Staff Correspondent: The country’s stock market has passed with a big drop last week. As a result, the market capitalization of the main stock market Dhaka Stock Exchange (DSE) has decreased by Tk 10,000 crore. Through this, DSE has lost market capital of Tk 16,000 crore in two consecutive weeks of decline. With that, all the price indexes and the amount of transactions have decreased.
At the end of last week’s last working day, the market capitalization of DSE stood at Tk five lakh 50 thousand 355 crore, which was Tk five lakh 60 thousand 929 crore in the last working day of the previous week. In other words, the market capitalization of DSE decreased by Tk 10 thousand 574 crore last week. In the previous week, the market capitalization decreased by Tk 5,623 crore. As a result, the market capitalization fell by Tk 16,397 crore in two consecutive weeks.
Increase or decrease in market capitalization means that the share and unit prices of listed companies have increased or decreased that amount collectively. In other words, when the market capital increases, the amount of money invested by the investors increases. Similarly, when the market capitalization decreases, the amount of money invested by the investors decreases.
In addition to the decline in market capitalization, the share and unit prices of most companies on the DSE have been declining in the last week. Shares and unit prices of 63 companies traded on the DSE during the week. In contrast, the price of 296 has decreased. And the price of 16 remains unchanged.
As a result, the DSEX, the main price index of DSE, has declined by 151.92 points or 2.18 percent in the last week. In the previous week, the index decreased by 94.59 points or 1.33 percent.
In addition to the main price index, the DSE-30 index, consisting of well-selected companies, declined last week. Over the past week, the index has declined by 57.6 points, or 2.29 percent. In the previous week, the index decreased by 23.64 points or 91 percent.
The DSE Shariah Index, which is based on Islamic Shariah-compliant companies, has declined for two consecutive weeks, along with the main price index and selected companies. Last week, the index decreased by 32.42 points or 2.15 percent. In the previous week, the index decreased by 9.46 points or 62 percent.
Last week, the average turnover on the DSE was Tk 996.96 crore per working day. In the previous week, the average daily turnover was Tk 1,193.42 crore. In other words, the average transaction per working day decreased by Tk 197 crore 45 lakh taka or 16.46 percent.
The total turnover on the DSE during the last week was Tk 3,97.69 crore. The previous week’s transaction was Tk five thousand 97 crore 12 lakh. As a result, the total transaction decreased by Tk one thousand 989 crore 23 lakh taka or 33.18 percent. The reason for the decline in the total turnover rate is that due to the 21st of February, there was less trading in the stock market last week.
Beximco’s shares were the most traded on the DSE last week. During the week, the company’s share turnover was Tk 295 crore 8 lakh 72 thousand, which is 8.41 percent of the total transaction.
Shares of Fortune Shoes, which is in the second place, had a turnover of Tk 252.38 crore. Orion Pharma is in the third place with a transaction of Tk 132 crore 8 lakh 56 thousand.
The list also includes Bangladesh Shipping Corporation, National Life Insurance, Anwar Galvanizing, British American Tobacco, Dragon Sweater, Saif Powertech and Sonali Paper.
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