As the days go by, the reckless investment in the insurance sector is increasing. Even though the shares of some companies in this sector have already become overvalued due to rising prices without any reason, now the investors are not taking it into account. Unknowingly, they have continued to invest in this sector. These investors do not have any worries about what will happen in the future.
Recently, insurance companies have been dominating the transactions on a daily basis. The contribution of this sector to the total transactions for a week is seen to be between 30 to 50 percent. Yesterday it stood at five percent.
Reviewing yesterday’s market, it was seen that the insurance company had the sole dominance from the beginning to the end of the transaction like all the previous working days. Like other days, the share price of most insurance companies was seen rising yesterday due to the high demand of investors. At the end of the day, the single contribution of the insurance sector to the total transactions was found to be 55 percent.
Meanwhile, no other sector except insurance could contribute 10 percent to the total transaction yesterday. Among these sectors, there is little interest from investors in the pharmaceutical and chemical sectors. At the end of the day, the contribution of this sector to the total transactions was less than 9 percent. Besides, investors were not interested in any other sector shares.
Meanwhile, selling pressure was more pronounced on the last day of last week, which is why the index is seen to decrease a bit at the end of the day. At the end of the day yesterday, the main index of DSE decreased by about three points. At the end of the transaction, the index was fixed at four thousand 914 points.
On the other hand, due to selling pressure, after 11 working days, the transaction on DSE again exceeded Tk one thousand crore. At the end of the day, a total of 1,029 crore shares and mutual fund units were traded on the DSE.