Bangladesh
6 years ago

DSE, CSE plunge further on selling spree

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Stock market plunged further on Thursday, the last trading day of the week, mostly due to higher selling in financial and large-cap securities.

The Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) extended the losing streak for the two consecutive sessions.  

Dealers said the cautious investors continued to book profit on sector specific issues, especially the heavyweight banking sector, taking the market into the red zone for second day.

DSE's prime index DSEX settled at 6,248, after losing 18.07 points or 0.28 per cent, over the previous day.

Two other indices of the premier bourse also dropped.

Of those, DS30 index, comprising blue chips, fell 7.40 points, or 0.32 per cent, to close at 2,264 and Shariah index DSES lost 1.38 points or 0.09 per cent to finish at 1,389.

Turnover, an important indicator of the capital market, stood Tk 5.17 billion, which is 11.47 per cent lower than the previous session.

The losers took a marginal lead over the gainers as out of 329 issues traded, 138 closed higher, 145 closed lower and 46 remained unchanged on the DSE trading floor.

As for the port city bourse, it also ended lower with its All Shares Price Index -- CAPSI -- shedding more than 61 points to close at 19,318 and Selective Categories Index - CSCX – also losing more than 40 points to finish at 11,685.

The losers beat the gainers as 106 issues closed lower, 100 closed higher and 36 remained unchanged on the CSE.

The port city bourse traded 7.88 million shares and mutual fund units worth more than Tk 230 million in turnover.

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