In the last two working days of the last week, the prices of shares and units of most of the companies participating in the stock market increased. Based on this, the value has increased within a week. Along with that, the market capitalization has increased. The market capitalization of the main stock market Dhaka Stock Exchange (DSE) increased by Tk 679 crore in a week.
However, the recent fall in prices has left investors with heavy losses. The losses of the investors have increased to more than lakhs of rupees. Investors have suffered losses due to the fall in prices of shares and units of listed companies.
The fall in the stock market started after January 17 of this year. This decline continued at the beginning of this week. But on the last two working days of the week, the market moved upwards. Bangladesh Securities and Exchange Commission (BSEC) lifted the floor price on January 18 after keeping the share price at one place for a long time. Then there was a big shock in the stock market. Just as the stock market was recovering from this shock, the controversial Z Group decision was taken which accelerated the stock market fall.
On February 15, the regulatory body BSEC issued a directive on the basis of which the listed companies will go to the Z group. The last point of the directive states that the directive will come into effect from the date of next dividend declaration or annual/interim dividend declaration of the issuer company.
Despite such instructions from the regulatory body, 22 companies were suddenly transferred from the Dhaka Stock Exchange (DSE) to the Z Group on February 18. It was later announced that no more companies would be added to the Z Group, but later several more companies were added to the Z Group. In this way, after some companies were taken to Z Group, the stock market fell in price.
On January 17, the market capitalization of DSE was Tk 7 lakh 88 thousand 449 crores. The market capitalization at the beginning of last week’s trading has decreased to Tk 6 lakh 79 thousand 229 crore. That is, the market capitalization of DSE lost 1 lakh 9 thousand 220 crores.
By the end of last week, the market capitalization increased by Tk 679 crore as the market returned to an upward trend. That is, compared to January 17, the market capitalization of DSE is still less than 1 lakh 8 thousand crore rupees. A fall in market capitalization means that the share and unit prices of listed companies have collectively fallen by that amount. In other words, investors have lost that amount of money.
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Out of the five trading days in the stock market last week, three trading days were up. In this, shares and units of 188 companies participating in trading on DSE during the week have entered the list of price increase. On the contrary, the price of 168 has decreased. And the price of 39 remains unchanged.
The market capitalization of DSE stood at Tk 6 lakh 79 thousand 908 crore at the end of the last working day of the week due to more companies on the price increase list. Which was 6 lakh 79 thousand 229 crores on the last working day of last week. That is, the market capitalization of DSE has increased by Tk 679 crore within a week.
Meanwhile, DSE’s main price index DSE-X increased by 17.79 points or 31.31 percent. The index fell by 163.34 points or 2.75 percent in the previous week.
The DSE-30 index, which is made up of better companies picked between the other two indices, rose by 3.84 points or 19.0 percent last week. The index fell by 46.63 points or 2.27 percent in the previous week.
And the DSE Shariah index, which consists of companies managed on the basis of Islamic Shariah, rose by 11.87 points or 95.95 percent last week. The index fell by 38.49 points or 2.98 percent in the previous week.
Despite the rise in prices, the speed of transactions has slowed down a bit. An average of Tk 434 crore 84 lakh was traded on DSE every working day of the week. In the previous week, the average daily transaction was Tk 493 crore 93 lakh. That is, the average transaction per working day has decreased by 59 crore 9 lakh taka or 11.96 percent.
Shares of Shinepukur Ceramics were the most traded in terms of rupees on DSE during the week. On a daily average, the company’s shares were traded at Tk 23 crore 57 lakh, which is 5.42 percent of the total trade. The shares of Alif Industries in the second place were traded at an average of Tk 20 crore 71 lakhs daily. Central Pharmaceuticals is in the third position with a transaction of Tk 20 crore 11 lakh.
Besides, the list of top 10 traded companies includes – Malek Spinning, Asiatic Laboratories, Lavello Ice Cream, Emerald Oil, Fu-Wang Ceramics, Golden Son and Square Pharmaceuticals.
MAS/MHR/MS
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