The bleeding in the stock market does not stop. Dhaka Stock Exchange (DSE) price also fell by 66 points on Monday. In the last two and a half months, the index fell by 1,117 points and the market capitalization fell by Tk 70,000 crores. And the current position of the market is at the lowest in the last 5 years. Investors also protested in front of DSE on Monday. But no one is listening to the cry of investors.
Market analysts say that after August 5, two sectors of the economy have changed somewhat, but the stock market is an exception.
The whole market is negative. On August 11 of this year, the DSE index was 6,015 points. As of Monday, it has come down to 4,498 points. As a result, the index decreased by 1,117 points in two and a half months. At that time the average transaction was Tk 700 crore. But currently it has come down below Tk 300 crore. On August 11, DSE’s market capitalization was Tk 7.13 lakh crore. Currently it has reduced to Tk 6.43 lakh crores. That is, the market capitalization has decreased by Tk 70 thousand crores during the discussion period. Share prices of most fundamental companies fell.
However, the regulatory body Bangladesh Securities and Exchange Commission (BSEC) says otherwise. BSEC is taking action against several people who had earlier manipulated the market. As a result, the cycle is causing a systematic decline in the market. Meanwhile, on August 5, when the political situation in Bangladesh changed, the market became positive for consecutive days. But it could not be retained. At this time there was a change in BSEC. Another change was made the next day with the appointment of a chairman. Those who have been assigned later are totally inexperienced. No idea about the market. They do not understand many market terms. Several decisions of the new commission were controversial. Several decisions of the stock exchange board formation created huge debates in the market. This matter was not taken well by the market stakeholders. As a result, prices began to fall. It still continues.
As a single day, 17.33 million shares of 397 companies were traded on DSE on Monday. The total value of which is Tk 357.24 crore. Among them, the share price of 105 companies increased, 246 companies decreased and 46 companies’ share prices remained unchanged. DSE’s broad index fell by 66 points to 4,898 points from the previous day. The DSE-30 index fell by 25 points to 1,805 points. The DSE Shariah Index fell by 20 points to 1,877 points. DSE’s market capitalization has come down to Tk 6.43 lakh crore from the previous day. Meanwhile, investors protested in front of DSE on Monday to protest against the decline. At this time, they demanded the resignation of BSEC Chairman Khandkar Rashed Maqchud.
Top 10 Companies: The companies whose shares are traded the most on DSE are Standard Bank, National Polymer, Taufika Food, Islami Bank, First Knitting, Malek Spinning, Khan Brothers PP, Techno Drug, GP and Back Bank. National Life Insurance, Esquare Knit, DESCO, Copper Tech, Evins Textile, Techno Drug, Central Insurance, Best Holding and Fareast Knitting were the top gainers on Monday in DSE. On the other hand, the share prices of all the companies that have decreased are Genex Infosys, Dulamia Cotton, Solvo Chemical, VFS Thread, Jahin Spinning, Kasem Industries, Islamic Finance, Malek Spinning, Forest Finance and Rupali Life Insurance.
