Dhaka stocks fell rapidly last Thursday and the current week's Sunday, losing 272 points. The bourse again gained back 77 points amid low turnover on Monday and Tuesday. However, stocks fell again on Wednesday.
At the end of the day's trading, the volume of trade by value was Tk 656 crores, which is the lowest this year. Only 58 companies registered an increase.
The benchmark DSEX index lost 59.95 points on Wednesday. However, the insurance sector was among the biggest risers, as out of 13 companies traded, nine registered an increase, three recorded a fall and one remained unchanged.
Sunlife Insurance Company Ltd in the life insurance sector was the top gainer on Wednesday, while NCCBL Mutual Fund-1 in the mutual fund sector was the worst loser.
The first transaction of 2022 was on January 2, the value of which was Tk 694 crore.
Afterwards, for 35 consecutive days till 20 February, the volume of trade each day was Tk 1000 crores. However, from February 22 to Wednesday, only one day saw transactions over Tk 1000 crores. The other five days saw transactions lower in value.
Although the recent war in Russia and Ukraine and the negative equity in the capital market have been blamed for the continuing decline, The Bangladesh Securities and Exchange Commission (BSEC) Commissioner Sheikh Shamsuddin Ahmed said that what's being said about the fall of the capital market is incorrect. In fact, investors are panic-selling because of rumours.
