Out of five trading days last week, the country’s stock market fell on four trading days. Along with the decline in the price index throughout the week, a large number of companies entered the list of price cuts. In one week, the market capitalization of Dhaka Stock Exchange (DSE), the main stock market, has decreased by over Tk 4,000 crore. With this, the market capitalization of DSE has decreased by more than 10 thousand crore rupees in two consecutive weeks.
In addition to falling market capitalization and price indices, trading speed slowed down last week. The average daily trading volume on DSE fell by almost half during the week. Average daily turnover has fallen by over 43 percent. And the main price index fell about one percent.
Over the last week, shares and units of 121 companies participating in trading on the DSE have entered the list of gainers. On the contrary, the price of 247 has decreased. And the price of 30 remains unchanged. That is, 62 percent of the company’s share and unit prices have decreased.
Market capitalization of DSE stood at Tk 7 lakh 62 thousand 14 crore at the end of the last working day of the week as most of the institutions reduced their prices. Which was 7 lakh 66 thousand 466 crore on the last working day of last week. That is, the market capitalization of DSE has decreased by Tk 4 thousand 452 crore or decimal 58 percent during the week. In the previous week, the market capitalization decreased by Tk 6,600 crore or decimal 78 percent. In this, the market capital decreased by 10 thousand 512 crores in two weeks.
Meanwhile, DSE’s main price index DSEX fell by 62.30 points or 98.98 percent. The index fell by 37.10 points or 58.58 percent in the previous week. That is, the index has decreased by 99.40 points in two weeks.
The DSE-30 index, made up of selected good companies, fell alongside the main price index. This index decreased by 17.49 points or 81.81 percent during the last week. The index rose by 18.84 points or 88.8 percent in the previous week.
And the DSE Shariah index, which comprises companies operating on the basis of Islamic Shariah, fell by 21.69 points or 1.57 percent last week. The index fell by 5.11 points or 37.37 percent in the previous week.
All the price indices fell along with the speed of transactions. An average of Tk 842 crore 53 lakh was transacted on DSE every working day of the week. In the previous week, the average daily transaction was 1 thousand 488 crore 7 lakh taka. That is, the average transaction per working day has decreased by 645 crore 54 lakh taka or 43.38 percent.
And the total transaction in DSE during the week was 3 thousand 370 crore 14 lakh taka. In the previous week, the total transaction was 7 thousand 440 crore 39 lakh taka. Accordingly, the total transaction has decreased by 4 thousand 70 crore 25 lakh taka or 54.70 percent. Total transactions fell at a higher rate as there was one less trading day last week.
Shares of Best Holdings were the most traded in terms of rupees on DSE during the week. The company’s shares were traded at Tk 144 crore 1 lakh, which is 4.27 percent of the total transaction. Shares of Orion Infusion, which is in second place, were traded at Tk 138 crore 49 lakh. Fu-Wang Ceramics is in the third place with Tk 113 crore 46 lakh by Lenaden.
Apart from this, the list of top ten trading companies includes Aftab Automobile, Lavello Ice Cream, Central Pharmaceuticals, Munnu Fabrics, Fortune Suz, Robi and Bangladesh Shipping Corporation.
MAS/SNR/ASM
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