The Stock Market of the Country Collapsed, the Index is the Lowest in 34 months

News desk: In continuation of the previous working day, there was a big fall in the stock market of the country on Tuesday. On this day, the market collapsed. The main index of the Dhaka Stock Exchange (DSE) fell to its lowest level in 34 months.

Like DSE, the Chittagong Stock Exchange (CSE), another stock market, also saw a decrease in the prices of most companies. As a result, all the indices experienced a big fall. Through this, the share market fell for eight consecutive working days. And out of the last 24 working days, the investors had to see the price fall in 21 working days.

Before this, the share market fell in the last five trading days. In the same week, the market capitalization of DSE decreased by more than 49 thousand crore rupees. And in the fall of four consecutive weeks, the market capitalization decreased by more than 70 thousand crore rupees and the main index of DSE decreased by more than 500 points.

In this situation, stock market trading started on Tuesday by increasing the share prices of most companies. As a result, the main index of DSE increased by 2 points as soon as the trading started. However, within 5 minutes, most of the companies are on the price cut list and the price cut list gets bigger as the trading time increases. As a result, the stock market ended with a collapse.

At the end of the day's trading, only 41 companies have entered the list of price hikes on DSE. On the contrary, the price of 319 companies decreased. And the price of 36 remains unchanged. DSE's main price index DSE-X fell by 84 points to 5,814 points. With this, the index is at its lowest level since May 23, 2021. On May 23, 2021, the main index of DSE was 5 thousand 787 points. The index didn't go down that much after that.

The DSE-30 index, which consists of 30 companies, is down by 22 points compared to the previous day at 2,200 points. And the DSE Shariah index fell by 17 points to 1,268 points compared to the previous day. Along with all the price falls, the volume of transactions has decreased. 465 crore 54 lakh taka has been traded in DSE. 486 crore 67 lakh taka was traded on the previous working day. Accordingly, the transaction has decreased by 21 crore 13 lakh taka.

Shares of Asiatic Laboratories were the top contributors to the trade. 40 crore 65 lakh shares of the company have been traded. Fu-Wang Ceramics in the second place traded shares worth Tk 16 crore 2 lakh. Golden Son is in the third position with a share transaction of Tk 15 crore 47 lakh.

Besides, the list of top ten companies in terms of transactions on DSE includes- Central Pharmaceuticals, Renetta Limited, Best Holding, SS Steel, LafargeHolcim Bangladesh, British American Tobacco and Lavello Ice Cream.

Another stock market Chittagong Stock Exchange (CSE) overall price index CASPI decreased by 275 points. 36 of the 218 institutions that participated in the market rose in price. On the contrary, the prices of 170 have decreased and the prices of 12 have remained unchanged. 16 Crore 83 Lakh Tk. The previous day, the transaction was 12 crore 96 lakh taka.