and two corporate bonds.

The number of companies consists of 32 banks, 23 financial institutions, 51 insurance companies and 237 others companies.

The total turnover value of traded shares was TK 451.19 billion during August 2021 which was 93.61 percent higher than that of July 2021 and 142.34 percent higher than that of the same month of the last year.

The market capitalization of DSE stood at Tk 5579.72 billion in August 2021 which was 4.41 percent higher than Tk 5344.05 billion at the end of July 2021.

It was also 50.87 percent higher than that of Tk 3698.34 billion in August 2020.

The ratio of market capitalization to GDP (at current market price) stood higher at 18.53 percent in August 2021 which was 17.75 percent in July 2021. 

The total number of listed securities in CSE stood at 351 at the end of August 2021.  Total turnover value of traded shares was Tk 17.09 billion during August 2021, which was 88.85 percent higher than that of July 2021 and 187.57 percent higher than that of the same month of the previous year.

The market capitalization of CSE stood at Tk 4804.20 billion in August 2021, which was 4.97 percent higher than that of July 2021 and 60.30 percent higher than that of August 2020.

All Share Price Index of CSE stood at 19997.45 points in August 2021 which was 7.31 percent higher than 18635.40 points in July 2021 and 43.78 percent higher than 13908.14 points in August 2020.