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The Financial Express
Swasti Lankabangla Swasti Lankabangla

New index CNI-DSE selective index go-live today

| Updated: December 28, 2019 10:51:18


New index CNI-DSE selective index go-live today

The prime bourse will launch one new index named--CNI-DSE Select Index (CDSET) as part of technical collaboration plan between DSE and strategic partner.

The index is designed and developed by Shenzhen Securities Information Company Ltd. and Dhaka Stock Exchange Ltd, said an official disclosure on Thursday.

The index will go-live today (Thursday) and index values will start displaying at homepage of DSE website on 1 January 2020, according to the disclosure.

The base date of the index is 31 December 2015 with base value of 1,000 points.

Earlier on November 9, this year, Liu Fuzhong, a director of the Shenzhen Stock Exchange, said they are going to introduce a new index at the DSE to attract Chinese investors to the secondary market of Bangladesh’s premier bourse. 

Fuzhong was speaking at the inaugural ceremony of the third China-Bangladesh Capital Market Cooperation Seminar in the southeastern Chinese city where a group of Bangladeshi journalists were present.

The SZSE and the DSE jointly organised the event at the conference room of the SZSE with V-next, Asian Tiger Capital Partners, and Kingdom Technology as co-organisers.

An SZSE-led Chinese consortium, made up of Shenzhen and Shanghai stock exchanges, became the strategic partner of the DSE in September last year by purchasing the Dhaka bourse’s 25 per cent stake.

The index has been formed by the SZSE in association with the DSE where well-performing stocks are included.

The index will give Chinese investors an idea on the performance of the companies listed on the DSE.

Mr Fuzhong said, “We are working with the DSE to improve the technology of a platform which will reduce information asymmetry on the listed companies. If information asymmetry does not prevail, manipulation reduces.”

Currently, DSE has three indices – DSE broad index, DSE 30 index and DSE Shairah Index.

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