After a week of persistent decline, the new trading week began on a similarly grim note for Bangladesh’s stock markets.
On Monday, the second trading day of the week, both the Dhaka and Chattogram stock exchanges witnessed significant losses, extending the ongoing downward trend.
DSE faced decline throughout week in all indices, CSE no exception
The benchmark index of the Dhaka Stock Exchange (DSE), the DSEX, dropped by 29 points, while other two indices followed suit — the Shariah-based DSES shed 8 points and the blue-chip DS30 index lost 9 points.
In addition to the falling indices, overall turnover at the DSE also declined.
At the beginning of this week, the total transaction value fell to around Tk 350 crore.
Monday’s total turnover at the DSE stood at Tk 359 crore.
Alongside the index and turnover drops, share prices of most listed companies also fell.
Of the 397 companies that participated in trading, prices rose for 103, while 234 saw declines. Share prices remained unchanged for 60 companies.
Looking at category-wise performance, share prices in the A, B and Z categories also reflected the downtrend.
Notably, within the A category, out of 219 companies, 49 saw gains while 141 experienced price drops. Prices remained unchanged for 29 companies.
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Among the 36 listed mutual funds, most registered a fall in unit prices. While unit prices rose for 4 funds, 22 witnessed price declines, and 10 remained unchanged.
In the DSE’s block market, 27 companies collectively traded shares worth Tk 18.88 crore. Of these, Midland Bank led with share transactions worth Tk 4.58 crore.
Shahjibazar Power Company Limited topped the DSE gainers’ list, posting a 9.87% increase in share price. In contrast, Beach Hatchery suffered the sharpest fall, losing 9.98%.
Chattogram Sees Similar Slump
Mirroring the downturn in Dhaka, the Chattogram Stock Exchange (CSE) also recorded a steep fall. The CSE’s overall index dropped by 62 points at the end of Monday’s trading session.
Other key indices, including the benchmark CSE-50 and the Shariah-compliant CSI, each declined by 6 points.
Among the 198 companies that traded on the CSE, prices fell for 114, rose for 47, and remained unchanged for 37 companies.
Shahjibazar Power Company Limited also led the trading volume in Chattogram.
Meanwhile, the ICB AMCL Sonali Bank Limited First Mutual Fund hit the bottom, losing 10% in share value.