Share transaction remained subdued on Monday for the third consecutive session despite significant buying interest showed by a good number of investors in early trade, agencies report. Trading at Dhaka Stock Exchange (DSE) began with an upward trend when some investors were active in buying financial and IT stocks. The trend, however, waned after mid-day when investors took more cautious stand ahead of the new monetary policy.
Bangladesh Bank is set to announce the half-yearly monetary policy statement (MPS) for the second half of the current 2015-16 financial year (FY16) on Thursday. BB Chief Economist Biru Paksha Paul told BSS that the monetary policy would give special importance on various sectors to help accelerate growth and investment.
Market analysts said investors were watchful about the central bank’s stance on capital market, which was so far careful. The observant investors showed some interest in buying financial and IT stocks, but there were lack of demand for other securities. Resultantly, the trade value at DSE fell by over 13.0 percent to Taka 527.15 crore and the volume declined by 2.65 percent to 16.28 crore shares.
The lower trading drove the DSEX 11.21 points down at 4663.62 when the blue-chip DS30 fell to 1756.93 and the Shariah to 1121.10. The market was also in favour of buyers when only 105 issues gained, 178 incurred loss and 39 remained unchanged. Bank, NBFI and telecom were the major gaining sectors, with Dacca Dyeing, ITC, United Ins, Agrani Insurance and CMC Kamal taking the top five position of the day’s gaining companies.
The major losing companies were Samata Leather, Monno Ceramic, Kohinoor, Anwar Galvanizing and Stylecraft. The major lagging sectors were cement, fuel and power, food and allied and pharmaceutical. UPGDL topped the turnover list followed by City Bank, Emerald Oil, Al Baraka, Beximco, Beximco Pharma and Aftab Auto.
Chittagong Stock Exchange (CSE) also closed in red, with its major CSCX index ending 17.07 points down at 8663.42. Out of the 243 issues traded, 78 gained when 132 suffered losses and 33 remained static. The trade value fell to Taka 35.37 crore and the trade volume to 1.27 crore shares.