The prime index of the Dhaka Stock Exchange (DSE) fell to nearly two-month low on Wednesday as cautious investors continued their selling binge on sector-wise shares.
Market analysts said investors were mostly on selling mode, particularly on telecom, banking and non-bank financial issues, taking the market in the red zone.
The market opened on downward trend and the negative trend continued till end of the session with no sign of reversal.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at nearly two-month low at 5,711, shedding 26.81 points or 0.46 per cent over the previous day.
The two other indices also ended lower. The DS30 index, comprising blue chips, fell 15.75 points to finish at 1998 and the DSES (Shariah) index lost 5.08 points to settle at 1,314.
Turnover, another important indicator of the market, stood at Tk 6.89 billion, which was 1.47 per cent higher than the previous day’s turnover of Tk 6.79 billion.
A total number of 142,896 trades were executed in the day’s trading session with trading volume of 144.45 million shares and mutual fund units.
The market-cap of the DSE also fell to Tk 4,150 billion, from Tk 4,163 billion in the previous day.
The losers took a strong lead over the gainers as out of 346 issues traded, 190 closed lower, 105 ended higher and 51 issues remained unchanged on the DSE trading floor.
United Power topped the turnover chart with 916,426 shares worth Tk 372 million changing hands, closely followed by Fortune Shoes, Monno Ceramic, Bangladesh Submarine Cable Company and Meghna Petroleum.
Alif Industries was the day’s best performer, posting a gain of 9.95 per cent while Emerald Oil was the worst loser, losing 9.89 per cent.
The port city bourse Chittagong Stock Exchange also ended lower with the CSE All Share Price Index – CASPI – shedding 61 points to settle at 17,473 while the Selective Categories Index – CSCX –losing 36 points to finish at 10,586.
Here too, the losers beat the gainers as 138 issues closed lower, 90 ended higher and 40 remained unchanged.
The port city bourse traded 6.85 million shares and mutual fund units worth Tk 231 million in turnover.
