On the third working day of the week, Tuesday (September 20), the share market showed a big bullish trend in the early trading, but eventually the prices fell. At the same time, the share price of most of the companies participating in the transaction decreased. This fall is mainly due to the decrease in the share price of one company after another in the last 30 minutes of trading.
However, the main stock market, Dhaka Stock Exchange (DSE), saw a record amount of transactions during the fall in prices. Two thousand 832 crore 30 lakh taka were traded in the market throughout the day. Since September 9, 2021, so many transactions have not been seen in a single day on DSE. On September 9 last year, the market was traded worth Tk 2,866 crore.
At the beginning of the transaction on this day, there is a glimpse of a big transaction. Within half an hour of the start of trading, more than 500 crore rupees were traded on DSE. At the same time, all the price indices rise. At the end, this trend of trading continued, but the index went in the opposite direction.
Share prices of almost all companies rose as soon as trading started on DSE. As a result, the main price of DSE increased by more than 40 points to start the day’s trading. The index continued to rise continuously during the first 3 and a half hours of trading. This led to a 70-point increase in DSE’s main index at 1 pm compared to the previous day.
The picture of the market started to change from here. In just 10 minutes, the share price of one company after another fell rapidly. As a result, a large rise in the index turns negative. As the index tumbled in late-session storms, most firms were on the bearish list at the same time.
In this, the prices of shares and units of 72 companies participating in the transaction on DSE increased compared to the previous day. On the contrary, the price of 156 has decreased. And the price of 145 remains unchanged.
As a result, the main index of DSE, DSEX, fell by 4 points to 6,596 points compared to the previous day. The DSE-30 index which consists of 30 companies is better to choose between the other two indices, which has decreased by 4 points compared to the previous day and stands at 2401 points. And DSE Shariah decreased by 3 points to 1 thousand 448 points compared to the previous day.
Beximco’s shares were traded the most in terms of rupees on DSE. Shares of the company have been traded worth Tk 342.5 million. Orion Pharma, which is in second place, has a turnover of Tk 327 crore 25 lakhs. Bangladesh Shipping Corporation is in the third place with a share transaction of Tk 155 crore 45 lakh.
Apart from this, the list of top 10 companies in terms of transactions in DSE includes – Acme Laboratories, Lafarge Holcim Bangladesh, JMI Hospital and Requisite Manufacturing, Eastern Housing, Shahjibazar Power, Shinepukur Ceramics and Delta Life Insurance.
Another stock market Chittagong Stock Exchange (CSE) overall value CASPI increased by 56 points. 49 crore 58 lakh taka has been traded in the market. 79 of the 282 institutions that participated in the transaction rose in price. On the contrary, the price of 97 has decreased and the price of 106 has remained unchanged.