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The Financial Express

DSXE dips below 5,700-mark as major sectors plunge

| Updated: March 05, 2019 12:01:59


DSXE dips below 5,700-mark as major sectors plunge

The prime index of the Dhaka Stock Exchange (DSE) dipped below 5700-mark on Monday after two months as risk-averse investors sold shares on sector-wise shares.

Market analysts said investors were mostly on selling mode, particularly on banking, non-bank financial and power issues, taking the prime index to two months low.

The market opened on positive note in the morning, but the upward trend failed to sustain amid selling pressure.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 40.66 points or 0.71 per cent to finish at two months low at 5,682.

The two other indices also ended lower. The DS30 index, comprising blue chips, fell 10.71 points to finish at 1991 and the DSES (Shariah) index lost 8.71 points to settle at 1,309.

Turnover, another important indicator of the market, stood at Tk 6.82 billion, which was 3.02 per cent higher than the previous day’s turnover of Tk 6.62 billion.

A total number of 132,762 trades were executed in the day’s trading session with trading volume of 123.65 million shares and mutual fund units.

The market-cap of the DSE also fell to Tk 4,133 billion, from Tk 4,147 billion in the previous day.

The losers took a strong lead over the gainers as out of 343 issues traded, 227 closed lower, 73 ended higher and 43 issues remained unchanged on the DSE trading floor.

Monno Ceramic Industries topped the turnover chart with 2.18 million shares worth Tk 908 million changing hands, followed by United Power, Bangladesh Submarine Cable Company, Square Pharmaceuticals and Premier Bank.

Genex Infosys was the day’s best performer, posting a gain of 4.61 per cent while RAK Ceramic was the worst loser, losing 11.27 per cent following its price adjustment after record date.

The port city bourse Chittagong Stock Exchange also ended lower with the CSE All Share Price Index – CASPI – shedding 75 points to settle at 17,426 while the Selective Categories Index – CSCX –losing 47 points to finish at 10,555. 

Here too, the losers beat the gainers as 143 issues closed lower, 57 ended higher and 33 remained unchanged.

The port city bourse traded 4.85 million shares and mutual fund units worth Tk 211 million in turnover.

 

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