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The Financial Express
Swasti Lankabangla Swasti Lankabangla

DSEX dips below 4,600-mark on Wednesday

| Updated: February 26, 2020 17:39:08


DSEX dips below 4,600-mark on Wednesday

Stock extended the losing streak for the five consecutive sessions on Wednesday with key index dipped below 4,600-mark as worried investors continued their sell-offs on major sectors’ shares.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 72.08 points or 1.55 per cent to settle at 4,549.

DSEX lost 209 points in the past five consecutive sessions.

Market insiders said the central bank’s latest directive on lending rates coupled with the Supreme Court’s ordered on GP continued to prompt investors to sell-offs on bank and GP shares.

Two other indices also ended lower. The DS30 index, comprising blue chips, fell sharply by 33.26 points to close at 1,517 and the DSES (Shariah) index lost 9.61points to settle at 1,060.

Turnover, an important indicator of the market, stood at Tk 6.27 billion on the country’s premier bourse, remaining almost flat over previous day’s turnover of Tk 6.29 billion.

Losers took a strong lead over the gainers, as out of 356 issues traded, 226 closed lower, 84 ended higher and 46 remained unchanged on the DSE trading floor.

A total number of 166,362 trades were executed in the day’s trading session with trading volume of 252.04 million shares and mutual fund units.

The market-cap of the DSE also fell to Tk 3,484 billion, from Tk 3,527 billion in the previous session.

Grameenphone (GP) topped the turnover chart with shares worth Tk 166 million changing hands, closely followed by Indo-Bangla Pharma, VFS Thread Dyeing, Brac Bank and National Polymer.

Central Pharma was also the day’s best performer, posting a gain of 9.56 per cent while Brac Bank was the worst loser, losing 9.53 per cent.

The Chittagong Stock Exchange also kept the losing with its All Shares Price Index (CASPI)—slumping by 207 points to close at 13,941 and the Selective Categories Index - CSCX –losing 128 points to finish at 8,455.

Here too, the losers beat gainers, as 140 issues closed lower, 81 ended higher and 29 remained unchanged on the CSE.

The port city bourse traded 15.36 million shares and mutual fund units worth Tk 334 million in turnover.

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