Transactions fall to BDT 600 crore, lowest in a month

Economic Desk

The pace of trading in the country’s stock market has started to slow down again. The trading volume, which was once worth 1,400 crore taka, has gradually come down to 600 crore taka. This has resulted in the lowest trading volume in more than a month.

The third working day of the week, Tuesday (September 16), saw the lowest trading volume recorded on the Dhaka Stock Exchange (DSE) since August 12. However, despite the decline in trading, the index rose slightly as more companies were on the list of price increases on the DSE.

Other stock markets: Chittagong Stock Exchange (CSE) saw its share and unit prices rise, leading to an increase in the price index. The trading volume also increased compared to the previous working day.

Earlier, the stock market saw a big drop on Tuesday and Wednesday of last week. Although it recovered somewhat on Thursday, the market fell again on Sunday, the first working day of this week. On Monday, too, although there were more institutions on the list of price declines, the index rose slightly due to the rise in the banking sector.

Tuesday’s trading session began with most stocks rising. The index initially rose by about 50 points. However, the rise in the index did not last long as large-cap stocks, including banks, fell towards the end. As a result, although there were more companies on the list of rising prices, the DSE’s selected company index fell.

At the end of the day, the share and unit prices of 221 companies on the DSE increased, while 103 decreased and 76 remained unchanged. Among good companies or companies paying more than 10 percent dividends, 132 increased, 53 decreased and 37 remained unchanged. Among medium-quality companies (less than 10 percent dividends), 58 increased, 14 decreased and 10 remained unchanged.

Of the companies in the ‘Z’ group that did not pay dividends, 31 increased in price, 36 decreased and 29 remained unchanged. And of the 36 listed mutual funds, 1 increased in price, 12 decreased and 23 remained unchanged.

In terms of indices, the DSE’s main index, DSEX, rose 34 points to 5,509 on Tuesday. However, the DSE-30 index fell 0.60 points to 2,134 points. On the other hand, the DSE Shariah index rose 7 points to 1,194.

Even though the price index increased, the trading volume decreased. The total trading volume on the DSE was Tk 674.13 crore. The trading volume on the previous working day was Tk 706.32 crore. That is, the trading volume was Tk 321.9 crore less than the previous day, which is the lowest since August 12.

Lavello Ice Cream took the largest share in the transaction (186.6 million taka). Summit Alliance Port was in second place (184.0 million taka) and Robi was in third place (175.7 million taka). The other companies in the top 10 were Khan Brothers PP Oven Bags, Sonali Paper, Orion Infusion, UCB, Techno Drugs, City Bank and Pragati Life Insurance.

On the other hand, the index on the CSE increased by 66 points. Of the 191 companies participating in the market, 92 increased their prices, 67 decreased and 32 remained unchanged. The turnover was 118.4 million taka, which is more than the previous day’s 86 million taka.