Trading volume rises despite decline in market capitalization
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The Dhaka Stock Exchange (DSE), the country’s premier stock market, saw its index decline on four of the five trading days last week. With most listed companies posting losses, the DSE’s market capitalization fell by more than Tk 7,000 crore week-on-week. However, trading activity increased despite the decline in market indices.
At the end of the last trading day of the week, the DSE’s market capitalization stood at Tk 674,476 crore, down from Tk 681,587 crore on the final trading day of the previous week. This represents a weekly decline of Tk 7,111 crore.
Meanwhile, the DSE’s benchmark index, DSEX, fell 33.19 points or 0.61 percent. The Shariah index declined 19.73 points or 1.84 percent, while the blue-chip DSE-30 index dropped 16.54 points or 0.79 percent.
Of the companies traded on the DSE last week, prices of 109 stocks and units increased, 250 declined and 27 remained unchanged.
Despite the decline in market indices and capitalization, trading volume increased last week. The DSE recorded an average daily turnover of Tk 450.07 crore, compared with Tk 385.20 crore in the previous week.
The average daily turnover increased by Tk 64.87 crore or 13.88 percent.
United Commercial Bank (UCB) recorded the highest turnover among individual companies last week. Its shares registered an average daily turnover of Tk 20.95 crore, accounting for 4.66 percent of total market turnover.
BRAC Bank ranked second with an average daily turnover of Tk 20.17 crore, followed by Prime Bank in third place with Tk 13.64 crore.
The list of the 10 most traded companies also included City Bank, Saiham Textile, Matin Spinning, Anwar Galvanizing, Prime Finance First Mutual Fund, Beximco Pharma and Shahjibazar Power.
Mir Akhter Limited topped the list of weekly price losers. Its share price fell 19.09 percent over the week to close at Tk 25.
RSRM Steel, Information Services Network, BBS, Singer Bangladesh, Anlima Yarn, K&Q, ICB, ICB Sonali Bank One and Deshbandhu Polymer followed in the list of top weekly losers.
On the other hand, Prime Finance First Mutual Fund led the weekly gainers. Its share price rose 21.81 percent during the week to close at Tk 39.10.
Libra Infusions, Premier Leasing, Miracle Industries, Hamid Fabrics, Peoples Leasing, Prime Finance, CAPM IBBL Mutual Fund, Khulna Power and UCB followed in the list of top weekly gainers.
