Trading increased at the Dhaka Stock Exchange (DSE) on Sunday (March 29), but the market ended with a decline in the index.
As the share prices of most companies fell at the end of the day, all three major indices turned downwards.
According to market analysts, this downward trend is being seen in the market due to selling pressure on some stocks and the cautious stance of investors.
According to DSE sources, the total transaction in the market on the first working day of the week was Tk646.42 crore. The previous working day, Thursday, the transaction was Tk603.81 crore.
Accordingly, the transaction increased by about Tk43 crore in a day.
However, the concerned people believe that despite the increase in transaction, the decline in the index indicates a lack of confidence in the market.
At the end of the day, the main index of DSE, DSEX, fell to 5,272.07 points. The index fell by 44.17 points or 0.83% compared to the previous working day.
The DSES index, which consists of Shariah-compliant companies, fell by 1,066.11 points, which is 7.54 points or 0.70% less than the previous day.
On the other hand, the DS30 index, which consists of the top 30 companies, fell to 1,998.39 points. The index fell by 21.32 points or 1.05% compared to the previous day.
At the end of the trading session, the overall picture of the market showed that most of the shares of companies fell.
On this day, the share prices of 114 companies increased, while the share prices of 250 companies decreased. The share prices of 30 companies remained unchanged.
According to market analysts, selling pressure has been created in the market due to the tendency of some shares to take short-term profits.
As a result, although the index is downward, the volume of transactions has increased slightly.
Prime Tex is at the top of the list of price declines at the end of Sunday's trading session.
The company's share price on the previous working day was Tk20.40, which decreased to Tk19 Sunday. That is, the share price has decreased by 6.86% in a day.
Sea Pearl is in second place. The company's share price has decreased to Tk38.70 from Tk40.80 the previous day. This has decreased the share price by 5.14%.
Orion Infusion is in third place. The company's share price on the previous working day was Tk359.60, which has decreased to Tk343 taka Sunday. This has decreased the price by 4.61%.
ICB AMCL First Mutual Fund is in fourth place. The unit price of this fund has decreased to Tk6.60 from Tk6.90 the previous day. That is, the price has decreased by 4.34%.
Phoenix Finance is in fifth place. The company's shares were trading at Tk4.70 on the previous business day, which has decreased to Tk4.50 Sunday. This has reduced the price by 4.25%.
Market experts say that some caution is being observed among investors recently. As a result, many are selling shares to take short-term profits. This is creating selling pressure in the market and the index is going down.
According to them, stability can be restored in the stock market if long-term investments in the market and investors' interest in companies with strong fundamentals can be increased.
