TBT DESK: Stock indices in both Dhaka and Chittagong's stock markets saw a decline on the fourth trading day of the week on Wednesday.
While all the indices dropped in both markets, overall trading volume increased.
The main index of the Dhaka Stock Exchange (DSE), DSEX, decreased by 2 points. Among the other two indices, the Shariah-based DSES dropped by 1 point and the DS-30 index fell by more than half a point. Despite the decline in the indices, trading volume saw an increase compared to the previous day.
A total of Tk 482 crore worth of shares and units were traded on the DSE, up from Tk 451 crore the previous day. The share prices of most companies participating in the trading session fell.
Out of 395 companies, 150 saw price increases, while 186 companies experienced price declines. The prices of shares for 59 companies remained unchanged throughout the day.
In terms of categories, the majority of shares in the A and Z categories saw price declines, while most shares in the B category saw price increases. Of the 82 companies in the mid-range B category, 39 saw price increases, 33 saw price decreases, and 10 experienced no change in share prices.
Among mutual funds, 24 out of the 36 listed companies experienced price increases. Four companies saw a decrease in prices, while the prices of eight companies remained unchanged.
In the block market, shares worth Tk 26.92 crore were sold from 26 companies. Among these, Bank Asia saw the highest trading value, selling shares worth Tk 10.78 crore in the block market.
Of the companies traded on the DSE, Prime Finance First Mutual Fund was at the top with a 10% price increase, while Tallu Spinning Mills was at the bottom with a 3.39% price decrease. Chittagong Market Also Sees Decline
Similar to Dhaka, Chittagong's stock market also experienced a decline. The overall index of the Chittagong Stock Exchange (CSE) fell by over 1 point.
Despite the decline in the index, trading volume increased in the CSE as well. A total of Tk 6.94 crore worth of shares and units were traded on the CSE, compared to Tk 3.83 crore the previous day.
Out of 193 companies that participated in the trading session, 86 saw price increases, 79 experienced price declines, and 28 saw no change in prices.
In the CSE, Padma Islamic Life Insurance Limited led the market with a 10% price increase, while Beach Hatchery Limited saw the largest price decline, down 9.97%.