After a continuous upward trend, the country’s stock market has seen a continuous decline. Also, the transaction speed has decreased. Like the previous working day, on Wednesday (February 14) the share market also fell. Shares and unit prices of most institutions in all sectors, including banks, insurance, financial institutions, have fallen. Through this, the share market fell for three consecutive working days.
In Dhaka Stock Exchange (DSE), the share and unit prices of the companies that have increased, have decreased almost four times. In Chittagong Stock Exchange (CSE), another stock market, the prices of most of the companies have decreased. As a result, the main price index has decreased in both the markets.
At the end of the day’s trading, the share prices of most companies fell, but the beginning of the day’s trading was completely different. The main DSE index rose by 30 points in the first minute as trading started with the share prices of most companies rising.
However, before the end of the first hour of trading, most of the companies entered the price reduction list. As a result the index also becomes negative. While the index edged up slightly, selling pressure picked up in the last hour. As a result, the day’s trading ended with a fairly large fall in the major indices.
At the end of the day’s trading, the shares and units of 79 companies took place in the list of price increase in DSE. On the contrary, the price of 278 has decreased. And the price of 38 remains unchanged. While the prices of most of the companies fell, the share prices of 5 were halted (as high as possible in one day).
DSE’s main index DSEX fell by 23 points to 6,371 points as most companies cut prices. The DSE-30 index, which consists of 30 companies, has increased by 82 points compared to the previous day and stands at 2,172 points. And the DSE Shariah index decreased by 19.19 points to 1,391 points compared to the previous day.
Along with the main price drop, the volume of transactions has decreased. 1 thousand 173 crore 58 lakh taka has been traded in DSE. 1 thousand 646 crore 41 lakh taka was traded on the previous working day. As a result, the transaction decreased by 472 crore 83 lakh taka.
Shares of Best Holding contributed the most in this transaction. Shares of the company were traded worth Tk 121 crore 40 lakh. Shares of Lavello Ice Cream, ranked second, were traded worth Tk 50 crore 62 lakh. Fortune Suz is in the third place with a share transaction of Tk. 42 crores and 42 lakhs.
Besides, the top ten companies in terms of transactions on DSE include Fu-Wang Ceramics, Orion Infusion, Orion Pharma, Aftab Automobile, Malek Spinning, IFIC Bank and AB Bank.
The other stock market CSE overall price index CASPI decreased by 102 points. 56 of the 269 firms that participated in the market rose in price. On the contrary, the prices of 192 have decreased and the prices of 21 have remained unchanged. 44 crores 22 lakhs have been transacted. 24 crore 92 lakh taka was traded on the previous day.
MAS/MAH/GKS
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