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Stock Market Rebounds After Continuous Decline

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  • Update Time : 08:28:18 am, Thursday, 28 November 2024
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The country’s stock market has finally shown signs of recovery after a prolonged period of declining prices. On Wednesday, the fourth trading day of the week, the Dhaka Stock Exchange (DSE) saw the majority of shares and units gaining value, leading to an overall increase in indices and trading volume.

 

In the previous week, share prices fell consistently for all five trading days, causing the DSE’s main index to drop by 157 points. This downward trend continued into the first two trading days of the current week, with the index losing 51 points and 10 points, respectively. Although the index rose slightly by 7 points on the third trading day, most shares and units continued to decline.

 

Yesterday, trading began with the majority of shares and units showing upward trends, causing the indices to rise initially. However, within half an hour, the DSE’s main index turned negative as more shares began to lose value. By the end of the first trading hour, the market saw a shift as shares steadily moved to the gaining list. As the trading day progressed, the number of shares and units gaining value continued to increase, resulting in a positive close for all indices.

 

At the end of the session, 329 companies on the DSE posted gains, while 37 saw declines and 29 remained unchanged. The DSEX, the DSE’s main index, rose by 54 points to close at 5,197.

 

Among the other indices, the DSE Shariah Index increased by 18 points to reach 1,166, and the DS30 Index, which tracks the top 30 companies, climbed by 23 points to 1,917.

 

Trading volume also saw a significant boost, with total turnover on the DSE reaching BDT 451.16 crore, up from BDT 359.77 crore in the previous session—an increase of BDT 91.39 crore. The top contributor was NRB Bank, with shares worth BDT 13.42 crore traded, followed by Grameenphone with BDT 13.27 crore and Agni Systems with BDT 13.18 crore. Other top-traded companies included Bangladesh Shipping Corporation, Midland Bank, Genex Infosys, ICB, Lavello Ice Cream, Far East Knitting, and Islami Bank.

 

In the Chittagong Stock Exchange (CSE), the CASPI index rose by 137 points. Out of 213 traded companies, 143 saw price increases, while 52 experienced declines, and 18 remained unchanged. Total turnover at the CSE stood at BDT 5.44 crore, down from BDT 7.50 crore in the previous session.

 

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Stock Market Rebounds After Continuous Decline

Update Time : 08:28:18 am, Thursday, 28 November 2024

The country’s stock market has finally shown signs of recovery after a prolonged period of declining prices. On Wednesday, the fourth trading day of the week, the Dhaka Stock Exchange (DSE) saw the majority of shares and units gaining value, leading to an overall increase in indices and trading volume.

 

In the previous week, share prices fell consistently for all five trading days, causing the DSE’s main index to drop by 157 points. This downward trend continued into the first two trading days of the current week, with the index losing 51 points and 10 points, respectively. Although the index rose slightly by 7 points on the third trading day, most shares and units continued to decline.

 

Yesterday, trading began with the majority of shares and units showing upward trends, causing the indices to rise initially. However, within half an hour, the DSE’s main index turned negative as more shares began to lose value. By the end of the first trading hour, the market saw a shift as shares steadily moved to the gaining list. As the trading day progressed, the number of shares and units gaining value continued to increase, resulting in a positive close for all indices.

 

At the end of the session, 329 companies on the DSE posted gains, while 37 saw declines and 29 remained unchanged. The DSEX, the DSE’s main index, rose by 54 points to close at 5,197.

 

Among the other indices, the DSE Shariah Index increased by 18 points to reach 1,166, and the DS30 Index, which tracks the top 30 companies, climbed by 23 points to 1,917.

 

Trading volume also saw a significant boost, with total turnover on the DSE reaching BDT 451.16 crore, up from BDT 359.77 crore in the previous session—an increase of BDT 91.39 crore. The top contributor was NRB Bank, with shares worth BDT 13.42 crore traded, followed by Grameenphone with BDT 13.27 crore and Agni Systems with BDT 13.18 crore. Other top-traded companies included Bangladesh Shipping Corporation, Midland Bank, Genex Infosys, ICB, Lavello Ice Cream, Far East Knitting, and Islami Bank.

 

In the Chittagong Stock Exchange (CSE), the CASPI index rose by 137 points. Out of 213 traded companies, 143 saw price increases, while 52 experienced declines, and 18 remained unchanged. Total turnover at the CSE stood at BDT 5.44 crore, down from BDT 7.50 crore in the previous session.