With the rise of the insurance sector, protection from big drop in prices, growing frustration

Sharebarta 24.com, Dhaka: Shares of most companies, including banks and financial institutions, traded lower on the third working day of the week. The main index of the country’s main capital market Dhaka Stock Exchange (DSE) has decreased by 31 points. On the other hand, the index of Chittagong Stock Exchange (CSE) has decreased by 128 points. After rising on Sunday, the capital market fell for two consecutive days on Monday and Tuesday.

After two consecutive months of ups and downs, the dream of the capital market investors has been lost. Decreasing transactions with the index. The frustration that is spreading is getting bigger day by day. In the three weeks since the price revision started on September 12, the index has not been affected by the price hike of several companies with large capital.

Instead, Beximco, Beximco Pharma, Orion Pharma, Orion Infusion, Lafarge Holcim Cement, British American Tobacco, ICB, BSRM, GPH Steel and other companies started to rise in price revision.

On the other hand, among the companies whose share prices were up in the previous three months, the lion’s share price has fallen sharply. Many companies have lost 10 to 30 percent or more. During this entire period, the number of companies that lost bids each day was more than double or more than the number of companies that lost bids each day. However, on Monday, the last day of the week and the first day of the current week, the number of companies whose prices have doubled or close to those of the companies that fell, the situation returned to normal.

According to the market analysis, out of 32 companies listed in the capital market on Tuesday, 14 declined, 7 rose and 10 remained unchanged. On the other hand, out of 23 financial institutions, the prices of 2 have increased and 19 have decreased. Shares of 28 companies rose on Monday (October 11th).

Similarly, share prices in engineering, power and energy sectors also declined. After one day of rising, the price fell again for two days in a row. However, the country’s insurance sector has turned around even on the day of the fall in prices. Of the 51 companies in the insurance sector, 35 rose, 14 declined and one remained unchanged. This has saved the country’s capital market from a big drop in prices.

According to the DSE, 43 crore 57 lakh 3 thousand 369 shares of 36 companies have been exchanged on the DSE today. Of these, shares of 93 companies rose, 244 declined and 36 remained unchanged.

At the end of the day, the main index of DSE DSEX stood at 6,313 points, down 31 points from the previous day. Apart from the main index, among other DSE indices, the Shariah index decreased by 5.60 points to 1,591 points and the DSE-30 index decreased by 6.40 points to 2,849 points.

The total transaction on the DSE was 1 thousand 73 crore 80 lakh 6 thousand taka. The previous day’s transaction was 1 thousand 746 crore 57 lakh 54 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 Tuesday. Orion Pharmaceuticals is in the second place. In third place was the shares of IFIC Bank. It was followed by Power Grid, Delta Life Insurance, Fortune Shoes, Saif Power, Beximco, British American Tobacco and GPS Steel Limited.

On the other hand, the overall index of the Chittagong Stock Exchange (CSE) CASPI fell by 128 points to 21,360 points. Of the 301 companies that traded on the CSE, 63 rose, 206 declined and 22 remained unchanged. The market turnover was 63 crore 8 lakh 26 thousand 246 rupees. The previous day’s transaction was 72 crore 32 lakh 57 thousand 194 rupees.


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

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