Stocks witnessed sharp fall on Monday as risk-averse investors went on selling spree, particularly on bank shares.
Market analysts said small investors were not confident enough to inject fresh fund while institutional investors continued to follow ‘go-slow’, strategy amid ongoing dividend and earnings declarations.
The market opened on downward trend and the negative trend continued until end of the session.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 50.91 points or 0.90 per cent to finish at 5,604.
Two other indices also ended lower. The DS30 index, comprising blue chips, fell 5.76 points to finish at 2017 and the DSES (Shariah) index lost 9.81 points to settle at 1,283.
Turnover, another important indicator of the market, fell below Tk 5.0 billion-mark amounting Tk 4.76 billion, which was 18.6 per cent lower than the previous day’s turnover of Tk 5.85 billion.
A total number of 113,370 trades were executed in the day’s trading session with trading volume of 88.22 million shares and mutual fund units.
The market-cap of the DSE also declined to Tk 4,179 billion, from Tk 4,196 billion in the previous day.
The losers took a strong lead over the gainers as out of 345 issues traded, 279 closed lower, 42 ended higher and 24 issues remained unchanged on the DSE trading floor.
Brac Bank topped the turnover list with shares worth Tk 382 million changing hands, closely followed by BATBC, United Power, Square Pharmaceuticals and Dutch-Bangla Bank.
Marico Bangladesh was the day’s best performer, posting a gain of 6.24 per cent while United Insurance was the day’s worst loser, losing 11.25 following its corporate declaration news.
The port city bourse—Chittagong Stock Exchange—ended lower with the CSE All Share Price Index – CASPI – shedding 206 points to settle at 17,145 while the Selective Categories Index – CSCX –losing 123 points to finish at 10,391.
Here too, the losers beat the gainers as 191 issues closed lower, 26 ended higher and 14 remained unchanged.
The port city bourse traded 4.31 million shares and mutual fund units worth Tk 175 million in turnover.
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