The stock market saw a lower margin on Monday shedding from 6,233 to 6,198 per its DEX index till 10:30, this morning shedding by 14.05 points owing to investors’ booking profit before Eid amid rising trends of Covid-19 infections. This week’s trading is set to be from this Monday till Thursday. Previously the stock market saw rising margins on Sunday.
On Sunday the stock market gained 63 points reaching DSEX 6,213 points, as investors mainly bought shares of companies with low capital and shares of companies in the textile sector amid the ongoing lockdown.
Last week before Sunday among the shares, a total of 230 advanced while 136 declined with 10 others remaining unchanged. Average daily turnover rose to TK1,602 Crore rising 14 per cent.
Last week before Sunday, the Bangladesh Securities and Exchange Commission (BSEC) also announced a board of governance for the market stabilizer fund worth Tk210,000 million directing companies to provide unclaimed dividends within next month despite listing companies request to extend the deadline by two more months.
However, the share price of Sonali Life Insurance rose 324 per cent trading at Tk67.9 with no price limit placed on its share. Recently, its board of directors also recommended to issue a 10 per cent cash dividend based on its financial year ending on December 31, 2020 and a 2.0 per cent interim cash dividend based on 3 months of 2021 according to its financial year December 31, 2021.
The total volume of trading has been 13,61,83,984 shares valuing at Tk3905.035 million. A total of 181 shares advanced while 133 declined. A total of 54 shares remained unchanged.
Other indexes like the DS30 index shedded 2,246 points with the Shariah Index (DSES) shedding 1,341 points. The turnover stood at Tk2,080 million till 10:30 am.
Among the most traded stocks were BD Finance followed by Sonali Life Insurance, Beximco, LafargeHolcim, and Alif Manufacturing Company at Tk190 million.