The country's stock market is showing signs of recovery after a continuous decline

Economy Desk:  Most of the shares rose in the last two working days of the last week after the continued price decline. Share prices of 74 percent of the listed companies rose more or less. Among them, the share price of half a hundred companies increased by 5 to 17 percent. Market participants feel that this is a sign of a turnaround after a continuous price decline.

Explaining the reason for this, the officials of various brokerage houses said that many people lost 20 to 50 percent of their capital in less than two months of falling prices. However, even with such a price drop, no shares were without buyers. That is, every day there is hope among some investors – the market will turn around. That is the hope.

On review, most of the stocks that have gained relatively higher in the last two working days have weak fundamentals. Again, the index increased with the increase in share price, but there was no improvement in the transaction in terms of money. Last February 12, the day before the fall in the price of this phase, 1 thousand 852 crore shares were bought and traded. On Thursday, the same transaction came down to Tk 436 crore. 

Explaining this, the officials of various brokerage houses said that it is normal to have a crisis of confidence among investors in the midst of continuous price decline. Many people are observing whether this trend of price increase will last. Some have taken only a small profit. When this idea gradually increases among the investors, there will be no loss by investing now, but there will be more or less profit, then the amount of investment will increase. 

The managing director of one of the top merchant banks thinks that it will not be possible for many people to buy and sell new shares if the price of the shares in losses does not increase. He said, among these, some will try to recover the losses by buying new shares. It will increase transactions. And those who are smart investors, they will take this opportunity to make more profit.

Compared to last Tuesday's closing price and Thursday's closing price, the price of 49 shares has increased by over 5 percent. However, compared with the lowest price on Tuesday and the highest price on Thursday, this number is 205. As a result, the prices of all traded shares except Uttara Finance and Acme Presticides have increased. 

As per the closing price, Metro Spinning has seen a maximum increase of 20 percent during this period. After rising to 24 taka 90 paisa on February 8, it continuously fell to taka 17 till April 2. In the last two days, the price has increased again to 21 taka 20 paisa. Malek Spinning, CNAtape, Dragon Sweater, Kattoli Textile, Alif Manufacturing, Alif Industries, Jute Spinners, VFS Thread, Yakin Polymer, Queen South Textile, KDS Limited and Beacon Pharma have thus increased their prices by 10 to 14 percent.

 

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