The nation’s stock market index saw a little decline last week. The average daily trade volume did, however, slightly rise over this time. Shares of financial institutions, banks, and insurance companies saw negative returns in the stock market last week.
According to market data, the DSEX index dropped 1 point to 5,200 points at the end of last week from 5,201 points the week before. From 1,919 points at the end of the previous week to 1,910 points today, the DS-30 index, which tracks a selection of companies, fell 9 points, or 0.48%.
However, the DSE Shariah Index (DSES) increased by 7 points or 0.62% to stand at 1,163 points, compared to 1,156 points at the end of the previous week. The market capitalization of DSE at the beginning of the week was 689,740 crore Taka. By the end of the week, it increased to 695,192 crore Taka. Over the week, the exchange’s market capitalization increased by 54,516 crore Taka.
Last week, trading on the DSE increased somewhat. A total of 2,352 crore Taka was traded on the DSE last week, compared to 2,107 crore Taka in the previous week. In just one week, trading increased by 24 crore Taka or 11.60%. The daily average trading volume also increased in monetary terms. The average daily trading volume on the DSE during the five working days of the week was 470 crore Taka, compared to 421 crore Taka in the previous week. The average daily trading volume increased by 49 crore Taka over the week. During the last week, 413 companies, mutual funds, and corporate bonds were traded on the DSE. Among these, the price of 159 increased, 203 decreased, 37 remained unchanged, 14 did not see any transactions.
The chemical & pharmaceutical industries dominated sector-based trade. According to a study of trading trends, the pharmaceutical & chemical industry accounted for 13.97% of all DSE trading volume last week, placing it in first place. Second place went to the textile industry (12.65%), while third place went to the financial industry (11.33%). Fourth place went to the food related industries (10.67%), fifth place went to the engineering industry (8.39%).
Last week, shares from all sectors, except for 11, showed positive returns on the DSE. Among them, the life insurance sector recorded the highest positive return of 2.49%. The textile sector followed with a positive return of 1.71%, and the technology sector had a return of 1.52%.
On the other hand, the ceramics sector recorded the highest negative return of 2.44%. Other sectors with negative returns included the financial institutions sector (-1.89%), the food and allied sector (-1.66%), the energy & power sector (-1.39%). The stocks that contributed the most to the stock market’s growth last week were Al-Arafah Islami Bank, Grameenphone, Eastern Bank, City Bank, Square Pharmaceuticals.
In the Chittagong Stock Exchange (CSE), a total of 34 crore Taka was traded during the five trading days of the week, compared to 29 crore Taka in the previous week. The overall index of the CSE, CASPI, decreased by 0.22% to stand at 14,497 points, compared to 14,529 points at the end of the previous week. During the discussed week, a total of 297 companies and mutual funds were traded on the CSE. Of these, the price of 119 increased, 151 decreased, 27 remained unchanged.
LND/SAKIB
