Dhaka Stock Exchange(DSE) Amid Ongoing Investor Uncertainty
The Dhaka Stock Exchange(DSE) the country’s leading stock market witnessed a significant drop in market capitalization last week with a loss of over Tk 4,000 crore. This decline is attributed to various factors, including concerns over regional conflicts with neighboring countries, prolonged investor uncertainty, and a lack of confidence in the market.
As a result, the market experienced a continuous drop for the fifth consecutive week. A review of the weekly trading data reveals that out of all the companies traded on the DSE last week, 141 saw their prices increase, while 230 companies saw a decline. The prices of 23 companies remained unchanged.
By the end of the week, the market capitalization of the DSE stood at Tk 652,444 crore, a decrease from Tk 656,569 crore at the close of the previous week. This marks a drop of Tk 4,125 crore, or 0.63%, in just one week.
Over the past five weeks, the market capitalization has fallen by a total of Tk 21,422 crore. In addition to the market capitalization loss, the main index, the DSEX, also experienced a decrease of 15.64 points, or 0.32%.
The two other indices, the Shariah Index, which tracks Shariah-compliant companies, and the DSE-30 Index, which tracks the top 30 companies, also saw losses. The DSE Shariah Index fell by 19.91 points, or 1.82%, while the DSE-30 Index dropped by 2.43 points, or 1.3%.
Despite the overall market decline, the pace of trading picked up last week. On average, daily trading volume reached Tk 483.12 crore, compared to Tk 352.53 crore in the previous week, marking an increase of Tk 130.59 crore, or 37.04%.
The top ten companies by transaction value last week were Brac Bank, Beach Hatchery, Midland Bank, NRB Bank, City Bank, Bangladesh Shipping Corporation, Lovello Ice Cream, KDS Accessories, Uttara Bank and Alif Industries. The continued market downturn raises concerns about the stability and future outlook of the stock exchange, with many investors eagerly awaiting clearer signals for market recovery.
