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Corporate - June 21, 2022

Buyer crisis in stock market

Mahfuz Emran: Buyer crisis has occurred in the country’s stock markets. This is causing a continuous drop in prices. On Tuesday, the third working day of the week, the house of purchase orders of hundreds of companies on the main stock market Dhaka Stock Exchange (DSE) became empty. The price index has fallen sharply. Through this, the stock market fell in three working days of the week.
Apart from DSE, other stock exchanges in the country also witnessed a buyer crisis on the Chittagong Stock Exchange (CSE). As a result, the shares and units of most of the companies participating in the transaction fell. This has led to a big fall in the price index. In addition to the price reduction, the volume of transactions on the DSE has decreased. However, transactions on the CSE have increased slightly.
Trading in the stock market started on this day by increasing the share and unit prices of most of the companies. As a result, the main price index of DSE increased by 5 points from the beginning of the transaction. However, within five minutes of the transaction, the shares and units of one company after another began to fall.
Within half an hour of the transaction, the house of purchase order of more than 50 companies became empty. The list goes on and on as the transaction progresses. At the end of the day, the number of companies without buyers stood at 114.
At the end of the day, only 57 companies were able to write their names in the list of share and unit price increases due to the crisis of buyers of a large number of companies. On the other hand, 262 have taken place in the price reduction list. The prices of the remaining 43 remain unchanged.
As a result, the main index of DSE DSEX has decreased by 45 points as compared to the previous day and dropped to 6,311 points. The DSE-30 index, which is made up of well-chosen companies among the other two indices, is down 19 points at 2,295 points. And DSE Shariah stood at 1,038 points, down 9 points from the previous day.
In addition to the decline in prices, the volume of transactions in the market has also decreased. Tk 725.08 crore have been traded on DSE throughout the day. The previous day’s transaction was Tk 622 crore 39 lakh. As a result, the transaction has decreased by Tk 98.51 crore.
Beximco’s shares were the most traded on the DSE. Shares of the company worth Tk 36.46 crore were traded. Anwar Galvanizing, who is in the second place, had a turnover of Tk 26.96 crore. Fu-Wang Food is in the third place with a share turnover of Tk 236 million.
Besides, JMI Hospital Request Manufacturing, Shahinpukur Ceramic, RAK Ceramic, National Bank, HR Textile, Prime Insurance and Bangladesh Shipping Corporation are among the top 10 companies in terms of transactions on DSE.
On the other hand, the overall price index of Chittagong Stock Exchange (CSE) CASPI decreased by 136 points. The market turnover was Tk 56 crore 26. Of the 265 companies that took part in the transaction, 34 saw their prices rise.
Of the 265 companies that took part in the transaction, 34 saw their prices rise. On the other hand, prices of 211 and 30 items remained unchanged.

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