FINANCIAL PORTALS IN BANGLADESH
Investors need the latest and most accurate information in order to stay current with the markets and follow appropriate trading strategies. Financial portals are meant to give clients all the relevant economic, market, industry, and company-specific financial information they need in one place. This information helps the users to better understand the stock market which allows them to make better strategic decisions while investing in shares of various companies.
What Is a Financial Portal?
Financial portals are websites or mobile applications that aggregate a wide range of financial data and information on a single platform. They serve as information hubs for users or clients, who are often investors and researchers, by providing the most recent financial data and news necessary for making proper investment decisions and getting proper insights about an investment. Usually, financial portals are cloud-based platforms that are generally customizable, which become an interactive dashboard showing only the relevant data needed by the user. Users can get information from financial portals, which leverage technology to give investors more control over their financial futures and help financial advisors work more efficiently by giving them up-to-date information.
There are many widely used financial portals such as Bloomberg, Investing, Marketwatch, Marketscreener, etc. that provide real-time data, news, and analytics to users all over the world regarding the global financial markets and economy. In addition to providing trading and other brokerage services, many stock brokerage firms also offer financial portals to their clients and other users. Generally, most of the features are free to use, while some portals require premium subscriptions to access some of the special features.
Benefits offered by the Financial Portals
The financial portals generally offer a wide array of features for the benefit of the users. Some common features include:
Real-Time Market Update
The most updated information regarding the stock market including index value, the volume of trades, index movers, top gainer/loser securities, etc. are available on the financial portals during and after the trading hours.
Market Sector Map
The updated performance data of the securities under each sector of the market are available so that users can gauge the overall condition of a particular sector on a particular trading day.
Economic Indicators Data
The most recent published data regarding the leading economic indicators can also be found in the financial portals which helps traders and investors perceive the overall condition of the economy that also influences their investment decisions.
IPO Archive
Many financial portals also provide information on previous, current, and upcoming IPOs, allowing users to stay up to date on the market’s IPOs.
Major Company Fundamentals
The major fundamental and price-sensitive information about the listed companies is also available in financial portals, allowing users to quickly find the most important and up-to-date information about specific security.
Recent Financial Statements
The most recent annual and quarterly financial statements are often available in the financial portals, which help users see the financials of a company for the last few years on a single platform, thus facilitating their analysis.
Historical Price Data
The historical market price data of a particular security can be found very easily using a financial portal. Some financial portals also allow users to download the data as well.
Technical Analysis Charts
The financial portals are mostly used by technical analysts as they offer almost all the tools required for the technical analysis of a particular security.
Recent Market News
It is critical for traders and investors to stay updated on the latest news and announcements concerning the capital markets and the economy. The financial portals help the users by accumulating all the relevant news on a single platform.
Simulated Portfolio
Some of the financial portals also offer simulated portfolio services to their users. Novice users can create their own portfolios using simulated software and track the performance of their portfolios.
Financial Portals in Bangladesh
The financial portals that are currently operating in Bangladesh are:
Amarstock
AmarStock is a stock market and data website or application that provides financial analysis, research, and data visualization services to its users. It offers a choice of free and premium services. The free features include stock screeners, market heat maps, comparison tools, performance indicators, and a wide array of charts. The premium features include real-time quotes, technical studies, interactive advanced charts, stock screening, layout customization, etc. It is designed and developed by AmarStock Limited.
LankaBangla Financial Portal
LankaBangla Financial portal is a full-fledged financial portal that provides live stock market data of Dhaka Stock Exchange, Financial Statements of all listed companies and mutual funds, Bangladesh money market and macroeconomic data, and global commodity market data. It has been developed by LankaBangla Securities Ltd. which is one of the leading stock brokerage firms in Bangladesh. It offers all of its features for free to its users.
Royal Capital Portal
Royal Capital Portal provides comprehensive information on the share market, including real-time stock/fund quotes, prices, performance data, analysis, news, charts, economy, and industry data to its users. It has been developed by Royal Capital Limited which is the top retail stockbroker in Bangladesh with a view to simplifying the stock market-related information to its clients to help them better understand the stock market. It offers all of its features to its users for free.
StockNow
StockNow is a financial markets platform providing real-time data, charts, financial tools, the latest news, and analysis of the Dhaka Stock Exchange. It offers two types of services; basic free services and VIP-Membership services. The basic free services include trade information, fundamental information, minute charts, basic charts, block trade data, technical charts,s, etc. The VIP-Membership services include unlimited price alarm, fundamental history, unlimited chart history, advanced technical analysis with customizable UI, etc.
Comparison of the Financial portals in Bangladesh
The following table shows a comparison of the financial portals that are currently available in Bangladesh based on the common features:
| Features | AmarStock | LankaBangla | Royal Capital Portal | StockNow |
| Real-time Market Update | Available | Available | Available | Available |
| Market Sector Map | Available | Available | Available | Available |
| Economic Indicators Data | Not Available | Available | Available | Available |
| Industry-wise Key Fundamentals | Not Available | Not Available | Available | Not Available |
| DSE Historical Trade Statistics | Not Available | Not Available | Available | Not Available |
| IPO Archive Data | Available | Available | Available | Not Available |
| Major Company Fundamentals | Available | Available | Available | Available |
| Recent Financial Statements | Available (A)* | Available (A+Q)* | Available (A+Q)* | Not Available |
| Historical Price Data | Not Available | Available | Available | Available |
| Technical Analysis Charts | Available | Available | Available | Available |
| Recent Market News | Available | Available | Available | Available |
| Block Trade Data | Available | Available | Not Available | Available |
| Simulated Portfolio | Available | Not Available | Not Available | Available |
| Mobile Application | Available | Not Available | Not Available | Available |
| Premium Subscription to access all features | Required | Not Required | Not Required | Required |
*Here A means Annual and Q means Quarter
So you can use any one or all of these according to the features you need for your investment analysis and portfolio management. Note that none of the financial portals provide any buy/sale recommendations. The investment decision solely depends on the discretion of the users.
