Photo : Collected
The country’s stock market witnessed an upward trend in the index on Wednesday, the third working day of the week following eight consecutive working days of slump.
On this day, at the Dhaka Stock Exchange (DSE), the share prices of 52 companies increased, while 305 experienced a decline. The DSEX index rose by 58 points, marking a significant recovery in investor capital, amounting to Tk 702 crores.
The capital market saw a turnaround attributed to a special initiative by the Bangladesh Securities and Exchange Commission (BSEC), as reported by market sources. Brokerage houses witnessed an increase in buy-sell orders.
According to DSE data, shares of 401 companies were traded on Wednesday. Among them, the prices of 52 companies increased, while the prices of 305 companies decreased and the shares of 44 companies remained unchanged. Most company share prices saw an increase during the day. The key index of DSEX, the leading index of DSE, rose by 58.48 points, reaching 5872 points.
Among the other two indices, the DS-30 index rose by 12.17 points to 2032 points and the DSES index rose by 9.19 points to 1277 points. Investors' capital increased by TK 7,02.38 crore as all three indices rose.
On the day the index rose, transactions amounting to Tk 422.83 crores were made with 136,939,059 shares traded. This marked a decrease of Tk 42 crores compared to the previous day's trading volume of Tk 465.54 crores, despite the increase in the index.
The transaction was primarily influenced by shares of Orion Infusion, with 21.79 crore shares of the company being traded. Following closely, shares of Fu-Wang Ceramics were traded at Tk 16.62 crore, while Central Pharmaceuticals ranks third with a share transaction of Tk 14.77 crore.
The top ten listed companies on the DSE in terms of transactions are- Golden Son, Orion Pharma, Robi, Best Holding, LafargeHolcim Bangladesh, Malek Spinning and Monno Fabrics.
The Chittagong Stock Exchange (CSE) overall price index, CASPI, increased by 107 points. Out of the 207 firms participating in the market, 129 experienced a rise in price, while 58 saw a decrease and 20 remained unchanged. A total of Tk 17.89 crore was transacted, compared to Tk 16.83 crore on the previous day.
It should be noted that the stock market fell for eight consecutive working days from March 7 to March 19, resulting in a decrease of TK 64,201.58 crore in investors' capital. Only TK 702 crore of capital returned on Wednesday.
Messenger/Disha
