After the fall of the Sheikh Hasina government, the stock market seems to have returned to life. There was a consistent upswing in the indices and transactions daily. In the first four working days after the fall of the Hasina government, the Dhaka Stock Exchange (DSE) index rose by 786 points.
Many of those who bought shares during these four working days made a 20-30 percent profit on their investment. The market saw a major correction as investors who took profits from yesterday started taking their profits. On this day, the DSE index fell by more than 83 points.
Investors who took profits continued to take profits on Tuesday. That’s why the stock market was on the way to a big fall on Tuesday. Today the DSE index fell by more than 64 points.
It can be seen that the stock market index increased by 787 points in the first four working days. And in two working days, the index fell by around 148 points due to profit-taking pressure.
Market stakeholders say that the banking and financial sector is the most important sector of the stock market. The shares of these two sectors were in a negative trend for the last two days. The reason for this is that for the last two days, the participants of the sector were full of negative criticism regarding the irregularities and corruption in the banking and financial sector. CPD has claimed that 92 thousand crore taka have been embezzled in the scam of 24 banks. This news has a big negative impact on the stock market. As a result, there has been a sudden downturn in emerging markets.
Meanwhile, despite the big rally in the stock market in the first four working days, institutional investors and large investors could not collect the required shares. They are capitalizing on negative news and intensifying the bearish trend with sell pressure. So that you can grab the shares of investors at a low rate.
Meanwhile, in the first four working days, there was a big rise in the stock market, but institutional investors and large investors could not collect the required shares. They are capitalizing on negative news and intensifying the bearish trend with sell pressure. So that you can grab the shares of investors at a low rate.
Market people say that the market has been corrected in two days. And maybe not corrected. The market may turn around from tomorrow. According to them, good days are waiting for the market ahead. Because remittances have already started increasing. Export trade will also see an upswing very soon. As a result, the country’s economy will turn around.
Tuesday Market Review
Today, DSE’s main index ‘DSEX’ is down 64.31 points at 5,867 points.
Besides, another index of DSE ‘DSES’ decreased by 15.45 points to 1 thousand 255 points, and the ‘DS-30’ index decreased by 19.49 points to 2 thousand 134 points.
Shares and units worth Tk 1,150,010,000 were traded in DSE today. One thousand 143 crore 02 lakh taka was traded the previous day.
A total of 399 shares and units of companies were exchanged in DSE that day. Among the institutions that participated in the transaction, 106 companies increased in price, while 269 companies decreased in price. Besides, the share and unit prices of 24 companies were unchanged.
Source: DSE
