Home ›› 22 Mar 2022 ›› Stock

DSEX inches down amid volatility

Staff Correspondent
22 Mar 2022 00:00:00 | Update: 22 Mar 2022 01:57:08
DSEX inches down amid volatility

The benchmark DSEX index was marginally down in a volatile trade amid continued lackluster trade on Monday.

The index fell 6 points or 0.09 per cent to settle at 6,691, extending its losing streak for the second straight session.

The Shariah-based DSES index saw a fractional rise of 0.20 points or 0.01 per cent to 1,441 and the blue-chip comprising DS30 index rose slightly 1 point or 0.05 per cent to 2,436.

The market could have been declined further once there was no bar on the lower limit circuit at 2 per cent set by the Bangladesh Securities and Exchange Commission on March 8 to prevent the market crash caused by the Russia-Ukraine conflict.

Mutual fund, financial institution, IT sector, Bank sectors were down at the Dhaka bourse due to investors’ profit-booking tendency.

However, textile services, real estate, insurance, tannery industries, food and allied, engineering and pharmaceuticals attracted the investors on the day.

Turnover increased over 3 per cent from the previous session and stood at Tk 634 crore. The volume of trade was led by IT, textile, miscellaneous and pharmaceuticals sectors.

“Market continues its downtrend as investors remain concerned regarding the continued crisis between Ukraine and Russia and the potential adverse impacts on the macro economy” said the EBL Securities in its daily market analysis.

aamra technologies limited was the worst loser falling over 1.99 per cent, followed by Asian Tiger Sandhani Life Growth Fund, Bangladesh Building Systems Ltd, Anlimayarn Dyeing Ltd, VFS Thread Dyeing Ltd and CAPM BDBL Mutual Fund 01.

Gemini Sea Food Limited was the top gainer hitting the upper limit nearly at 8.69 per cent. Premier Bank rose over 5 per cent, followed by Beach Hatchery Limited, Apex Foods, Fortune Shoes, and Bangladesh Shipping Corporation.

×