Since the beginning of 2022, the country’s stock market has been locked in a circle of decline. For more than two and a half years, the market was only in a stagnant decline. Tried to turn around but could not turn around.
Data analysis shows that on January 01, 2022, the main index of the Dhaka Stock Exchange (DSE), the main stock market of the country, was 7 thousand 105 points. Which came to 5 thousand 229 points on the last working day of Sheikh Hasina’s fall. The index decreased by 1 thousand 876 points. Although more than 30 new company shares have been added to the index during this period. If they are excluded, the decline of the index will exceed 2 thousand points.
Investors had hoped that the market would turn around well after the government’s pot change. After the formation of the interim government, the market rallied on expectations among investors. In the first four working days after the fall of the Awami League government, the main index of DSE rose by 786 points. In this, investors started to weave new dreams.
But after four business days, the market continued to walk in a circle of volatility, showing glimpses of investors. Investors’ losses are increasing day by day. Even in the enlightened time of the interim government, the market people are not able to say why the market is dirty.
Meanwhile, new leadership has arrived in the leaderless stock market. For a long time, the stock market was without a guardian. The new chairman of the Bangladesh Securities and Exchange Commission (BSEC) joined the stock market regulatory body on Monday. Investors had hoped that the market would return to a positive trend after the new chairman joined. But today there was a good force sale in some shares of Awami Gharona. The market was positive in the early part of the day on cell pressure but turned negative in the middle. which could not turn around until the end of the transaction. As a result, despite the parent’s return to the stock market, the poor condition of the market remains the same.
Market people say that today is the first working day of the new chairman. Institutional investors and large investors could have kept the market positive if they wanted to. But they were still in the dark as usual. Due to this, the market was in continuous decline. Couldn’t turn around even at the end.
Tuesday Market Review
Today, DSE’s main index ‘DSEX’ is down 60.13 points at 5,715 points. Among the other two indices, ‘DSES’ decreased by 16.45 points to 1,229 points and the ‘DS-30’ index decreased by 27.86 points to 2,093 points. Shares and units worth Tk 518 crore 61 lakh were traded in DSE that day. 807 crores and 15 lakhs were traded the previous day.
A total of 397 shares and units were traded in DSE today. Out of which 64 rates increased, 301 decreased and 32 remained unchanged.
Source: DSE.
