DSEX, the key index of the Dhaka Stock Exchange (DSE), closed the trading session in a bearish mode on Monday for the second consecutive trading session due to concerns surrounding the economic impact of the prevailing unrest.
The index lost 53 points and closed at 5,330 points as investors were afraid of the current market momentum. They may also prefer to sell off their holdings and stay on the sidelines.
The market turnover also declined by 7.8 per cent and closed at Tk 450 crore.
The blue-chip index, DS30, and the Shariah-based index, DSES, closed at 1,902.75 and 1,166.42 points, respectively. All the large-cap sectors posted negative performances on the day as well.
On Monday, the stock market opened at 10am and closed at 2pm amid a relaxed curfew.
EBL Securities in its daily market review said that the benchmark index of the Dhaka bourse extended its losing streak as risk-averse investors continued their sell dominance to protect their funds from the ailing market, being apprehensive of the prevailing unrest that raised concerns regarding the market’s outlook.
The market stayed on a red trajectory for most of Monday’s session as sellers remained predominant across the trading floor since investors are wary of the market momentum due to the prevalent downbeat vibe, it said.
All 19 sectors were on the losing side. Of the 398 scrips traded, 27 advanced, 332 declined, and 33 remained unchanged at DSE.
AGNISYSL topped the turnover chart. TECHNODRUG was the top gainer while PHENIXINS was the top loser. Six stocks were traded at the floor price. In the block market, shares of Tk 15.9 crore were transacted, representing a turnover of 3.54 per cent.
The SME index, DSMEX, increased by 9.86 points and the market generated a Tk 13.5 crore turnover, a 6 per cent decrease from the previous session.
According to the Royal Capital Financial Portal, SQURPHARMA and BATBC contributed the most to the gains and losses of the DSEX on the day, respectively, and the bear took over market control from 11am to the end of the trading session.
The Chittagong Stock Exchange (CSE) also fell sharply on Monday, with the CSE All Share Price Index, CASPI, losing 113.02 points to settle at 15,273.58 and its Selective Categories Index, CSCX, shedding 67.05 points to close at 9,201.66.
Of the issues traded, 167 declined, 27 advanced, and 25 remained unchanged at CSE.
The port city bourse traded 3.84 million shares and mutual fund units with a turnover value of Tk 20.82 crore.
