Retail investors are in despair as DSE witnesses volatility. BBN file photo
Dhaka, Bangladesh (BBN) - Bangladesh’s stocks witnessed sharp fall on Thursday as investors were mostly on selling spree, fearing further fall of stock prices.
Brokers said the ongoing pessimism coupled with fear of political unrest ahead of the upcoming national election, persuading them to sell off their stocks.
The market opened on positive note and the key index of the major bourse rose about 10 points within first 10 minutes of trading. But rest of the session went down steadily.
At the closing, DSEX, the prime index of the Dhaka Stock Exchange (DSE), plunged 47.96 points while the Chittagong Stock Exchange (CSE) also ended lower with its CSE All Share Price Index – CASPI – losing 98 points.
DHAKA STOCK EXCHANGE
The prime index of the Dhaka Stock Exchange (DSE), settled the week at 5,342, losing 47.96 points or 0.88 percent over the previous day.
Two other indices also ended lower. The DS30 index, comprising blue chips, also fell 13.05 points to close at 1,884 and the DSE Shariah Index lost 10.24 points to finish at 1,230.
Turnover, the another important indicator of the market, remained almost same as total turnover amounting to BDT 5.25 billion which was BDT 5.15 billion in the previous day.
The losers took a strong lead over the gainers as out of the 337 issues traded, 224 closed lower, 77 ended higher and 36 issues remained unchanged on the DSE trading floor.
A total number of 111,640 trades were executed in the day’s trading session with trading volume of 117.46 million securities.
The market capitalisation of the DSE came down to BDT 3,859 billion on the day which was BDT 3,880 billion in the previous session.
United Power Generation & Distribution Company dominated the turnover chart with 1.61 million shares worth BDT 518 million changing hands.
The other turnover leaders were IFAD Autos, Khulna Power, Intech and Active Fine Chemicals.
SK Trimps & Industries was the best performer, posting a gain of 9.89 percent while Khulna Printing & Packaging was the worst loser, losing 9.50 percent.
CHITTAGONG STOCK EXCHANGE
The Chittagong Stock Exchange (CSE) also ended lower with its CSE All Share Price Index – CASPI – losing 98 points to settle at 16,459 and the Selective Categories Index – CSCX – shedding 60 points to finish at 9,969.
The losers took a strong lead over the gainers as 143 issues closed lower, 67 ended higher and 22 issues remained unchanged on the CSE.
The port city’s bourse traded 6.48 million shares and mutual fund units worth BDT 207 million in turnover.
BBN/SS/ANS