Will This Endless Decline in the Stock Market Ever Stop?

Economic Desk

Although trading volumes have increased, the decline in the stock market of Dhaka has continued for the fourth consecutive day. Investors’ frustration has reached its peak, and they are questioning when this situation will improve.

On Wednesday, January 15, after trading, the main index of the Dhaka Stock Exchange (DSE), DSEX, fell by 8 points. In addition, the blue-chip index, DS-30, dropped by 6 points, and the Shariah-based index, DSES, decreased by 1 point.

Out of the companies that participated in trading, the share price of 145 increased, 182 decreased, and 69 remained unchanged.

Despite the fall in the index, trading volume increased by 55 crore BDT. By the end of the day, a total of 143,000 shares worth 406 crore BDT were exchanged, amounting to 16.9 million transactions.

Company Status by Category:

• Category ‘A’: Out of 217 companies, the price of 54 increased, 127 decreased, and 36 remained unchanged.
• Category ‘B’: Out of 89 companies, the price of 41 increased, 35 decreased, and 13 remained unchanged.
• Category ‘Z’: Out of 85 companies, the price of 47 increased, 19 decreased, and 19 remained unchanged.

On this day, two companies listed on DSE announced dividends for their investors. GPH Ispat and JMIE Syringe and Medical Devices are offering a 10% dividend for the 2024 share investment.

DSE authorities have moved three companies from the ‘A’ category to the ‘Z’ category: Sonali Life Insurance, Union Bank, and Sea Pearl Beach Resort. Brokerages and merchant institutions have been instructed not to offer loan facilities for purchasing shares of these companies.

The downward trend is also continuing on the Chittagong Stock Exchange (CSE). The main index of CSE, CSCX, fell by 5 points. Out of 193 companies, the price of 85 increased, 81 decreased, and 27 remained unchanged.