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The Financial Express

DSE, CSE end record low on selling spree

Published: December 10, 2017 14:55:00 | Updated: December 11, 2017 15:25:09


DSE plunges to six-month low

The Dhaka Stock Exchange (DSE) ended to a record low on Sunday as the cautious investors went on selling spree, while the Chittagong Stock Exchange (CSE) also closed marginally lower.

Market insiders said the investors were mostly inactive and not confident enough to put in fresh funds on bearish trend, plunging the market into record low.

The main bourse of the country started the day with a positive note and the DSEX, key index of the major bourse, rose 5.88 points at around 11:00 am. But in the rest of the session it went down steadily.

Finally, the index settled at 6,204 points, after losing 43.79 points, or 0.70 per cent, over the previous day.

Two other indices also closed lower. DS30, comprising blue chips, fell 13.85 points, or 0.61 per cent, to close at 2,250, and Shariah index DSES lost 9.80 points, or 0.70 per cent, to finish at 1,379.

Turnover, the most important indicator of the market, hit about six-month low and the total turnover on the major bourse stood at Tk 4.32 billion, which was 16.44 per cent lower than the previous day’s Tk 5.17 billion.

Al-Haj Textile Mills Limited was the most loser of the DSE trading floor, followed by SEML Lecture Equity Management Fund, Premier Cement, BD Thai Aluminium.

Legacy Footwear Limited was the most gainer of the main bourse, followed by Fine Foods, Bangladesh Autocars ltd and Miracle Industries Limited.

The losers took a marginal lead over the gainers as out of 331 issues traded, 194 closed lower, 94 nudged higher, and 43 remained unchanged on the DSE trading floor.

The port city bourse CSE ended the session marginally lower with its All Shares Price Index (CAPSI) -- CAPSI-- losing 145 points to close at 19,191 and the Selective Categories Index - CSCX – falling 91 points to finish at 11604.

Out of 245 issues traded on the CSE trading floor, 78 closed higher, 145 closed lower, and 22 issues remained unchanged.

The port city bourse traded 7.42 million shares and mutual fund units worth more than Tk 213 million in turnover.

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