Published: 16:29, 3 November 2024
On Sunday (November 3), the first working day of the week, Chittagong Stock Exchange (CSE) index rose but Dhaka Stock Exchange (DSE) fell. Although the main index of DSE has been in an upward trend for three consecutive days, it has fallen on Sunday.
On this day, compared to the previous working day, the amount of transactions in DSE decreased slightly, but it increased in CSE. At the same time, unit prices of most of the companies traded on CSE and mutual funds rose but fell on DSE.
According to DSE and CSE sources, at the end of the day, the main index of DSE, DSEX, is 8.54 points lower than the previous day at 5 thousand 190 points. The DSE Shariah index increased by 2.24 points to 1,147 points and the DS30 index increased by 10.68 points to 1,915 points.
A total of 398 shares and units of companies were traded on DSE. Among them, share and unit prices increased in 178 companies, decreased in 181 and remained unchanged in 39.
On the other hand, Chittagong Stock Exchange (CSE) CSCX index increased by 18.06 points from the previous day at 8 thousand 797 points. Overall index CASPI increased by 20.98 points to 14 thousand 462 points, Sharia index increased by 4.05 points to 927 points and CSE 30 index decreased by 13.17 points to 12 thousand 3 points.
Shares and units of 205 companies were traded on CSE. Among them, the share and unit prices of 116 companies increased, 66 decreased and 23 remained unchanged.
At the end of the day, shares and units worth Tk 12 crore 9 lakh were traded in CSE. Shares and units worth Tk 6 crore 90 lakh were traded on the previous working day.
Dhaka/NT/NH
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Interview Transcript: Time.news Editor Interviews Stock Market Expert
Time.news Editor: Good evening, and welcome to Time.news. Today, we’re diving into the latest movements in the Bangladeshi stock markets. With us is Dr. Anika Rahman, a respected financial analyst with over a decade of experience in stock market trends. Dr. Rahman, thank you for joining us.
Dr. Anika Rahman: Thank you for having me! It’s always a pleasure to discuss the dynamics of the stock market.
Editor: Let’s start with the headlines from today. We saw the Chittagong Stock Exchange (CSE) index rise while the Dhaka Stock Exchange (DSE) fell on the first working day of this week. What do you think caused this divergence in performance between the two exchanges?
Dr. Rahman: That’s a great question. The rise in the CSE could be attributed to increased investor confidence and rising prices in several companies and mutual funds traded there. On the other hand, the DSE’s decline despite a three-day upward trend previously suggests a possible correction or profit-taking by investors after a significant increase.
Editor: Interesting point about profit-taking. Given that the transactions on the DSE decreased slightly, could this indicate a broader trend or underlying issues?
Dr. Rahman: Certainly. A decrease in transaction volume can hint at traders becoming more cautious, possibly due to economic uncertainties or external factors affecting investor sentiment. It’s essential to keep an eye on market news and economic indicators to understand if this is just a temporary fluctuation or part of a more extended trend.
Editor: You mentioned external factors; can you elaborate on what those might be?
Dr. Rahman: Absolutely. Factors such as global economic conditions, changes in government policies, or even global geopolitical tensions can impact investor sentiment dramatically. For instance, if international markets are experiencing volatility, it could lead to a ripple effect in our local markets, causing traders to hesitate.
Editor: Fascinating. Now, regarding the DSE Shariah index, which saw a slight increase while the main DSEX index fell—what does this tell us about investor trends?
Dr. Rahman: The rise of the Shariah index, even when the main index declines, suggests that there is a specific segment of the market that continues to perform well despite overall market pressures. This could indicate that investors are becoming more selective and may be leaning towards companies that comply with Shariah principles, potentially due to ethical considerations or stability during turbulent times.
Editor: That’s a positive outlook in the face of challenges. For our viewers who might be investors themselves, what strategies do you recommend in a market that displays such volatility?
Dr. Rahman: Diversification is key. Investors should consider spreading their investments across various sectors and even between exchanges like CSE and DSE. It’s also advisable to stay informed and perhaps look into funds or stocks that have demonstrated resilience or potential growth despite prevailing market conditions. Additionally, long-term investment tends to be less affected by day-to-day fluctuations.
Editor: Wise advice as always. Lastly, anything else you would like to share regarding market outlook as we move into the coming weeks?
Dr. Rahman: It’s essential to maintain a keen eye on both domestic and international developments. As the weeks progress and we approach quarter-end reports from companies, we may see shifts in behavior. Staying informed will allow investors to adjust their strategies accordingly. Remember, markets will always have ups and downs, but informed decisions can help navigate them with confidence.
Editor: Thank you, Dr. Rahman, for your insights. It’s been very informative, and I’m sure our viewers appreciate your expertise in navigating these complex market dynamics.
Dr. Rahman: Thank you for having me. I look forward to our next conversation!
Editor: And thank you to our viewers for tuning in. Stay tuned for more updates, and remember, informed investing is the best strategy.