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DSEX hits more than one-month low

FE Online Report | Published: September 01, 2019 17:13:26 | Updated: September 01, 2019 19:37:16


Stocks extended the losing streak for the third straight session on Sunday as risk-averse investors continued their selling binge on sector-wise stocks.

DSEX, prime index of Dhaka Stock Exchange (DSE), went down by 25.09 points or 0.49 per cent to settle more than one-month low to 5,070.

Market analysts said most of the institutional investors are suffering from liquidity shortage while recent market fall created a fright of further fall so general investors are also losing confidence to invest.

Two other indices also ended lower. The DS30 index, comprising blue chips, fell 8.62 points to finish at 1,791 and the DSE Shariah Index lost 5.07 points to close at Tk 1,178.

Turnover, a crucial indicator of the market, also fell to 10-session low and amounted to Tk 3.32 billion, which was nearly 18 per cent lower than the previous day’s Tk 4.03 billion.

The losers took a strong lead over the gainers as out of 351 issues traded, 210 closed lower, 93 ended higher and 48 remained unchanged on the DSE trading floor.

Monno Ceramic Industries topped the turnover chart with shares worth Tk 134 million changing hands, followed by Wata Chemicals, Monno Stafflers, JMI Syringes and National Polymer Industries.

Kay & Que was the day’s best performer, posting a gain of 9.99 per cent while Padma Islami Life Insurance was the day’s worst loser, plunging by 11.82 per cent following its no dividend declaration.

The port city’s bourse, the Chittagong Stock Exchange, also closed lower with its All Shares Price Index (CAPSI) -- CAPSI-- losing 80 points to close at 15,500 and the Selective Categories Index - CSCX – falling 46 points to finish at 9,410.

Here too, losers beat the gainers as 136 issues closed lower, 58 higher and 36 remained unchanged on the CSE.

The port city bourse traded 4.43 million shares and mutual fund units worth more than Tk 134 million in turnover.

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