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DSE market capitalisation slips Tk 18,000cr in 2 weeks

Published : 25 Dec 2021 10:47 PM

Investors have lost their capital worth around Tk 18,000 crore in the Dhaka Stock Exchange (DSE) over the last two weeks with the share prices witnessing a falling trend.

The market-cap (capitalization) of the DSE stood at Tk 539,258.26 crore on Thursday which was Tk 17,932.21 crore lower against Tk 557,190.47 crore two week before. 

On the other hand, stocks witnessed another falling trend in the last week with the prime index of the DSE falling to four month low amid crisis of confidence among investors.

DSEX, the prime index of DSE, went down by 165.56 points or 2.41 percent to close the week at 6,702.

Market analysts said most of the investors continued their selling spree to avoid risk as share of major sectors decreased last several weeks.

On the other hand, the ongoing tension between the Bangladesh Bank and the Bangladesh Securities and Exchange Commission (BSEC) regarding some policy issues affected investors' sentiment badly, which pushed the market down, they added.

Besides, Bangladesh has reported the first two cases of the new coronavirus strain recently that has already spread to nearly 80 countries, they mentioned.

On the other hand, many big stocks witnessed a price fall, putting further pressure on the indices, they said, adding that as a result, most of the investors pulled out of equities.

However, the DS30 index, comprising blue chips, declined by 74.47 points during the last week to finish at 2,511 and the DSE Shariah Index (DSES) went down by 38.66 points to close at 1,423.

The week's total turnover increased to Tk 38.14 billion on the DSE which was Tk 37.33 billion in the previous week.

The daily turnover averaged out at Tk 7.62 billion on the country's premier bourse, which was 18.25 percent lower than the previous week's average of Tk 9.33 billion.

Bangladesh Export Import Company topped the turnover list with shares worth Tk 4.40 billion changing hands.

It was followed by One Bank, Fortune Shoes, Sonali Paper and Board Mills and Genex Infosys.

Of the traded issues, 295 declined, 81 increased and 5 remained unchanged on the DSE trading floor.

On the other hand, the port city bourse, the Chittagong Stock Exchange (CSE) also saw a rapid fall with its selective category index (CSCX) losing 330 points in the last week to close at 11,734 points.

The All-Share Price Index (CASPI) of the CSE was lower by 546 points to close at 19,529 points.

Of the 340 issues traded, 73 advanced, 255 declined and 12 remained unchanged on the CSE floor.

The port city's bourse traded 8.26 crore shares and mutual fund units with turnover value of Tk 351 crore during the time.