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Share prices shed further on passive investor mood

WT24 Desk

Key share price indices in the country’s twin bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – continued to fall due to poor participation of the investors on Sunday, the 1st trading day of the week. The DSE benchmark index, DSEX dropped 25.06 points or 0.52 percent to close at 4783.81 on the day. Of the 320 issues traded, 80 gained, 202 declined and 38 remained unchanged.

Analysing today’s market pulse, IDLC Finance said, “Gradual trimming down of the market continued as most of the scrips traded succumbed to investors’ reluctance.” “In absence of any major development or story that is strong enough to break 4,800 points barrier, indices are falling as investors appear to be reluctant to stay in a sideways market at this level”, the stockbroker also said.

Shares worth Tk 533.40 crore changed hands at the DSE on Sunday which is Tk 113.38 crore low than the previous trading day. Thursday’s turnover at the premier bourse was Tk 603.24 crore.   The day’s top 10 losers at the DSE were Square Pharmaceuticals, EBL NRB Mutual Fund, 7th ICB Mutual Fund, EBL First Mutual Fund, Trust Bank 1st Mutual Fund, 8th ICB Mutual Fund, 2nd ICB Mutual Fund, 6th ICB Mutual Fund, 3rd ICB Mutual Fund, and Samata Leather.

The top five turnover leaders at the DSE were Shahjibazar Power, Square Pharmaceuticals, Ratanpur Steel Re-Rolling Mills, Islami Bank, and United Power Generation & Distribution.  Top five gainers of the day were Exim Bank 1st Mutual Fund, Beach Hatchery, Apex Foods, Northern Jute Manufacturing and BD Welding Electrodes.  The CSE key index, CASPI lost 84.22 points to reach 14697.29 at close on Sunday. Of the 249 issues traded, 56 advanced, 158 suffered loss and 35 remained unchanged.

The value of the traded issues at the CSE was Tk 38.78 crore on the day, agencies report.

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