Lowest transaction in one and a half months on DSE

The country’s stock market transactions have once again fallen below Tk 300 crore. As a result, the main stock market of the country, Dhaka Stock Exchange (DSE), has returned to its previous position of about a month and a half ago. On the first working day of the week, the volume of transactions in the Dhaka market was Tk 285 crore. Before this, the last transaction on DSE was on January 8 last at a minimum of Tk 284 crore.

Market participants say that investors have turned away from the market. New investments are not coming, on the contrary, many of the existing investors are exiting the market by selling their shares. Due to this, if the share price in the market increases a little, the selling pressure increases. As a result, both the index and the share price started to fall. The regular traders of the market were also silent.

In Dhaka market today, the day started with an upward trend of the index. But as the day progressed it started to decrease. At the end of the day, DSE’s main index DSEX fell by 18 points and returned to its level of almost a month ago. At the end of the day, the DSEX index fell to 6,228 points. Earlier on last January 12, the DSEX index was last at the lowest position of 6 thousand 215 points.

If you want to know the reason for this situation in the market, the Managing Director of Merchant Bank IDLC Investments. Moniruzzaman told Prothom Alo that for more than a month, the stock market transactions were revolving around 10 to 15 companies. Shares of those companies fell significantly in today’s market. As a result, it has a major negative impact on transactions. Apart from this, the large price drop of the leading companies in the transaction also spread panic among the common investors. Due to this, they have lost the courage to participate in the transaction. This significantly reduced the market transactions.

Md. Moniruzzaman also said that for several days, new rumors have spread in the market about the lifting of the floor price or the minimum price level. In this too, a large part of individual and general investors have become inactive in the market.

Apex footwear was at the top of the price drop in the Dhaka market today. On this day, the share price of the company fell by 26 taka or more than 8 percent. Shinepukur Ceramics was in the second position. Its share price fell by 3.70 paisa or about 8 percent in a single day. Apart from this, the top five companies in the list of falling prices were Gemini Sea Food, Sonali Paper and Intraco CNG respectively. These companies were dominating the trading on DSE for quite some time.