DSEX dips below 5,300-mark

FE Online Report | Published: July 29, 2018 15:22:41 | Updated: July 30, 2018 19:27:16


Stocks witnessed yet another bearish session on Sunday with the core index of the major bourse dipping below 5300-mark.

Market insiders said some investors continued their selling spree amid ongoing quarterly earnings while many of them followed cautious stance ahead of monetary policy announcement.

The market opened on a positive note and the key index of the premier bourse rose about 18 points within first 10 minutes of trading. But, it went down amid marginal volatility during the rest of the session.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 25 points, or 0.47 per cent, to settle at 5,280.

Two other indices of the premier bourse also ended lower.

Of those, DS30 index, comprising blue chips, fell 11.74 points to finish at 1,878 and DSE Shariah index shed 11 points to close at 1,248.

Turnover, an important indicator of the market, also fell to a six-week low at Tk 5.77 billion, which is 32 per cent lower than the previous session’s Tk 8.55 billion.

Of the total 336 issues traded on the DSE trading floor, 197 closed lower, 103 higher and 36 issues remained unchanged.

A total of 138,433 trades were executed during the day’s trading session on the DSE with trading 140 million securities.

The market capitalisation of the DSE came down to Tk 3,820 billion on Sunday, which was Tk 3,832 billion in the previous session.

BBS Cables continued to dominate the DSE turnover chart with 2.17 million shares worth Tk 214 million changing hands.

The other turnover leaders were IFAD Autos, Fortune Shoes, KDS Accessories and Square Pharmaceuticals.

Popular Life Insurance was the day’s best performer, posting a gain of 9.96 per cent, while Meghna Pet Industries was the worst loser, losing 9.10 per cent.

Chittagong Stock Exchange (CSE) ended lower with its CSE All Share Price Index – CASPI – losing 107 points to settle at 16,265 and the Selective Categories Index – CSCX – losing 68 points to finish at 9,842.

The losers beat gainers as 154 issues closed lower, 63 ended higher, with 23 issues remaining unchanged on the CSE.

The port city bourse traded 9.30 million shares and mutual fund units worth more than Tk 287 million in turnover.

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