Retail investors are in despair as DSE witnesses volatility. BBN file photo
Dhaka, Bangladesh (BBN) - Bangladesh’s stocks witnessed yet another bearish session on Monday, extending the losing streak for the two consecutive sessions, as risk-averse investors continued their selling spree.
Analysts said the ongoing pessimism coupled with upcoming monetary policy issue kept investors mostly inactive, taking the key index below 6,100-mark once again.
Following the previous day’s sharp decline, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed positive trend with low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 10 points while the CSE All Share Price Index (CAPSI) of port city’s bourse gained 20 points at 10:45am.
After first 30 minutes of trading, the key index of the country’s prime bourse rose 15 points while the CSE All Share Price Index (CAPSI) gained 24 points at 11:00am.
After one hour of trading, DSE key index fell nearly 9.0 points while the CSE All Share Price Index (CAPSI) gained 21 points at 11:30am.
After 90 minutes of trading, DSEX plunged more than 25 points while the CSE All Shares Price Index lost 31 points at 12noon.
The downturn continued till end of the session, finally DSEX ended more than 60 points lower while CAPSI lost 168 points.
DHAKA STOCK EXCHANGE:
DSEX, the core index of the DSE, went down by 60.04 points or 0.98 percent to settle at more than two months low at 6,059.
It was the lowest level of DSEX since October 31, 2017.
The two other indices also ended lower. The DS30 index, comprising blue chips fell 17.63 points or 0.78 percent to finish at 2,225.
The DSE Shariah Index (DSES) also lost 7.93 points or 0.57 percent to close at 1,376.
Turnover on DSE stood at BDT 4.06 billion, which was 24 percent lower than the previous day’s seven-and-a-half months’ lowest turnover of BDT 3.28 billion.
The losers took a strong lead over the gainers as out of 336 issues traded, 256 closed lower, 40 closed higher and 40 remained unchanged on the DSE trading floor.
Grameenphone topped the DSE turnover chart with shares worth BDT 395 million changing hands, followed by Square Pharmaceuticals, IFAD Autos, Mercantile Bank and National Tubes.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its CSE All Share Price Index – CAPSI- losing 168 points to close at 18,723.
The Selective Categories Index – CSCX – also fell 101 points to close at 11,308 points.
Losers beat gainers as 165 issues closed lower, 34 closed higher and 33 remained unchanged on the CSE.
The port city bourse traded 6.54 million shares and mutual fund units worth more than BDT 177 million in turnover.
BBN/SS/ANS