The stock market Bangladesh has been on a positive trend for two consecutive weeks in the new year. Shares of multinational companies, including the banking sector, government companies, pharmaceuticals, chemists and Grameenphone, Unilever Care, Marico, Linde BD, Renata and Berger Paint, have risen. The index rose on Thursday (January 13), the fifth and last working day of last week. In other words, in the second week as well as the first week of the year, there was enthusiasm among the investors.
Investors say the recession of the last few days of last year has largely subsided. In particular, the importance of shares of companies with good fundamentals and large capital is increasing.
According to market data, the country’s stock market has gone up in the second week as well as in the first week of the new year 2022. As a result, the market capitalization of the main stock market Dhaka Stock Exchange (DSE) has increased by around Tk 7,000 crore in the last one week. As a result, the market capitalization has increased to over Tk 22,000 crore in the first two weeks of the new year.
Statement of Salman F Rahman, private industry and investment adviser to the prime minister about Stock Market Bangladesh
However, Salman F Rahman, private industry and investment adviser to the prime minister, said there was still weakness in the capital market as institutional investors were not active in the capital market. He was speaking as the chief guest at the opening ceremony of the Beximco Green Sukuk Bond transaction at the Dhaka Stock Exchange (DSE) Multipurpose Hall on Thursday (January 13).
Salman F Rahman said institutional investors contribute the most to a stable market. The participation of retail investors is low. But here we have the opposite. Here the investment of retail investors is more, the participation of institutional investors is less. He noted that in addition to institutional investment, the bond market needs to be strengthened. He said the bond market is stronger than the equity market in all stock markets of the world. The bond market is larger or equal to the equity. But here we have the opposite. Now new products are coming. There is diversity in the capital market. But we don’t have that in our market.
Meanwhile, Bangladesh Bank has written to the banks asking how much money or undistributed and unclaimed dividends have been paid by the banks in the Capital Market Stabilization Fund (CMSF). It has been asked to send this information by January 18.
Earlier, on July 1 last year, the capital market gazette was issued to form a stable fund. According to BSEC sources, about Tk 400 crore has been deposited in the fund so far.
Current Stock Market Condition :
Analyzing the market, it has been seen that at the end of last week’s working day, the market capitalization of DSE stood at Tk 5,64,998 crore. The last working day of the previous week was 5 lakh 56 thousand 31 crore. In other words, the market capitalization of DSE has increased by Tk 8,985 crore last week. The market capitalization had increased by Tk 15,835 crore in the previous week. As a result, the market capitalization has increased by Tk 22,600 crore in the first two weeks of the new year.
Price index of DSE
According to the data, DSEX, the main price index of DSE, has increased by 29.6 points in the last week. The index had risen 230.69 points in the previous week. In other words, in the first two weeks of this year, the main price index of DSE has increased by 260 points.
In addition to the main price index, the DSE Shariah Index, which is made up of companies based on Islamic Shariah, also rose last week. The index has risen 29.56 points over the past week. The index had risen 41.03 points in the previous week. The DSE-30 index, which is made up of well-selected companies, also rose for the first two weeks of the year. This index has increased by 13.22 points in the last week. The index had risen 60.50 points in the previous week.
Meanwhile, the average turnover on the DSE was 1,056.46 crore per working day last week. In the previous week, the average daily turnover was Tk 1,298.63 crore. In other words, the average transaction has increased by Tk 26 crore 75 lakh per working day. The total turnover on the DSE during the last week was Tk 8,732.44 crore. The previous week’s transaction was 8 thousand 46 crore 15 lakh rupees. As a result, the total transaction has increased to 1 thousand 344 crore 29 lakh.
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