Despite Increased Trading, Share Market Sees Consecutive Declines

The downward trend in the country’s share market shows no signs of stopping. Although the index has fallen for four consecutive trading days, trading volume has actually increased.

On the first trading day of the week, Sunday, transactions at the Dhaka Stock Exchange (DSE) exceeded BDT 7.6 billion, which is BDT 540 million higher than the previous day.

Leading the trading volumes were Bangladesh Shipping Corporation (BDT 273.2 million), Orion Infusion (BDT 224.4 million), and Malek Spinning (BDT 213.4 million).

By the end of the day, the prices of shares and units of 247 companies on the DSE had declined, while 109 saw price increases and 45 remained unchanged. The main index, DSEX, dropped by 57 points to close at 5,351 points. Over four days, the index has lost a total of 185 points.

Analysts suggest that investors are booking profits following recent gains, resulting in a ‘price correction’. They expressed optimism that with no major concerns surrounding the upcoming election, the market will recover swiftly.

The Chittagong Stock Exchange (CSE) mirrored this trend. The CASPI index fell by 156 points, with trading amounting to BDT 2.592 billion.