Stock market plunges, trading volume drops

❐ Staff Reporter

On Sunday, the first working day of the week, the main stock market Dhaka Stock Exchange (DSE) witnessed a sharp decline in prices. As a result, the main price index fell. Along with this, the volume of transactions decreased. However, despite the sharp decline, the share prices of several large-capitalization companies increased.

This has increased the selected index. In another stock market, the Chittagong Stock Exchange (CSE), more companies have registered their names on the list of declining prices than those that have increased prices. As a result, the price index has decreased. Along with this, the volume of transactions has decreased.

Trading on the DSE began on Sunday, June 21st, with share and unit prices of most companies increasing. As a result, the index showed an upward trend at the beginning of trading.

However, towards the end of the transaction, a class of investors increases selling pressure. Many companies move from the price-rising list to the price-decreasing list. This increases the price-decreasing list.

At the end of the day’s trading, shares and units of 71 companies were listed on the DSE’s price growth list across all sectors. On the other hand, 298 companies saw their prices decline and 27 remained unchanged.

Meanwhile, among the good companies or those paying dividends of 10 percent or more, the share prices of 45 increased. On the contrary, the prices of 143 decreased and the prices of 13 remained unchanged.

The share prices of 15 companies paying moderate dividends or less than 10 percent increased. On the contrary, the prices of 58 companies decreased and the prices of 2 remained unchanged.

Among the companies placed in the ‘Z’ group due to non-payment of dividends to investors, the share prices of 11 increased. On the other hand, the prices of 97 decreased and the prices of 12 remained unchanged. And among the listed mutual funds, the prices of 3 increased. On the other hand, the prices of 23 decreased and the prices of 8 remained unchanged.

As the list of price declines grew, the DSE’s main index, DSEX, fell 21 points from the previous day to 5,639 points. Among the other two indices, the DSE Shariah Index fell 1 point to 1,148 points.

However, the DSE-30 index, which consists of 30 well-selected companies, is standing at 2,145 points, up 2 points from the previous day.

Along with the decline in the main price indices, the volume of transactions on the DSE has also decreased. The market traded at 1,020.43 crore taka. The previous working day, the transaction was 1,197.21 crore taka. This means that the transaction decreased by 1,940.78 crore taka compared to the previous working day.

Beximco Pharmaceuticals shares played the biggest role in this transaction. The company’s shares worth Tk 50.78 crore were traded. Summit Alliance Port, which came in second, traded shares worth Tk 39.71 crore. IPDC Finance came in third with shares worth Tk 35.59 crore.

In addition, the top 10 companies in terms of transactions on the DSE include Robi, NCC Bank, Dominga Steel Building, Khan Brothers PP Oven Bags, Simtex Industries, BD Thai Aluminum, and KBS Accessories.

Other stock markets CSE’s overall price index CASPI fell by 104 points. Out of 226 companies participating in the market, 69 increased their prices. On the contrary, 136 companies decreased their prices and 21 remained unchanged.

Transactions amounted to 304 million taka. On the previous working day, transactions amounted to 843.9 million taka.