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Bangladesh’s stock market plunges on week’s first trading day
The stock markets in Dhaka and Chattogram witnessed a sharp fall on the first trading day of the week, with all major indices declining and most company shares losing value on Sunday.
At the end of day's trading session, the benchmark index DSEX of the Dhaka Stock Exchange (DSE) dropped by 29 points. Among the other indices, the Shariah-based DSES fell by 4 points, while the blue-chip DS-30 declined by 9 points.
Out of the 399 companies that participated in trading on the DSE, the share prices of 274 companies fell, while only 58 companies saw an increase.
Meanwhile, the share prices of 67 companies remained unchanged.
In terms of categories, the share prices in all three categories — A, B and Z— mostly declined. Among the 36 mutual funds that were traded, most remained unchanged in price, while three funds gained value, and 11 saw a decline.
The total transaction value on the DSE amounted to Tk 336 crore, compared to Tk 353 crore in the previous trading session.
Among the traded shares, Titas Gas topped the gainers' list with a price increase of 7.28%, while Alif Industries Limited suffered the steepest decline, losing 10% of its value.
Chattogram Market Also Falls
Similar to Dhaka, the Chattogram Stock Exchange (CSE) experienced a significant downturn. The overall index of the CSE dropped by 43 points after the day's trading activities.
Out of the 220 companies that traded on the CSE, 141 recorded a decline in share prices, while only 46 companies saw an increase. The prices of 33 companies remained unchanged.
Despite the index falling and the majority of shares losing value, trading volume in Chattogram increased. The total transaction amount, which stood in the Tk 3 crore range in the previous session, rose to Tk 4.41 crore on the first trading day of the week.
At the CSE, Prime Islami Life Insurance led the gainers with a 10% price increase, while Aman Cotton Fibrous Limited suffered the largest decline, losing 9.55% of its value.