Dhaka Stock Exchange (DSE) lost more than Tk 10,000-crore market capitalisation in the last week as Ukraine crisis prompted nervous investors to offload their shares.
During the week ending on Thursday, stocks expanded the losing streak for the second straight week amid panic sales.
The market capitalisation on the DSE declined by 1.89 percent or 10,574 crore to close at Tk 550,355.98 crore on Thursday.
However, DSEX, the prime index of the DSE, dropped 151.92 points or 2.17 per cent to settle at 6839.44. The DSEX ended at 6,991 on the last working day of the previous week.
Prof Abu Ahmed, a capital market analyst and eminent economist, told the Bangladesh Post, the capital market witnessed downward trend as the prospect of settlement of negative equities and the Ukraine crisis left negative impacts on the turnover and market capitalisation.
The Dhaka bourse observed a chaotic week as investors were busy selling their shares to avoid further losses, he added.
He suggested investment in companies that are continuing to make good profits over the last few years with business-successful organizations, and have efficient management authorities.
Market analysts said cautious investors booked profit on sector-wise securities by selling their shares in the last two weeks, which pushed the market down.
They said the investors were cautious over rising coronavirus infections and ongoing lower corporate earnings declaration.
The stock market witnessed a massive fall during the last week due to the impacts of some issues, including the Ukraine crisis, they mentioned.
The investors refrained from making any fresh investments and adopted a wait-and-see approach, they added.
The DS30 index, comprising blue chips, also went down by 58.87 points to finish at 2,514.98 points. However, the DSE Shariah Index (DSES) advanced 32.42 points to settle at 1,475.72 points.
The week's total turnover stood at Tk 39.88 billion on the DSE which was Tk 59.67 billion in the week before.
The daily average turnover stood at Tk 9.96 billion, down 16.46 percent from the previous week.
Of 387 issues traded on the DSE, some 73 advanced, 297 declined and 17 remained unchanged on the premier bourse.
Beximco topped the weekly turnover chart with a value of Tk 2.95 billion. It was followed by Fortune Shoes (Tk 2.52 billion), Orion Pharma (Tk 1.32 billion), Bangladesh Shipping Corporation (Tk 964.09 million), and National Life Insurance Company (Tk 624.24 million).
Price-wise, Dragon Sweater was the top weekly gainer, registering a rise of 22.84 per cent while Genex Infosys was the biggest loser, shedding 13.44 percent to close at Tk 137.80 each on Thursday.
On the other hand, the port city bourse, the Chittagong Stock Exchange (CSE) saw a rapid fall with its selective category index (CSCX) losing 2.31 percent in the last week to close at 11999.25 points.
The All-Share Price Index (CASPI) of the CSE was also lower by 486 points to close at 19,991.55 points.
Of the 339 issues traded, 75 advanced, 251 declined and 13 remained unchanged on the CSE trading floor.
The port city's bourse traded 4.75 crore shares and mutual fund units with turnover value of Tk 123.90 crore during the last week.
