DSEX and DS30 indexes reshuffled - Share market analysis of dhaka stock exchange, Bangladesh

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21 July, 2016 10:56 AM Source: Dhaka Tribune

The Dhaka Stock Exchange (DSE) has rearranged its broad and blue chip indexes with effect from Sunday as part of its semi-annual rebalancing of the indexes.

In accordance with the DSE Bangladesh Index Methodology, designed by S&P Dow Jones Indices, DSEX and DS30, have been reconstituted, said a DSE statement yesterday.

Doreen Power Generations and Systems Limited have met all criteria of quarterly IPO addition and qualified as eligible constituents of DSEX.

In addition, four companies – National Bank, Meghna Petroleum, Bangladesh Steel Re-Rolling Mills and Singer Bangladesh – are being added to the DS30 index.

On the other hand, four existing constituents of DS30 Index – Pubali Bank, United Airways (BD), Aftab Automobiles and Khulna Power Company – are being dropped from DS30 Index as they didn’t comply with the requirements to retain their membership.

DSEX reflects around 97% and DS30 around 51% of the total equity market capitalisation. The criteria for inclusion in DSEX includes that a company must have a float–adjusted market capitalisation above Tk100 million, and for DS30, a company must have a float-adjusted market capitalisation above Tk500 million.

At each semi-annual rebalancing, if a current index constituent falls below Tk50 lakh but is no less than Tk30 lakh, the stock remains in the index provided it also meets the other eligibility criteria.

In addition, all eligible stocks for the DSE indexes are required to trade at least half of normal trading days each month for the three months prior to the rebalancing reference date. 

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