The country's stock market is stuck in the circle of falling prices

Economy desk:  The stock market of the country is stuck in the cycle of continuous price decline. The prices of shares and units of most of the companies participating in the transaction are falling on a daily basis. As well as falling prices. Besides, the transaction speed has also decreased.

Like the last few working days, the second working day of the week on Monday (February 19) also saw a decrease in the prices of shares and units of most of the companies in the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). As a result, the main price index has decreased in both the markets. Through this, the stock market fell for six consecutive working days. 

In addition to the fall in prices, the volume of transactions in both the markets has decreased. Transactions on DSE have come down to Rs 800 crore. While trading and share prices of most companies fell, the index comprising selected companies rose on the DSE.

At the end of the day's trading, the share prices of most companies fell, but the beginning of the day's trading was completely different. DSE's main index rose 15 points in the first minute as trading started with the share prices of most companies rising. 

The main index of DSE increased by 29 points at one stage of trading as the share prices of most companies continued to rise. In the first two and a half hours of trading, the share prices of most companies continued to rise.

However, after 12:30 noon, the picture of the market started to change. From the list of price increase one after another the company moved to the list of price decrease. This trend increases in the last hour of trading. As a result, the day's trading ended with the share and unit prices of most companies falling.

At the end of the day's trading, the shares and units of 97 companies took place in the list of price increase in DSE. On the contrary, the price of 245 has decreased. And the price of 52 remains unchanged. 

DSE's main index DSEX fell by 24 points to 6,258 points as most companies cut prices. With this, DSE's main price index fell by 188 points in six consecutive working days. Earlier, DSE's main index increased by 368 points in 10 working days.

The DSE-30 index, which consists of 30 companies, has increased by 1 point compared to the previous day and stands at 2,131 points. And the DSE Shariah index fell by 7 points to 1,361 points compared to the previous day.

Along with the decline in major indices, the volume of transactions has decreased. 818 crore 58 lakh taka has been traded in DSE. 924 crore 73 lakh taka was traded on the previous working day. Accordingly, the transaction has decreased by Tk 104 crore 15 lakh. 

Shares of Orion Infuse contributed the most in this transaction. 41 crore 87 lakh shares of the company have been traded. Shares worth Tk 36 crore 29 lakh were traded in Best Holding which was ranked second. Fu-Wang Ceramics is in the third position with a share transaction of Tk 29 crore 72 lakh.

Besides, the list of top ten companies in terms of transactions on DSE includes - Aftab Automobile, Munnu Fabrics, Central Pharmaceuticals, Lavello Ice Cream, Bangladesh Shipping Corporation, City General Insurance and Gemini Sea Food. Another stock market Chittagong Stock Exchange (CSE) overall price index CASPI decreased by 95 points. 66 of the 248 firms participating in the market rose in price. On the contrary, the prices of 161 have decreased and the prices of 21 have remained unchanged. 19 Crore 33 Lakh Tk. The previous day, the transaction was 29 crore 13 lakh taka.

 

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