Home | Breaking News | DSEX down 23.64 points in August

DSEX down 23.64 points in August

WT24 Desk
Key share price indices in the country’s twin bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – continued to suffer loss on Monday, the second trading day of the week.  The broader price index of Dhaka Stock Exchange (DSE) was 23.64 points down in August when market saw volatility amid mixed economic data.
The DSEX closed the last trading session of August at 4768.66 on Monday when the blue-chip and Shariah indices also finished lower at 1883.91 and 1826.97 respectively. The DS30 lost 56.94 points and the DSES 13.38 points in August.

Trading activities on DSE was highly unstable throughout the month because investors were changing portfolio due to lack of clear direction. Some of the economic data that came to the market were positive while some were less expected.  The authorities last week adjusted upward the gas and power prices, which drew mixed public reaction. The investors in the country’s stock market, however, reacted positively, making power sector’s issues the turnover leaders and advancing most of the energy securities at close.

Shares from textile, insurance, food and allied sectors suffered losses as well as the demand side was weak when a large number of investors became watchful ahead of third quarter financial results due next month. Some of them were also selling shares for cash to invest in the forthcoming IPOs.

Market analysts said the mixed economic data made investors largely shaky in making fresh investment decision, bringing the transaction as well as price indices down. The trade value at DSE was marginally up  while the trade volume was 4.72 percent down at 8.16 crore shares. Out of the traded 316 securities, only 60 ended higher against 215 losing issues and 41 remained static.

Shares worth Tk 351.17 crore changed hands at the DSE on Monday as against Tk 350.35 crore on Sunday.

The day’s top 10 losers at the DSE were National Bank, Tosrifa Industries, GPH Ispat, Meghna Condensed Milk, ICB Employees Provident MF 1: Scheme 1, Samata Leather Complex, Legacy Footwear, ICB Islamic Bank, Modern Dyeing & Screen Printing, and 3rd ICB Mutual Fund.  The top five turnover leaders at the DSE were Square Pharmaceuticals, Islami Bank, Lafarge Surma Cement, Titas Gas and Far Chemical Industries.

Chittagong Stock Exchange (CSE) also closed August down when its major CSCX index losing over 50 points to finish the last trading session of August at 8881.66. The CSE key index, CASPI lost 84.94 points to reach 14584.37 at close on Monday. Of the 242 issues traded, 37 advanced, 170 suffered loss and 35 remained unchanged.
The marker was in favour of buyers as most of the trading sessions saw majority of the issues closing lower.

The transaction was also limited as investors remained cautious. A total of 72.22 lakh shares worth Taka 23.63 crore changed hands on the day.  The value of the traded issues at the CSE was Tk 23.62 crore on the day, agencies report.

 

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