Stock Index
Introduction:
Stock index is very much important leading indicator which can be used for several purposes. It can be used as a benchmark to judge the performance of professional money managers. It can be used to facilitate the establishment and maintenance of several types of index fund and exchange traded fund (ETF). Securities analysts, portfolio managers, and academicians doing research use stock market indexes to examine the factors that influence aggregate security price movements and to compare the risk-adjusted performance of alternative asset classes. Finally it can be used as a proxy for the market portfolio of risky asset that facilitate the calculation of market return and risk. Stock index can be a price weighted index, a value weighted index and an unweighted index or an equal-weighted index. Dhaka Stock Exchange has three indexes, namely, DSI, DGEN and DS20. All are market value weighted index and these are calculated according to the IOSCO (International Organization of Securities and Exchange Commission) method. Dhaka Stock Exchange calculates current index on real time basis as well as closing index for every trading day.
Stock index:
There are three indices in the DSE as follows:
|Sl. No |Index Name |Base Index | Latest Index (05.08.08) |
|1 |DSI (all shares) |350 (as on 01-11-1993) |2332.90585 |
|2 |DGEN |817.63704 (as on 24-11-2001) |2714.33358 |
| |(A, B & G) | | |
|3 |DS20 |1000 (as on 01-01-2001) |2482.85967 |
DSI: ✓ It is a value weighted index. ✓ It is
Stock index is very much important leading indicator which can be used for several purposes. It can be used as a benchmark to judge the performance of professional money managers. It can be used to facilitate the establishment and maintenance of several types of index fund and exchange traded fund (ETF). Securities analysts, portfolio managers, and academicians doing research use stock market indexes to examine the factors that influence aggregate security price movements and to compare the risk-adjusted performance of alternative asset classes. Finally it can be used as a proxy for the market portfolio of risky asset that facilitate the calculation of market return and risk. Stock index can be a price weighted index, a value weighted index and an unweighted index or an equal-weighted index. Dhaka Stock Exchange has three indexes, namely, DSI, DGEN and DS20. All are market value weighted index and these are calculated according to the IOSCO (International Organization of Securities and Exchange Commission) method. Dhaka Stock Exchange calculates current index on real time basis as well as closing index for every trading day.
Stock index:
There are three indices in the DSE as follows:
|Sl. No |Index Name |Base Index | Latest Index (05.08.08) |
|1 |DSI (all shares) |350 (as on 01-11-1993) |2332.90585 |
|2 |DGEN |817.63704 (as on 24-11-2001) |2714.33358 |
| |(A, B & G) | | |
|3 |DS20 |1000 (as on 01-01-2001) |2482.85967 |
DSI: ✓ It is a value weighted index. ✓ It is