Falling prices in the banking-insurance and financial sectors, the wind in the energy sector

Sharebarta24.com, Dhaka: Despite the rise in the index on the fourth working day of the week in the capital market, bank-insurance and financial shares have fallen sharply. Basically, for several days, the price has started falling in these 3 sectors. What is the reason for the sudden fall in prices in these three sectors is now on the lips of investors. On the other hand, despite the fall in the prices of the financial sector, the share of the state-owned energy sector is up.

Over the last few days, investors have been leaning towards new investments in the sector. Investors are buying shares in the energy sector by selling shares in other sectors. However, after 11 years of long collapse in the capital market, the shares of the energy sector are hitting new highs. As a result, there is relief among the investors in the energy sector.

Meanwhile, only one of the seven companies in the public energy sector saw a drop in prices on Wednesday. Of the rest, the prices of the two have increased to the maximum extent. All the government companies in the energy sector are fundamental, which make attractive profits every year and pay good dividends. While each company’s earnings per share and asset value are attractive, they have been dormant for the past few years. However, recently their share price has been seen to rise.

However, while talking to several investors, he said that the situation in the capital market has been volatile for several days. Shares of Orion Group, along with Bekrimco Group, have been on the rise in the market.

Meanwhile, on the fourth working day of the week, the index started trading in an upward trend in the first hour of the day, but the remaining three and a half hours were traded in a downward trend. However, the trading on Wednesday ended in an upward trend of the index. The main index of the country’s main capital market Dhaka Stock Exchange (DSE) has increased by 27 points.

The Chittagong Stock Exchange (CSE) index rose 61 points. Along with the index, transactions have also increased. The stock market rose slightly on Tuesday and Wednesday after falling on Monday. Although the index rose, the share price of most companies fell.

Shares of banks, insurance, food and accessories and power and energy sectors rose on Wednesday. The pressure of selling shares started before the first hour of the transaction. And due to this pressure, the remaining 3 and a half hours of the day have been traded in the downward trend of the index. Of the 32 companies in the banking sector, 19 declined.

Of the 51 companies in the insurance sector, 48 declined. Besides, prices of 23 companies in the financial sector declined by 19. But at the beginning of the day, the share price of these sectors increased. However, market participants think that this rise has not taken place.

According to the DSE, 54 crore 54 lakh 93 thousand 391 shares of 364 companies were exchanged on the DSE on Wednesday. Of these, shares of 112 companies rose, 231 fell and 31 remained unchanged.

At the end of the day, DSE’s main index DSEX stood at 7,351 points, up 19 points from the previous day. Apart from the main index, among other indices of DSE, Shariah index has increased by 5.62 points to 1,600 points and DSE-30 index has increased by 9.69 points to 2,008 points.

The total transaction on the DSE was two thousand 61 crore 26 lakh 44 thousand taka. The previous day’s transaction was two thousand 352 crore four lakh 11 thousand rupees. In other words, the transaction has increased a bit compared to the previous day.

Shares of Lafarge Holcim were the most traded on the DSE on Wednesday. Orion Pharmaceuticals was in second place and Beximco was in third place. Then there were Power Grid, Paramount Textile, GPS Steel, Saif Power, Ifad Autos, Power Grid and Shinepukur Ceramics Limited respectively.

On the other hand, the overall index of the Chittagong Stock Exchange (CSE) CASPI rose by 61 points to 21,514 points. Of the 325 companies that traded on the CSE, 102 rose and 196 declined. The share prices of 28 companies remained unchanged. The market turnover was 116 crore 14 lakh 75 rupees. The previous day’s transaction was 69 crore 8 lakh 96 thousand 419 rupees.

Source: Share Barta 24 by www.sharebarta24.com.

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