Stocks renewed slide for the second day in a row on Monday as investors followed cautious stance amid ongoing quarterly earnings declaration.
Analysts said investors mostly followed ‘wait-and-see’ strategy and observing the market movement carefully amid ongoing earnings declaration.
Following the previous day’s correction, the market opened with a mixed trend amid low trading activities.
After witnessing volatility throughout the session, the DSE key index fell more than 7.0 points while the CSE All Share Price Index (CASPI) lost 63 points at closing.
DSEX, the prime index of Dhaka Stock Exchange (DSE), settled at 5,806, shedding 7.15 points or 0.12 per cent over the previous session.
Two other indices of the premier bourse also ended lower. The DS30 index, comprising blue chips, fell 7.21 points or 0.33 per cent to finish at 2,180 while the DSES (Shariah) index lost 5.18 points or 0.38 per cent to close at 1,348.
Bearish sentiment also reflected on the trading activities as total turnover on the DSE amounting to Tk 4.85 billion, which was 1.42 per cent lower than the previous day’s Tk 4.92 billion.
The losers took a modest lead over the gainers as out of 336 issues traded, 152 closed lower, 130 closed higher and 54 remained unchanged on the DSE trading floor.
Beximco dominated the DSE turnover chart with shares worth Tk 308 million changing hands, closely followed by Al-Arafah Islami Bank, BRAC Bank, Grameenphone and Usmania Glass.
The port city bourse—CSE—also closed lower with its CSE All Share Price Index – CAPSI- shedding 63 points to settle at 17,852 and elective Categories Index - CSCX – falling 41 points to finish at 10,785.
There too, the losers beat the gainers as 126 issues closed lower, 83 higher and 30 remained unchanged on the CSE trading floor.
The port city bourse traded 7.75 million shares and mutual fund units worth more than Tk 365 million in turnover.