For stock market investors, 2024 was a very bad year. Throughout the year, investors have been lamenting the loss of their capital. The market capitalization of the primary stock market, the Dhaka Stock Exchange (DSE), has dropped by more than one lakh crore taka this year amidst an ongoing decline.
In addition to the significant drop in market capitalization, the price index has also experienced a significant decline this year. The average transaction volume has gone up, though. Additionally, as a result of the ongoing price decline, there is now less investment risk in the stock market.
An image of the stock market in 2024 can be found below.
Index of Prices
The DSEX, the primary price index, was 6,246 points at the start of 2024. At the end of the year, the index dropped to 5,216 points from that point. That is, in a single year, the DSE’s primary price index dropped by 1,030 points.
Exchanges
In 2024, there were 235 trading days in the stock market. 1,48,639 crore 85 lakh taka worth of transactions were made on the DSE in total during the course of 2019. The average daily transaction volume was 6,325 crore as a result. In 244 working days, a total of 1 lakh 41 thousand 59 crore 93 lakh taka worth of transactions were completed in the previous year, 2023. 578 crore 11 lakh taka were transacted on average each day.
The IPO drought
In addition to the market’s general downturn, the stock market experienced a drought in 2024. In 2024, only 4 companies went public. There were just four IPOs in 2023, the year before. This hasn’t been observed in the past two years.
Almost a million BO accounts were closed.
In the stock market, there were 17 lakh 73 thousand 551 beneficial owners (BO) accounts as of the first day of 2024. Additionally, there were 16 lakh 82 thousand 451 BO accounts as of the last working day of 2024. In other words, in a single year, there were 91 thousand 100 fewer BO accounts.