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Selling pressure pushes bourses down

WT24 Desk

Country’s capital bourse, Dhaka Stock Exchange (DSE), closed today maintaining the declining trend following the negative tendency of large cap companies, BSS reports.

“Especially, large cap stocks like GP, BATB and Square Pharma had the
highest impact on the negative closing of the prime index,” said market
operator, EBL Securities.

Market turnover decreased by five percent and stood at Taka 3.75 billion by
the end of the session.

The core index, DSEX closed at 4,986.37 points with a loss of 20.68 points.
Besides, the two selective indices, DSE30 decreased by 10.69 points and DSES decreased by 8.35 points to stand at 1748.41 points and 1158.78 points

A total number of 119,432 trades were executed in today’s trading session
with a trading volume of 91.81 million securities. At DSE, 132 securities
gained price while 166 declined and 53 remained unchanged.

Most of the sectors experienced price correction today. Sector wise
performance exposed that travel (2.1pc), jute (0.9pc), tannery (0.8pc)
sectors experienced highest price appreciation while telecom (-1.8pc), food
(-1.6pc) and ceramic (-1.2pc) sectors experienced highest price correction.

Investors’ attention was mostly concentrated on pharmaceuticals and
chemicals (21.2pc), engineering (16.3pc) and textile (9.8pc) sectors.

The port city bourse, Chittagong Stock Exchange (CSE) end session with a
loss today CSCX and CASPI decreased by 54.4 and 88.90 points respectively.

At CSE, a total of 5,320,513 shares and mutual fund of 251 companies were
traded, of which 89 issues advanced while 129 declined and 33 issues remained unchanged.

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