IDEAS home Printed from https://ideas.repec.org/a/eco/journ1/2024-06-29.html
   My bibliography  Save this article

Financial Indicators Shaping Share Price Movement: Insight from the Dhaka Stock Exchange SME Board

Author

Listed:
  • Md. Yousuf Ahammed

    (Department of Business Administration, Bangladesh Army International University of Science and Technology, Cumilla, Bangladesh)

  • Md. Ariful Haque Chowdhury

    (Department of Business Administration, Bangladesh Army International University of Science and Technology, Cumilla, Bangladesh)

  • Md. Tahidur Rahman

    (Department of Business Administration, Bangladesh Army International University of Science and Technology, Cumilla, Bangladesh)

  • Shayla Tazminur

    (Department of Business Administration, Bangladesh Army International University of Science and Technology, Cumilla, Bangladesh)

Abstract

This study intends to explore the parameters that influence the share price movement of companies listed under the SME board on Dhaka Stock Exchange (DSE). The small capital platform, popularly known as the SME board is a specialized to trade share of Small and Medium Sized Enterprises (SMEs). Based on secondary data, the present study used three independent variables, such as Earning Per Share (EPS), Price Earning (P/E) ratio, and Net Asset Value (NAV) per share to evaluate the fluctuations of share price in the market. All the companies listed on the DSE SME board were taken into consideration for the current study. Relevant Data concerning dependent and independent variables were collected from the DSE website. Average closing price of selected shares were collected during March 15, 2022–March 14, 2023. The study performed descriptive statistics, correlation, and regression analysis using Statistical Package for Social science (SPSS) software. The study revealed that the fluctuations of share price of SME companies was significantly influenced by EPS, Net Asset NAV per share, and P/E ratio. This maiden study is expected to have implications to companies intending to be listed, investors, regulators, and other stakeholders in Bangladesh.

Suggested Citation

  • Md. Yousuf Ahammed & Md. Ariful Haque Chowdhury & Md. Tahidur Rahman & Shayla Tazminur, 2024. "Financial Indicators Shaping Share Price Movement: Insight from the Dhaka Stock Exchange SME Board," International Journal of Economics and Financial Issues, Econjournals, vol. 14(6), pages 267-272, October.
    • Handle: RePEc:eco:journ1:2024-06-29
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijefi/article/download/17136/8351
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijefi/article/view/17136
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    EPS; P/E Ratio; NAV per Share; DSE SME Board;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ1:2024-06-29. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.