Market capitalization decreased by another thousand crore taka

Staff Correspondent

The country’s stock market has been on a downward trend for three consecutive weeks. Shares and unit prices of most companies on the Dhaka Stock Exchange (DSE) fell over the past week. This reduced the market capitalization by another Tk 1,000 crore. At the same time, both the price index and the trading speed were down.

According to DSE data, the share and unit prices of 139 companies increased last week. On the contrary, the prices of 219 companies fell and the prices of 37 remained unchanged. This means that almost twice as many companies’ shares fell as their prices rose.

At the end of the week, the market capitalization of the DSE stood at 723,448 crore taka. At the end of the previous week, this figure was 724,466 crore taka. As a result, the market capitalization decreased by 1,180 crore taka or 1.14 percent in one week. The previous week, the market capitalization decreased by 146 crore taka and the week before that, it decreased by 3,180 crore taka.

The price index has also seen a decline. The main index DSEX fell by 34.80 points or 0.64 percent last week. In the previous two weeks, the index had fallen by 73.85 and 90.50 points respectively. As a result, the DSEX’s decline in the past three weeks has reached 198 points.

Of the other two indices, the DSE-30 Index fell 4.10 points or 1.19 percent. The DSE Shariah Index, which is made up of Islamic Shariah-based companies, fell 6.73 points or 1.57 percent.

The pace of transactions was also weak. Last week, the average daily transaction was Tk 583.76 crore, which is Tk 117.30 crore or 16.73 percent less than the previous week. The previous week, the average daily transaction was Tk 701.6 crore.

The highest number of transactions in terms of taka was in the shares of Samin Alliance Port. The company’s average daily transaction was 242.7 million taka, which is 4.16 percent of the total transactions. Khan Brothers PP Oven Bags was in second place with an average daily transaction of 217.4 million taka. Orion Infusion was in third place with an average daily transaction of 196.6 million taka.

Apart from this, the list of top ten companies by transactions includes Fareast Knitting, Techno Drugs, Trust Islami Life Insurance, Information Services Network, Sonali Paper, Asiatic Laboratories and Robi.