Dhaka, Bangladesh (BBN) – The market experienced yet another massive fall on Monday with turnover dipped below BDT 3.0 billion as investors remained reluctant to make fresh investment into stocks, fearing potential turmoil in political frontier.
The benchmark index of the Dhaka Stock Exchange (DSE) — DSEX hits a new one-and-a half month low as it went down by another 31.11 points or 0.78 per cent and closed the session at 3,937.68 points.
Trading activities remained sluggish and total turnover stood at only BDT 2.72 billion, registering 18.1 percent decline over the previous session’s value which was the lowest in the last 33 sessions since BDT 1.62 billion on August 13, 2013.
“Fear of potential turmoil in political frontier knocked investors’ sentiment very negatively during the day’s session,” IDLC Investments, said in its regular market analysis.
Seemingly, investors were neutralizing quick return especially, in most of the Micro Cap scrips ahead of Eid-ul-Azha, said the merchant bank.
Conversely, investors were focusing fundamentally strong Large Cap scrips as those were providing lucrative price advantage in recent time, the merchant bank said.
Meanwhile, investors’ confidence continued to wane gradually, as turnover went below BDT 3.0 billion level after 32 sessions, the merchant bank added.
BBN/SSR/AD-01Oct13-9:02 am (BST)
