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Published : 07 Oct 2024, 10:25 PM
Amid talk of 'reforms' in the capital market after the fall of the Awami League government, the financial losses of investors in the continuous downturn are getting heavier.
After a decline of Tk 135 billion in market capitalisation during the previous week’s five trading days, the market experienced an additional fall of Tk 105 billion in the first two days of the current week.
On the first trading day, Sunday, the Dhaka Stock Exchange, or DSE, index fell by 83 points, followed by a drop of 43 points on the second trading day.
Although the index decline on the second day was comparatively smaller than on the first day, investors faced nearly the same financial losses.
On Sunday, the market capitalisation decreased by slightly more than Tk 54.85 billion, while on the second day, it fell by just over Tk 52.43 billion.
The drop in the index of 176 points from the previous week resulted in a decrease in market capitalisation of Tk 135.05 billion, with the current week's two-day index decline of 127 points leading to a similar drop in capitalisation.
Due to prolonged losses, investor activity has decreased, with many refraining from new investments, resulting in trade volume remaining around Tk 30 billion for three consecutive trading days.
Shares of Tk 36.66 billion were exchanged on Monday, which was Tk 36.8 billion the previous day.
Amidst this, 53 companies saw their share prices increase, while 288 experienced declines, with shares of 55 companies trading at the previous day’s prices.
Although the index fell more on the previous day, the share prices of 180 companies increased compared to the decline in prices of 156 companies.
However, trading began positively in the morning, with an upward trend in the index, but there was a significant drop towards the end of the day.
On the day the DSEX fell by 43 points, the Shariah index, consisting of Shariah-compliant companies, dropped by 1 point, while the DS30 index, representing blue-chip companies, decreased by 22 points.
