After a recent dip, the country’s stock market has swiftly regained its upward momentum. On Monday, both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) experienced growth, accompanied by a notable increase in transactions on the DSE, surpassing 500 crore rupees. This positive trajectory marks three consecutive working days of price increases.
Although the markets saw an uptick in prices and transactions, the share and unit prices of several companies remained unchanged. Interestingly, more companies retained their prices than those that experienced increases or decreases.
Most of the companies with unaltered shares and units are currently stuck at floor prices. Due to a lack of buyers, holders of shares and units in these companies are finding it challenging to sell their investments.
The trading session on Monday, August 28, initiated with a rise in the share and unit prices of numerous companies. Consequently, the main index of the DSE experienced an initial increase of 4 points.
During one phase of the trading session, the DSE main index surged by 14 points, buoyed by the continuing rise in share prices. However, in the final hour of trading, a subset of investors initiated selling pressures, leading some previously ascending companies to transition into the falling category. This resulted in a shorter list of price hikes.
Closing the day’s trading on the DSE, 67 companies registered an increase in share and unit prices across various sectors. In contrast, the prices of 89 companies experienced a decrease, while 182 companies remained unchanged.
The DSE DSEX, the primary index, recorded an increment of 1 point to reach 6,299 points. Among the other two indices, DSE Shariah increased by 2 points to 1,373 points compared to the previous day, while the DSE-30 index, comprising 30 carefully chosen companies, elevated by 3 points to reach 2,143 points compared to the previous day.
Accompanying the rise in indices, the pace of transactions on the DSE also escalated.
A total of Tk 540.09 crore was traded throughout the day, exhibiting a substantial increase of Tk 112.60 crore from the previous day’s trading volume of Tk 427.49 crore.
In terms of trading volume, shares of Fu-Wang Food remained the top performer for several consecutive working days, with shares worth Tk 50.31 crore traded. Rupali Life Insurance secured the second position with shares valued at Tk 25.89 crore, and Sonali Paper claimed the third spot with share transactions totaling Tk 23.86 crore.
Additionally, the top 10 companies by trading volume on the DSE included Intraco Refueling Station, Eastern Housing, Gemini Sea Food, Sea Pearl Beach Resort, Continental Insurance, Khan Brothers PP Oven Bag, and Orion Infuse.
Meanwhile, the Chittagong Stock Exchange (CSE) experienced an overall price index increase of 11 points. Among the 195 participating firms, 47 witnessed a rise in prices. In contrast, 53 companies experienced a decline, while the prices of 95 firms remained unchanged. A total of Tk 10.71 crore was transacted, with a previous day’s trading volume of Tk 4.49 crore.
The stock market’s rebound reflects the resilience of the financial ecosystem and investor sentiments, promising increased market activity in the coming days.