Bangladesh
5 years ago

Stocks slip; DSEX slumps below 5,600-mark

DSE daily turnover dips below Tk 4.0b-mark

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The prime index of the Dhaka Stock Exchange (DSE) dipped below 5,600-mark after nearly three months as worried investors continued their selling binge.

DSEX, the prime index of the DSE, went down by 30.40 points or 0.54 per cent to finish at 5,570. It was the lowest level of DSEX since January 02, 2019.

The daily trade turnover on the prime bourse also came down below 4.0 billion-mark to Tk 3.91 billion on Thursday, hitting fresh three months low, as most of the investors were reluctant to make fresh investment in stocks.

Market analysts said institutional investors persistent their cautiousness amid liquidity crunch while small investors were not confident enough to inject fresh fund, taking the market turnover further low.

The market opened on downturn and the negative trend continued until end of the session amid modest volatility.

Two other indices also ended lower. The DS30 index, comprising blue chips, fell 12.58 points to finish at 1993 and the DSES (Shariah) index lost 5.28 points to settle at 1,284.

Turnover came down to Tk 3.91 billion, which was 5.50 per cent lower than the previous day’s turnover of Tk 4.14 billion.

A total number of 109,115 trades were executed in the day’s trading session with trading volume of 72.88 million shares and mutual fund units.

The market-cap of the DSE also declined to Tk 4,149 billion, from Tk 4,163 billion in the previous day.

The losers took a modest lead over the gainers as out of 345 issues traded, 154 closed lower, 135 ended higher and 56 issues remained unchanged on the DSE trading floor.

Singer Bangladesh topped the turnover list with shares worth Tk 237 million changing hands, closely followed by Alif Industries, BATBC, Brac Bank and Monno Ceramic.

Agrani Insurance was the day’s best performer, posting a gain of 9.78 per cent while BIFC was the day’s worst loser, losing 5.17 per cent.

The port city bourse, Chittagong Stock Exchange, ended lower with the CSE All Share Price Index – CASPI – shedding 58 points to settle at 17,108 while the Selective Categories Index – CSCX –losing 36 points to finish at 10,370.

Here too, the losers beat the gainers as 137 issues closed lower, 75 ended higher and 24 remained unchanged.

The port city bourse traded 3.02 million shares and mutual fund units worth Tk 95 million in turnover.

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