After seven consecutive working days of price decline, the last working day of last week saw some upside in the stock market of the country. However, on the first working day of this week, Sunday, the stock market fell again.
The main stock market Dhaka Stock Exchange (DSE) and another stock market Chittagong Stock Exchange (CSE) saw a decrease in the share and unit prices of most of the companies. As a result, the main price index has decreased in both the markets. Along with that, the volume of transactions has also decreased.
Earlier, the benchmark DSE fell 190 points in a seven-day streak of decline. Besides, the transaction which went above one and a half thousand crores came down to seven hundred crores. After such a fall, the main index of DSE increased by 17 points last Thursday.
In this situation, trading in the stock market started on Sunday by increasing the share prices of most companies. The main index of DSE increased by 17 points after the start of trading. The main index of DSE rose by 28 points at one stage of trading as the share and unit prices of most companies continued to rise.
However, after the first hour of trading, the picture of the market started to change. One by one, companies move from the price increase list to the price decrease list. This process continues until the end of the transaction. As a result, on the one hand, the list of falling prices is large, on the other hand, the price falls and the day’s trading ends.
At the end of the day’s trading, 96 companies have entered the list of price hikes on DSE. On the contrary, the price of 243 companies has decreased. And the price of 56 remains unchanged.
DSE’s main price index DSE-X fell by 14 points to 6,259 points. The DSE-30 index, which consists of 30 companies, is down 2 points compared to the previous day at 2,137 points. And the DSE Shariah index rose by 2 points to 1,362 points compared to the previous day.
Along with the decline in major indices, the volume of transactions also decreased. 804 crores 98 lakhs were traded in DSE. The transaction on the previous working day was Tk 862 crore 18 lakh. Accordingly, the transaction has decreased by 57 crore 20 lakh taka.
Shares of Best Holding contributed the most in this transaction. The shares of the company have been traded worth Tk 39 crore 8 lakh. 34 crore 44 lakh shares of Central Pharmaceuticals in the second place were traded. Gemini Sea Food is in third place with a share transaction of Tk 28.4 million.
Besides, the list of top ten companies in terms of transactions on DSE includes – Fortune Suze, Fu-Wang Ceramics, Lavello Ice Cream, Alif Industries, Munnu Fabrics, Orion Infusion and BD Thai Aluminum.
Another stock market Chittagong Stock Exchange (CSE) overall value CASPI decreased by 73 points. 78 of the 247 institutions that participated in the market rose in price. On the contrary, the prices of 138 have decreased and the prices of 31 have remained unchanged. 12 crore 21 lakh taka has been transacted.
MAS/MHR/JIM
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