Stocks slipped into the red again on Tuesday, after a single-day break, as some investors went for late hours selling binge, particularly on bank shares.
Market analysts said investors were mostly on selling mode, particularly on banking and non-bank financial issues, taking the market in the red zone.
Share prices of 23 listed banks, out of 30, closed in the red, after previous day’s more than 2.0 per cent gain.
The market opened on upward trend and the key index of the prime bourse rose about 15 points within 25 minutes of trading. But rest of the session went down steadily.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,738, losing 17.15 points or 0.29 per cent over the previous session.
Two other indices also edged lower. The DS30 index, comprising blue chips, fell 2.33 points to finish at 2014 and the DSES (Shariah) index lost 0.22 points to settle at 1,319.
Turnover, another important indicator of the market, also fell to Tk 6.79 billion, which was 5.43 per cent lower than the previous day’s turnover of Tk 7.18 billion.
A total number of 140,164 trades were executed in the day’s trading session with trading volume of 132.43 million shares and mutual fund units.
The market-cap of the DSE came down to Tk 4,163 billion, from Tk 4,167 billion in the previous day.
The losers took a strong lead over the gainers, as out of 345 issues traded, 194 closed lower, 113 ended higher and 39 remained unchanged on the DSE trading floor.
Square Pharmaceuticals topped the day’s turnover chart with 1.44 million shares worth Tk 400 million changing hands, closely followed by United Power, Fortune Shoes, Monno Ceramic and Sonar Bangla Insurance.
Takaful Islami Insurance was the day’s best performer, posting a 9.86 per cent gain while Emerald Oil Industries was the worst loser, plunging by 9.90 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also ended lower with the CSE All Share Price Index – CASPI – losing 58 points to settle at 17,534 while the Selective Categories Index – CSCX –shedding 31 points to finish at 10,622.
Here too, the losers beat the gainers as 164 issues ended lower, 75 closed higher and 30 remained unchanged.
The port city bourse traded 6.04 million shares and mutual fund units worth more than Tk 203 million in turnover.
