Written by The Banking Post
The Dhaka Stock Exchange (DSE) lost Tk 3,502 crore in market capitalisation last week, even though most listed shares gained and both indices and turnover showed positive momentum.
Market insiders said the decline came mainly from price corrections in large-cap stocks, offsetting gains in small and mid-cap counters. This marks the second consecutive week of market cap erosion after nine weeks of continuous growth.
According to DSE data, prices rose for 241 issues, fell for 129, and remained unchanged for 24. Despite this, the bourse’s total market cap dropped by 0.49% to Tk 7,08,181 crore at the end of the week, from Tk 7,11,683 crore the previous week. A week earlier, it had shed another Tk 3,396 crore.
Following a prolonged eight-week slump after Eid-ul-Fitr, the market rebounded before Eid-ul-Azha, adding Tk 68,095 crore in market cap. But over the past two weeks, it has lost Tk 6,898 crore in total.
Indices in green
While market cap declined, the indices ended higher. The benchmark DSEX gained 24.71 points or 0.46%, the DS30 added 15.62 points or 0.75%, and the Shariah index advanced 17.17 points or 1.48%.
Turnover picks up
Turnover also increased notably. The daily average turnover rose to Tk 907.13 crore, up 31.62% from Tk 689.18 crore in the previous week.
Bangladesh Shipping Corporation topped the weekly turnover chart with an average daily trade of Tk 33.63 crore, accounting for 3.71% of the week’s total. Beximco Pharmaceuticals ranked second with Tk 27.70 crore per day, followed by Orion Infusion at Tk 24.43 crore.
