DSEX, the key index of the Dhaka Stock Exchange (DSE), witnessed a 150-point correction in the last two days as investors continued their profit-booking selloffs amid weakening market momentum, although active investor participation remained prevalent across the trading floor.
On Tuesday, DSEX lost 64.32 points, or 1.08 per cent, and closed at 5,867.96. The blue-chip index, DS30, and the Shariah-based index, DSES, closed at 2,134.04 and 1,255.36 points, respectively, while all large-cap sectors posted negative performance.
Market turnover slightly decreased by 11.2 per cent to Tk 1,015 crore from the previous session’s Tk 1,143 crore.
Of the 397 issues traded, 105 advanced, 265 declined and 27 remained unchanged at DSE.
Only four out of 19 sectors were gainers and 15 were on the losing side. BRACBANK topped the turnover chart. NATLIFEINS was the top gainer while ISLAMIBANK was the top loser. Three stocks were traded at the floor price.
In the block market, shares of Tk48.1 crore were transacted, representing a turnover of 4.7 per cent.
The SME index, DSMEX, decreased by 16.95 points and the market generated a Tk 11 crore turnover, a 2 per cent increase from the previous session.
According to the Royal Capital Financial Portal, BRACBANK and SQURPHARMA contributed the most to the gains and the losses of the DSEX on Tuesday and bearish conditions prevailed in the market from the start.
The Chittagong Stock Exchange (CSE) also fell sharply on Tuesday, with the CSE All-Share Price Index, CASPI, losing 148.06 points to settle at 17,009.48 and the Selective Categories Index, CSCX, shedding 90.44 points to close at 10,243.05.
The port city bourse traded 7.357 million shares and mutual fund units with a turnover value of Tk 15.08 crore.
Of the issues traded, 168 declined, 58 advanced and 16 issues remained unchanged at CSE.
Meanwhile, the Financial Institutions Division on Tuesday issued a circular to appoint prominent economist and public policy expert Dr M Masrur Reaz as the chairman of the Bangladesh Securities and Exchange Commission (BSEC) for four years with immediate effect.
BSEC Commissioners Shaikh Shamsuddin Ahmed and Dr Rumana Islam resigned on Monday citing personal reasons after Prof Shibli Rubayat-Ul Islam previously resigned as the BSEC chairman on Saturday night.
On August 5, the Sheikh Hasina-led autocratic Awami League government fell in the wake of a mass uprising led by students. The BSEC chairman’s resignation came five days later.
