On Thursday (April 18), the last working day of the week, the country’s stock market fell sharply. Shares and unit prices of most of the companies fell, along with major declines in all indices. Through this, the share market fell in the four working days after Eid.
On this day, the main stock market Dhaka Stock Exchange (DSE) saw a decrease in the share and unit prices of 87 percent of the companies. In the Chittagong Stock Exchange (CSE), another stock market, the prices of shares and units of most companies have fallen. Shares and unit prices of most companies fell, but trading volume on DSE increased.
Earlier, when the country’s stock market continued to fall, the market capitalization of DSE decreased by more than one lakh crore rupees. However, before the start of the Eid holiday, the stock market is up for four consecutive working days. As a result, investors were expecting that the stock market will be in a positive trend after Eid.
But at the end of the Eid holiday, the share market has again seen a continuous decline. After the first three working days after the end of the Eid holiday, most of the companies registered their names in the price reduction list at the beginning of trading on Thursday.
The bearish trend seen at the beginning of the trade continues till the end of the trade. Even as the trading time increases, the decline level increases. As a result, the share and unit prices of most companies ended with a big fall in all indices.
At the end of the day’s trading, only 29 companies registered their names on the list of price hikes on DSE. On the contrary, the price has decreased in 342 companies. And the price of 24 remains unchanged. In this, the main price index of DSE, DSEX, fell by 77 points to 5,686 points.
The DSE-30 index, which consists of 30 companies, has fallen by 22 points to 1,984 points compared to the previous day. And the DSE Shariah index fell by 15 points to 1,246 points compared to the previous day.
Despite all price drops, the transaction on DSE increased to over Rs 500 crore. 522 crore 51 rupees were traded in the market throughout the day. 482 crore 53 rupees were traded on the previous working day. Accordingly, the transaction decreased by 39 crore 98 lakh taka.
Shares of Asiatic Laboratories contributed the most in this transaction. 39 crore 42 lakh shares of the company have been traded. Shares worth Tk 33 crore 21 lakh were traded in Best Holding which was ranked second. Lavello Ice Cream is in the third position with a share transaction of Tk 20 crore 95 lakh.
Besides, the list of top ten companies in terms of transactions on DSE includes – Alif Industries, Golden Son, Central Pharmaceuticals, Fu-Wang Food, Prime Finance First Mutual Fund, Fu-Wang Ceramics and Malek Spinning.
The other stock market CSE overall price index CASPI decreased by 215 points. 36 out of 211 firms participating in the market rose in price. On the contrary, the prices of 157 have decreased and the prices of 18 have remained unchanged. 18 crore 5 lakh taka has been transacted. 11 crores and 86 lakhs were traded on the previous day.
MAS/MAH/GKS
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