Price fall in large-cap drives stocks further down

Country’s both the bourses– Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) — today plunged further due to mainly price fall in large-cap securities.

DSEX, the broad index of the Dhaka Stock Exchange, lost 42.3 points and settled at 5,124 points as against 5,167 points in the previous trading session. Two other indices also ended sharply lower with the DSE 30 Index, comprising blue chips, plunged 14.20 points to finish at 1,889.42 and the DSE Shariah Index (DSES) lost 12.44 points to close at 1,142.10.

Meanwhile, market turnover in DSE again decreased by 20.6 percent to Taka 3 billion as against Taka 3.8 billion in the previous session as cautious investors shy away from taking position in equities considering the current volatile state of the market.

On the sectoral front, Pharma (20.6 percent) issues exerted the highest turnover, followed by Textile (18 percent) and Bank (10.9 percent) sectors.

All the sectors displayed dismal returns, out of Jute Paper (-2.4 percent), Financial Institution (-2.3 percent) and IT (-2.2 percent) exerted the most corrections on the bourse today.

Out of the 397 issues traded, 47 advanced, 289 declined and 61 remained unchanged.
The port city bourse, CSE, also settled on red terrain. The selected indices (CSCX) and All Share Price Index (CASPI) were declined by 43.1 and 75.3 points, respectively. (BSS)