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The Financial Express
Swasti Lankabangla Swasti Lankabangla

DSEX dips below 5,800-mark again on selling spree

| Updated: May 02, 2018 13:23:58


DSEX dips below 5,800-mark

The prime index of the Dhaka Stock Exchange (DSE) fell below 5,800-mark once again as investors went on panic driven sell-off on major sectors.

Market operators said the investors went on selling binge as quarterly earnings of many companies failed to meet investors’ expectations while long government holidays fuelled the market fall.

The market opened on a negative note and the downward trend continued till end of the session amid no sign of reversal, finally DSEX plunged more than 74 points while the CSE All Share Price Index fell 230 points at closing.

DSEX, the key index of the DSE, settled at 5,739, losing 74.56 points or 1.28 per cent over the previous session.

The two other indices also saw sharp decline. The DS30 index, comprising blue chips, fell sharply by 28 points or 1.30 per cent to finish at 2,143. The DSE Shariah Index (DSES) lost 18.70 points or 1.39 per cent to close at 1,325.

Turnover, another important indicator of the market, increased slightly and the total turnover on the DSE amounting to Tk 5.92 billion, which was 7.83 per cent higher than the previous day's Tk 5.49 billion.

The losers took a strong lead over the gainers as out of 337 issues traded, 227 closed lower, 73 ended higher and 37 issues remained unchanged on the DSE trading floor.

Beximco topped the turnover chart with 15.30 million shares worth over Tk 485 million changing hands, closely followed by BRAC Bank, Square Pharmaceuticals, Navana CNG and United Power.

Queen South Textile was the day’s best performer, posting a gain of 9.97 per cent while Bank Asia was the day’s worst loser, losing 12.44 per cent following its price adjustment after record date.

The port city’s bourse also ended lower with the CSE All Share Price Index - CASPI – shedding 230 points to settle at 17,696 and Selective Categories Index - CSCX – losing 137 points to finish at 10,698 points.

Here too, the losers beat the gainers as 161 issues closed lower, 51 ended higher and 16 remained unchanged.

The port city bourse traded 9.61 million shares and mutual fund units worth more than Tk 348 million in turnover.

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