The capital in the capital market decreased by 8 thousand crores
October 3, 20242 Mins Read
Jumbangla Desk: After the record penalty for share manipulation, the capital market of the country collapsed. In the stock market, which is in a continuous decline, the market capitalization has decreased by more than 8000 crore rupees as the price index fell by more than 100 points on the fourth working day of the week.

On Wednesday (October 2), the DSEX index fell by 132 points. Shares and units of 87 percent of companies have fallen due to the buyer crisis.

Regulatory body BSEC on Tuesday fined various individuals and institutions for manipulating share prices. In this situation, trading started on Wednesday with the share prices of most companies falling. As the day progressed, the rate of decline increased. At the end of the day, the main index of DSE fell by 132 points. Investors protested against the price drop. At that time, they demanded the resignation of the chairman of the regulatory agency BSEC for the fall in prices.

Concerned people think that the impact of Tk 428 crore 52 lakh fine on 9 individuals and organizations for their involvement in manipulation in the purchase of shares of Beximco Group in the capital market may also fall on the capital market.

On the other hand, the Bangladesh Financial Intelligence Unit, BFIU, has sent a letter asking for information about the bank accounts of Abul Khair Hiru and his family, a government official who has been discussed for a long time in the capital market.

Abul Khair Hiru, who controls a portfolio worth half a hundred crore rupees, has been fined several times. BSEC has fined Shakib Al Hasan Tk 50 lakh and Hiroo Tk 25 lakh for cheating.

Many investors panicked when the ban on transfer of their shares and subpoena for bank account information spread in the market.

Although the index fell, the volume of transactions increased in DSE. The total transaction is 440 crore 83 lakh taka. The transaction has increased by Tk 51 crore 36 lakh compared to the previous day.

Among the 398 companies and mutual funds that participated in the swap, 87 percent of the companies' shares fell. Among them, the share prices of 29 companies increased, and 22 companies remained unchanged.

The rate of these increased from 4.40 percent to 7.85 percent.

On the other hand, the top 10 share price losers all hit circuit breakers. These are: Fuwang Foods, Western Marine Shipyard, Global Insurance, Orion Pharma, Associate Oxygen Limited, Asia Pacific Insurance, Bangladesh Shipping Corporation, Dominage Steel, CSP Finance and Shinepukur Ceramics.

Grameenphone, Linde BD, BRAC Bank, Sonali Ansh and Islami Bank were at the top of the transactions.

On the other hand, the overall index of the Chittagong Stock Exchange fell by 306.17 points. Shares worth Tk 5 crore 96 lakh were traded.