DHAKA, Nov 20, 2019 (BSS) – Country’s premier bourse, Dhaka Stock Exchange (DSE) registered a sharp downbeat after witnessing volatility over the last three sessions as the investors were closely eyeing on the sector specific stocks ahead of the year-end dividend adjustment.
In line with the previous session, the market opened with a positive note and added 10 points within the half an hour, but the shaky investors’ selling spree wiped out the early gains later.
In addition, the risk-averse investors’ profit booking sell off in bank, financial institutions, food, pharma and engineering sectors stocks pushed the prime index down by 30 points.
The broad index, DSEX closed at 4691.93 points on Wednesday with a sharp fall of 30.43 points.
However, the opportunist investors exposed their buying interest on life insurance, textile and general insurance sectors in expectation of better return.
Trading activities in the day increased by 6.7% over last session as the investors took position on lucrative price levels.
Besides, the two selective indices, Blue Chip index, DSE30 and the Shariah index, DSES also went down by 15.91 points and 10.94 points to settle at 1645.30 points and 1075.44 points respectively.
The top ten traded stocks captured around 31.2% of the day’s total turnover where GP led the list with 5.3% gain.
On the DSE trading floor, a total number of 117,726 trades were executed in today’s trading session with a trading volume of 122.03 million securities.
Losers took a strong lead over the gainers as out of 340 issues traded, 132 securities gained price while 161 declined and 47 remained unchanged.
The major sectors witnessed mixed performance today. Among the major sectors based on market capitalization– bank (-0.6%), financial institutions (-0.5%), food (-0.3%) and pharma (-0.4%) sectors witnessed price correction while life insurance (2.0%), textile (0.1%) and general insurance (0.9%) sectors achieved price appreciation, according to a market operator, International Leasing Securities.
It added the investors’ activity was mostly pinned upon the general insurance (18.5%), pharma (17.6%) and engineering (14.1%) sectors. Grameenphone (5.3%), Square Pharma (5.2%) and National Tubes (4.1%) led the scrip-wise turnover board today.
The top 10 gainers were BD Auto Cars, Beacon Pharma, ML Dying, National Tubes, Asia Insurance, Pioneer Insurance, Kay & Que, MI Cement, Sonarbangla Insurance and Unique Hotel.
Grameenphone topped the turnover chart followed by Square Pharma, National Tubes, Asia Insurance, Wata Chemical, Sonarbangla Insurance, Beacon Pharma, Zenex Infosys, Pioneer Insurance and Stylecraft.
The top 10 losers were Wata Chemical, Square Pharma, Oimex Electode, Green Delta Insurance, Square Tex, Monno Ceramics, Aamra Net, VFS Thread Dying, BD Com and Van Guard AML BD Mutual Fund 1.
On the other hand, the port city bourse, Chittagong Stock Exchange (CSE) also closed at red maintaining the bearish streak of the previous day.
CSCX and CASPI went down by 46.17 points and 71.37 points to stand at 8670.08 points and 14263 points respectively.
At CSE, a total of 5,770,059 shares and mutual fund of 241 companies were traded, of which 91 issues advanced while 111 declined and 39 issues remained unchanged.