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STOCK-CLOSED
Bourses observe another nosedive sessions
DHAKA, Oct 9, 2019 (BSS) – Country’s prime bourse, Dhaka Stock Exchange (DSE) closed today’s trading session maintaining the nosedive of the previous day amid the pressure of selling frenzy investors on large-cap stocks.
They went for selling of shares from the beginning of the session in all the sectors that continued till the closure.
With a loss of 32.05 points or 0.65 percent from the previous day, the broad index, DSEX closed in red at 4862.25 points on Wednesday.
Besides, the two selective indices, DSE30 also declined by 14.57 points while the Shariah index, DSES decreased by 7.51 points to stand at 1724.90 points and 1123.85 points respectively.
Amid the downbeat in the market, investors’ participation remained higher than that of last trading day and turnover increased by 6% or Taka 189.3 million to settle at Taka 3.20 billion which also indicates the investors’ interest in sector specific stocks due to price correction, according to a market operator, EBL Securities.
On the DSE trading floor, a total number of 102,686 trades were executed in today’s trading session with a trading volume of 94.35 million securities.
Losers took a strong lead over the gainers as out of 352 issues traded, 68 securities gained price while 241 declined and 43 remained unchanged.
Another operator, International Leasing Securities said trading activities has increased by 6.3% over last session. The engineering sector dominated the turnover board and grabbed 20.5% of the day’s turnover where national tubes topped the turnover list with 7.4% of total turnover.
The top ten traded stocks captured around 37.0% of the day’s total turnover.
All the sectors witnessed correction today. Among the major sectors based on market capitalization- jute (-3.3%), telecom (-1.4%), textile (-1.7%), financial institutions (-0.9%), fuel and power (-0.6%), bank (-0.4%), food (-1.6%) and engineering (-1.6%) sectors witnessed price correction in the day’s session.
The investors’ activity was mostly centered on engineering (20.5%), pharma (17.3%) and fuel and power (10.4%) sectors while national tubes (7.4%), Square Pharma (6.5%) and Summit Power (6.4%) led the script wise turnover board today, it added.
The top ten gainers were First Prime Finance Mutual Fund, ML Dying, Standard Ceramics, National Tubes, SEML FBSL Growth Fund, SEML IBBL Shariah Fund, Shepherd Industries, Pragati Life Insurance, AIBL First Islami Mutual Fund and Shurwid Industries.
National Tubes topped the turnover chart followed by Square Pharma, Summit Power, Standard Ceramics, Monno Stafflers, Silco Pharma, Sonarbangla Insurance, Wata Chemicals, Stylecraft and Grameenphone.
The top ten losers were Al-hajtex Industries, Tung Hai Industries, ICB 3rd NRB Mutual Fund, ICB Employee Mutual Fund 1 Scheme 1, United Air, ICB Agrani 1 Mutual Fund, Kattali Textile, NCCB Mutual Fund 1, Ifad Autos and Intraco Refueling.
Besides, the port city bourse, Chittagong Stock Exchange (CSE) registered a downbeat maintaining the previous day. CSCX and CASPI decreased by 47.63 points and 79.10 points to stand at 8988.72 points and 14804.10 points respectively.
At CSE, a total of 4,974,597 shares and mutual fund of 251 companies were traded, of which 59 issues advanced while 155 declined and 37 issues remained unchanged.
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