Business Today

Suddenly a big transaction in the block before the Eid holiday

Before the start of the Eid holiday, the share trading in the stock market suddenly increased. The Dhaka Stock Exchange (DSE) block market witnessed a turnover of Tk 140 crore on Wednesday. Of these, only one company had a turnover of Tk 52 crore. The overall market turnover has also increased at the end of the day as there is a turnover of around Rs. The Eid holiday is starting in the stock market after the transaction on Thursday.

At the end of the day, the trading volume on the Dhaka Stock Exchange was 932 crore rupees, the highest transaction on the DSE in almost a month. Earlier, on March 31, the highest turnover of Tk 1,117 crore was recorded on the DSE. Market insiders say that blockchain transactions were the main reason behind the increase in transactions in the market yesterday.
Usually, in the case of black market transactions, the buyer-seller is already right. Even the share price is fixed in advance. Shares are transferred from one BO (Beneficiary Owners) to another BO only by exchanging shares through a brokerage house. The advantage of trading in the block market is that a large number of shares can be easily exchanged at a fixed price in this market. But selling large amounts of shares in the general market has a negative effect on the price. In many cases, even those shares become buyers. For this reason, large institutional and individual investors choose the block market for large amounts of share transactions.
Of the 140 crore transactions in the block on the DSE yesterday, only four companies had a turnover of 119 crores. Of this, about 96 lakh shares of GPH Steel have been exchanged for a maximum of Tk 52 crore. Sonali Paper was the second-highest transaction after that. About 3 lakh shares of the company were exchanged for Tk 26 crore 46 lakh. Islami Bank had the third-highest transaction in the block. About 93 lakh 24 thousand shares of the company were exchanged for Tk 26 crore in this block. And more than 21 lakh shares of IPDC, a financial institution worth Tk 12 crore, have been exchanged.
Among the four companies, shares of GPH Steel and Sonali Paper traded at a higher price than the market price. And the shares of Islami Bank have been exchanged at a price of 3 rupees less than the market price. And the shares of IPDC have changed hands at the market price. In all, about 2.5 crore shares of 40 companies were exchanged in the block yesterday.
Among the four companies, shares of GPH Steel and Sonali Paper traded at a higher price than the market price. And the shares of Islami Bank have been exchanged at a price of 3 rupees less than the market price. And the shares of IPDC have changed hands at the market price. In all, about 2.5 crore shares of 40 companies were exchanged in the block yesterday.