Rumors spread that 10 thousand crore rupees are missing from the stock market

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Rumors spread that 10 thousand crore rupees are missing from the stock market
Rumors spread that 10 thousand crore rupees are missing from the stock market

Rumors spread that 10 thousand crore rupees are missing from the stock market

After a long recovery, the country’s stock market fell in the first week of this month. The recession intensified in the second week. And in the third week, the depression is like pouring ghee on the fire. This week, rumors of the resignation of the chairman of the regulatory body spread. Which is why the week was not good at all for the stock market. However, on the last day of the week, the market turned around a bit.

Market analysis shows that in the week of rumors, the market capitalization of the main stock exchange Dhaka Stock Exchange has disappeared above Tk 10,000 crore.

DSEX, the main index of DSE, rose by 55 points at the end of trading on Thursday (October 21). The index stands at 6,006 points. On the other hand, the overall index CASPI on the Chittagong Stock Exchange (CSE) increased by 162 points.

Earlier on Tuesday (October 19), ‘rumors’ linked the big rise in the index. Also in the last hour of the transaction. Rumors spread widely in the market that the chairman of the stock market regulator had resigned. Without confirming the truth of this rumor, a group of investors stumbled upon the sale of shares. At the end of the day, the main index of the main stock market Dhaka Stock Exchange (DSE) DSEX lost 6 points or 1 percent.

It shows that the country’s stock market went through a major recession last week. DSE lost over Rs 10,000 crore in market capitalization. Not only that, with the loss of large sums of capital, all prices have fallen. With that, the speed of transaction has also decreased. The country’s stock market also went through a recession in the previous week. As a result, the market capitalization of DSE decreased by Tk 2,000 crore. In other words, DSE lost over Tk 12,000 crore in two consecutive weeks.

According to market data, the market capitalization of DSE stood at Tk 5,69,751 crore at the end of last week’s trading. Which was 5 lakh 60 thousand 112 crore in the last working day of the previous week. In other words, the market capitalization of DSE decreased by Tk 10,261 crore last week.

In addition to the decline in market capitalization, the share and unit prices of many companies that rose on the DSE last week have fallen almost 11 times. Shares and unit prices of 31 companies traded on the DSE during the week, while 336 declined. And the price of 9 remains unchanged.

Meanwhile, the DSEX, the main price index of the DSE, declined by 16.04 points last week. The index had declined by 99.60 points in the previous week. In other words, the main price index of DSE has decreased by 26 points in the fall for two consecutive weeks.

In addition to the main price index, the DSE Shariah Index, which is made up of companies based on Islamic Shariah, also declined last week. The index has decreased by 49.28 points over the last week. The index had decreased by 27.35 points in the previous week. The DSE-30 index, which is made up of well-selected companies, is also in a steady decline. Over the past week, the index has declined by 19.60 points or 63 percent. In the previous week, the index decreased by 46.25 points or 1.74 percent.

According to market data, the average turnover on the DSE was 1,510 crore 75 lakh per working day last week. In the previous week, the average daily turnover was Tk 1,612.42 crore. As a result, the average transaction per working day has decreased by Tk 301.06 crore. The total turnover on the DSE during the last week was 6,043 crore 3 lakh. The previous week’s transaction was 9 thousand 72 crore 11 lakh. As a result, the total transaction has increased by 3,196 million or 33.32 percent. Total transactions declined at a higher rate due to one Miladunnabi last week.

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