The share index is showing an upward trend for the second day after the floor price or minimum price level of the share has been overcome. In the first 30 minutes of trading on Monday, major stock market Dhaka Stock Exchange’s (DSE)’s main index DSEX returned to positive trend, even though the day started with a fall in the index.
After a year and a half, the floor price in the stock market rose from yesterday. As a result, the main index of the Dhaka market fell by 96 points at the end of the day yesterday. Today’s trading started at 10 am following the continuation of the index decline. At 10:30 am, DSE’s main index was up 14 points. However, at around 11 o’clock, the index turned slightly negative again, but within a few minutes it turned upwards.
In the first hour of trading in Dhaka stock market today, the transaction exceeded Tk 400 crore. At the end of the day, market participants are expecting a large amount of transactions. Top executives of several brokerage houses said that investor participation in the market has increased due to the good pace of trading since morning.
The chief executive of a leading brokerage house told Prothom Alo, on condition of anonymity, that investors are increasingly interested in the shares of companies whose share prices are falling more. Due to this, some of the companies whose share prices fell more yesterday have turned around today.
As of writing this report at 11:30 am today, 200 of the 379 companies traded in the Dhaka Stock Exchange have increased in price, while 144 have decreased. The price of 35 was unchanged. During this period, the amount of transactions stood at 458 crores.
After trading on Thursday, the BSEC issued an order to remove the floor price from all shares and mutual funds except for 35 companies. The floor price has been maintained on the 35 companies that have a major impact on the stock market index.
On July 28, 2022, the capital market regulator Bangladesh Securities and Exchange Commission (BSEC) imposed a floor price to prevent the fall of the stock market.
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