Market capitalization has increased but index-transactions have decreased
September 14, 20243 Mins Read
Jumbangla Desk: Out of the five trading days last week, most of the companies were on the list of falling rather than rising prices on four working days. This has made the price drop heavy throughout the week. Along with that, the price and transaction volume has decreased. However, the market capitalization increased.
The market capitalization of the main stock exchange Dhaka Stock Exchange (DSE) has increased by around Tk 900 crore. In contrast, major indices fell by a little over 2 points. And transactions fell by more than 19 percent. 68 percent of companies have written their names on the price reduction list.
This is the fifth week of stock markets under the interim government that has taken charge of the country. Earlier, the stock market has passed another four weeks under the interim government. In all, the share market has fallen in four of the five weeks of trading under the interim government.
After the fall of the Hasina government, the stock market jumped, but after the new interim government took over, the stock market fell sharply in the first two weeks. However, in the third week, the stock market went up. But in the fourth week the price fell again. The list of price cuts has grown in the fifth week as well.
Over the last week, 107 of the companies traded on the DSE have been on the list of price hikers. On the contrary, the price of 271 has decreased. And the price of 18 remains unchanged. That is, there are two and a half times more companies in the list of price decrease than price increase.
However, DSE's market capitalization rose by Tk 898 crore or 13.1 percent last week. The market capitalization of DSE stood at Tk 6 lakh 93 thousand 329 crore at the end of the last working day of the week. Which was 6 lakh 92 thousand 431 crore on the last working day of the previous week. DSE's market capitalization fell by Tk 7,150 crore or 1.02 percent in the previous week.
Meanwhile, DSE's main index DSE-X fell by 2.13 points or 0.4 percent last week. The index fell by 75.77 points or 1.31 percent in the previous week. It increased by 104.50 points or 1.83 percent in the previous week.
And in the first two weeks after the interim government took over, DSE's main index fell by 203.92 points or 3.45 percent and 20.97 points or 35 percent respectively. In other words, in the five weeks of the interim government, DSE's main index fell by 196 points.
Along with major indices, the DSE-30 index, which is made up of selected good companies, fell last week. Last week the index was 13.61 points or 64 percent. The index fell by 10.35 points or 49.49 percent in the previous week.
However, the DSE Shariah Index, which comprises companies operating on the basis of Islamic Shariah, rose last week. Last week this index increased by 16.87 points or 1.37 percent. The index fell by 12.45 points or 1 percent in the previous week.
In addition to the decline in major indices, the pace of trading also slowed slightly last week . An average of Tk 644 crore 29 lakh was traded on DSE every working day last week. In the previous week, the average daily transaction was Tk 798 crore 81 lakh. That is, the average transaction per working day has decreased by 154 crore 52 lakh taka or 19.34 percent.
Shares of Linde Bangladesh were the most traded in rupee terms on DSE during the week. The company's shares were traded on an average daily basis of Tk 34 crore 3 lakh, which is 5.28 percent of the total trade. Shares of Olympique Industries in the second place were traded at an average of Tk 21.75 million per day. Ibn Sina is in the third position with an average transaction of Tk 20 crores per day.
Apart from this, the list of top ten institutions in transactions includes- BRAC Bank, Agni Systems, NRB Bank, Grameenphone, Lavello Ice Cream, Acme Laboratories and Sonali Aansh.
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