• Financial

The market capitalization decreased by another Tk 1870 crore

  • Financial
  • 29 May, 2022 10:39:40

Photo: Collected

News Desk: The country's stock market can not get out of the circle of decline. Of the five working days traded last week, three have passed through bidding. As a result, the market capitalization of the country's main stock exchange, the Dhaka Stock Exchange (DSE), has fallen to over Tk 1,500 crore. In the previous week, the market capitalization decreased to over Tk 21,000 crore.

At the end of last week's trading, DSE's market capitalization stood at Rs 5,06,020 crore. Which was 5 lakh 9 thousand 72 crore in the last working day of the previous week. This means that the market capitalization of DSE has decreased by Rs 1,060 crore last week. In the previous week, the market capitalization decreased by Tk 21,140 crore. The decrease in market capitalization means that the share and unit prices of the companies listed on the DSE have come down by that amount.

In addition to the decline in market capitalization, most of the companies on the DSE last week listed the share and unit price reduction. Shares and unit prices of 161 companies traded on the DSE during the week. On the other hand, the price of 195 has come down. And the price of 31 is unchanged.

As a result, DSE-X, the main price index of DSE, declined by 20.28 points or 32 percent last week. In the previous week, the index decreased by 306.22 points or 4.6 percent. In the previous two weeks, it decreased by 90.20 points or 1.38 percent and 7.60 points or 0.10 percent. In other words, the main index of DSE lost 423 points in four consecutive weeks of decline.

The DSE-30 index, which is made up of well-selected companies, is also on a downward trend for four consecutive weeks. Over the past week, the index has declined by 9.29 points or 40 percent. In the previous week, the index decreased by 90.24 points or 3.75 percent. In the previous two weeks, it decreased by 53.75 points or 2.19 percent and 16.31 points or 60 percent. In other words, the index consisting of good companies has decreased by 161 points in four consecutive weeks.

The DSE Shariah Index, which is based on Islamic Sharia, has declined for four consecutive weeks, along with the main price index and good company index. Last week, the index also decreased by 9.33 points or 0.6 percent. In the previous week, the index decreased by 49.13 points or 3.43 percent. In the previous two weeks, it decreased by 14.61 points or 1.2 percent and 16.64 points or 1.20 percent. In other words, this index has decreased by 90 points in four weeks.

Last week, the average turnover on the DSE was 810 crore 84 lakh. In the previous week, the average daily turnover was Tk 808.93 crore. In other words, the average transaction per working day has decreased by 198 crore 9 lakh taka or 24.49 percent.

Last week, the total transaction on the DSE was 3 thousand 54 crore 23 lakh. The previous week's transaction was 3 thousand 235 crore 63 lakh. As a result, the total transaction decreased by 2,171 crore 50 lakh taka or 5.81 percent. Total transactions declined at a lower rate because there were fewer transactions in the week preceding the previous week.

Shares of Beximco were the most traded currency on the DSE last week. During the week, the company's share turnover was 230 crore 51 lakh 39 thousand taka, which is 6.55 percent of the total transaction. IPDC Finance, which is in the second place, had a turnover of Tk 134.61 crore. JMI Hospital Require Manufacturing is in the third place with a turnover of Tk 110.92 crore.

Also on the list of top ten companies are Shinepukur Ceramic, Bangladesh Shipping Corporation, Southeast Bank, Fortune Shoes, GSP Finance, Delta Life Insurance and ACI Formulation.

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