Prices fell on four of the five trading days last week. In this, almost three times as many companies were listed as falling compared to the price increase throughout the week. At the same time, the price index and trading decreased. Market capitalization also decreased. The market capitalization of the main stock market Dhaka Stock Exchange (DSE) decreased by about Tk 3,400 crore. With this, the market capitalization of the DSE decreased after nine consecutive weeks of growth.
Of the companies traded on the DSE last week, 99 were on the price increase list. On the contrary, the price of 274 decreased. In addition, the price of 23 remained unchanged. As a result, the market capitalization of the DSE stood at Tk 7,11,683 crore at the end of the trading on the last working day of the week. On the last working day of the previous week, it was Tk 7,15,799 crore. That is, the market capital decreased by Tk 3,396 crore or 0.47 percent in the week.
Earlier, since the last Eid-ul-Fitr or Eid of Ramadan, the stock market has been in a downward spiral for 8 consecutive weeks. The market capitalization of the DSE has decreased by 26,882 crore taka in the 8 consecutive weeks of decline. During this time, the main price index decreased by 582 points. After the 8 consecutive weeks of decline, the stock market saw an upward trend in the week before the Eid-ul-Azha holiday began.
Since then, the market capitalization has increased for 9 consecutive weeks. In the nine weeks, the market capitalization of the DSE has increased by 68,950 crore taka. That is, after increasing by 68,950 crore taka, the market capitalization of the DSE has decreased by 3,396 crore taka.
Along with the decrease in market capitalization, the price index also decreased last week. The main price index of the DSE, the DSEX, decreased by 57.82 points or one point zero 7 percent last week. The previous week, the index decreased by 35.35 points or zero point 65 percent. In the previous eight weeks, the main price index of the DSE increased by 804 points.
The DSE-30 index, which is made up of selected good companies among the other two indices, fell by 23.88 points or 1.14 percent last week. The index fell by 16.65 points or 0.79 percent in the previous week. In the previous eight weeks, the index increased by 384 points.
In addition, the DSE Shariah index, which is made up of companies managed on the basis of Islamic Shariah, fell by 7.26 points or 0.62 percent last week. In the previous week, the index fell by 0.18 points or 0.02 percent. In the previous week, it fell by 2.08 points or 0.18 percent. That is, the Shariah index has fallen for three consecutive weeks.
The pace of trading on the DSE also slowed down last week. On average, 689.18 crores were traded on the DSE on each working day of the week. On average, 911.37 crores were traded daily in the previous week. That is, the average trading per working day decreased by 222.19 crores or 24.38 percent.
Also in the list of top ten companies by transactions are - BRAC Bank, Malek Spinning, Rahima Food, Asiatic Laboratories, Sea Pearl Beach Resort, Khan Brothers PP Oven Bags and Sonali Paper.
