The country's stock market is positive

The year 2022 was marked by a global economic recession due to the war in Ukraine and Russia. The stock market of Bangladesh was not out of this, due to which the stock market was in turmoil throughout the year. Its impact remained in the first two weeks of 2023, yet the third week (January 15-19) saw the country's stock market return to a positive trend.

Share market regulatory company Bangladesh Securities and Exchange Commission (BSEC) chairman Professor Shibli Rubayet ul Islam said that the stock market will turn around within the month of January. Even if it does not turn around completely by the month of January, it is said that the stock market will turn around in the first quarter of 2023, he expressed a prayer.

The chairman of BSEC said that funds have started coming into the marketplace. The government's major projects have been completed. Now is the time to generate income from these projects. Which will make the wheels of economy move. And if the wheels of the economy are in motion, the stock market will also turn.

The Ukraine-Russia war has worsened the global economy. That conflict is largely over. If the war between the two countries is settled, the global economy will turn around again. It is said that he thinks that the economy of Bangladesh will turn around along with the stock market.

BSEC Chairman met Prime Minister Sheikh Hasina last week. In the meeting, the Prime Minister directed Investment Corporation of Bangladesh (ICB) to keep depository funds outside the exposure limit. As a result, ICB will be ready to invest about 6000 crores in the stock market. Also, banks still have an opportunity to invest Rs 5,000 crore in the marketplace.

Such expectations of the BSEC chairman and the meeting with the Prime Minister helped to turn the stock market around. Due to which the state's stock market was on the uptrend throughout the last week. Stock market people are coming to say that this will be very good in the future.

Last Week's Stock Market Review

In the outgoing week, the volume of transactions in the stock market also increased with the index. In the outgoing week, the country's largest stock market covering Stock Exchange (DSE) has exchanged 3 thousand 850 crore 52 lakh 11 thousand 111 rupees. And the previous week's total transaction account was 2 thousand 121 crore 40 lakh 57 thousand 919 taka. That is, within a week, the exchange in DSE has increased by 1 thousand 729 crore 11 lakh 53 thousand 192 Taka or 81 percent.

It is known that the main index of DSE, DSEX, rose by 50.39 points or 81.81 percent to 6,265.96 points. Among the other indices, DSE Shariah index increased by 10 points or 0.75 percent and DSE-30 index increased by 9 points or 0.43 percent to 1,367.73 points and 2,208.61 points, respectively.

The market capitalization of DSE before the start of trading on the 1st working day of the outgoing week was Tk 7 lakh 54 thousand 692 crore. At the end of last week's trading, DSE's market capitalization stood at Tk 7,56,841 crore. That is, the market capitalization of DSE increased by 2 thousand 149 crores last week.

A total of 400 firms participated in share and unit trading on DSE in the closing week. Among the companies, share and unit prices of 114 companies increased, 68 companies decreased and 207 companies remained unchanged.

On the other hand, the total number of transactions in Chittagong Stock Exchange (CSE) in the outgoing week stood at Tk 104 crore 55 lakh. In the previous week, the total exchange in the CSE was 476 million rupees. In other words, in the space of one week, the exchange in CSE has increased by 57 crore 49 lakh taka. In the week, the overall index of CSE CASPI increased by 123 points or last decimal 67 to 18 thousand 476 points.

Over 300 institutions participated in share and unit trading on CSE throughout the week. Among the institutions, 91 increased in value, 54 decreased and 155 remained unchanged in value.