Home ›› 18 Jun 2022 ›› Stock
The key index of the Dhaka Stock Exchange, DSEX, fell 54.56 points to settle at 6,426 points in the last week as the budget for the next fiscal year 2022-23 failed to restore investors’ confidence.
Meanwhile, investors’ participation has fallen drastically as investors have taken a sideline approach amidst ongoing market volatility. The country’s prime bourse’s average turnover declined by 1 per cent to settle at Tk 860 crore as against Tk 868 crore in the previous week.
Speaking to the The Business Post stakeholders said that the last week was gloomy for Dhaka bourse as investors took wait-and-see approach.
The declared proposed national budget has been unable to meet the investors’ expectations and the volatile macroeconomic outlook has compelled the majority of the investors to stay cautious, EBL Securities said in the weekly market commentary.
Many investors have remained cautious in their market investments, and they expect inflation and exchange-rate volatility to rise in the coming quarters as a result of global commodity price increases and growing current account deficits, adding to the volatility on equities in the capital market, according to stakeholders.
DSEX had witnessed a losing streak in the first three sessions of this week; however the market has been able to turnaround in the last two sessions.
The blue-chip index DS30 lost 24.44 points or 1.04 per cent and stood at 2,327.95 points. The Shariah-based index DSES lost 10.49 points or 0.74 per cent and stood at 1,403.26 points in the last week.
Besides, market capitalization at the Dhaka bourse has fallen 0.68 per cent in this week. As of Thursday, the DSE market value declined to Tk 5,19,311 crore from what it was on Sunday, Tk 5,22,881crore.
Out of the 394 issues traded, 117 advanced, 251 declined, and 21 remained unchanged on Dhaka bourse on the week.
Investors were active primarily in Textile (13.7 per cent), Miscellaneous (12.3 per cent) and Engineering (10.2 per cent) sectors.
Sectors in DSE witnessed mixed performance out of which Ceramic (10.7 per cent), Services & Real Estate (3.4 per cent) and Travel & Leisure (1.3 per cent) observed highest returns and General Insurance (-5.2 per cent), Paper & Printing (-3.8 per cent) and Life Insurance (-3.3 per cent) witness the most corrections this week.
The top 10 gainer companies based on the closing price of all companies are Meghna Insurance, Monno Fabrics, Shinepukur Ceramics, H.R. Textile, Miracle Industries, Tosrifa Industries, Hakkani Pulp, S. Alam Cold Rolled Steels, Khan Brothers PP Woven Bag, and Shurwid Industries Limited.
The top 10 loser companies based on the closing price of all companies are Bangladesh General Insurance, Renwick Jajneswar, Rupali Insurance, Green Delta Insurance, Eastland Insurance Company, Mercantile Insurance, Phoenix Insurance, Paramount Insurance, Paper Processing and Packaging, and Desh General Insurance Company.
In the last week, the port city bourse, the Chittagong Stock Exchange (CSE), also showed weakness this week. CSCX and CASPI declined by 0.69 per cent and 0.67 points respectively.
