DSE market cap falls by over Tk 100bn after 6 days of decline

Ongoing market slide brings new losses for investors

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The Dhaka Stock Exchange, or DSE, has faced a continuous decline over six consecutive trading day to lose more than Tk 100 billion in market capitalisation.

On Monday, the index fell by 49 points, ending at 5,629 points, in a downtrend that began on Sept 2.

Over the six days, the index has dropped by 174 points and market capitalisation has decreased by Tk 103.87 billion.

The index showed some positive movement early in the day, but like previous days, it ended in decline.

Following the fall of the Sheikh Hasina government, the index, share prices, and trading volumes surged, with the index rising by 786 points over four trading days.

However, this brief upward trend has turned into a downtrend, leading to greater losses for those who invested during the peak.

Daily trading volume decreased to Tk 6.21 billion, down from Tk 21 billion on Aug 11.

On Sept 2, trading volume was also above Tk 10.65 billion.

Of the 399 listed companies, 307 saw a decrease in share prices, while 67 experienced increases and 25 remained unchanged.