POST TIME: 19 February, 2018 00:00 00 AM
DSEX slips below 6,000-mark again

DSEX slips below 6,000-mark again

The broader DSEX index of the Dhaka Stock Exchange (DSE) closed yesterday below 6,000-mark again due to price fall in large-cap securities amid growing concern over the selection of strategic investor of the prime bourse.

Analysts said the growing concern over the final selection of strategic investor in line with the demutualisation scheme coupled with ongoing

liquidity shortage kept the investors at bay.

The broader DSEX index of DSE closed the day with 99.44 points down at 5,950.76. The Shariah DSES and the blue-chip DS30 also followed the same trend with 10.79 point down at 1,394.65 and with 37.38 points down at 2,193.54.

The market started on a downward trend and it continued till the end of the session with no sign of reversal – thereby finally ending nearly 100 points lower.

The daily trade fell to 13.29 crore shares from Tuesday’s 14.73 crore shares and the day’s trade value at DSE decreased to Tk 440.24 crore from Tk 512.17 crore of the previous session.

The falling major sectors were pharmaceuticals and chemicals, textile, banks and paper and printing. A total of 223 securities of the large-cap group moved down due to lower activities.

At DSE, out of the day’s 336 securities, prices of 49 securities closed higher against 270 losing issues.

The major gaining issues were Fine Foods, Intech, Apex Foods, Metro Spinning and Makson Spinning. The major losing companies were BXSYNTH, Dacca Dying, Uttara Bank, Prime Bank and Hakkani Pulp.

Fu-Wang Foods topped the turnover list followed by UNIQUEHRL, Lanka Bangla Finance, Brac Bank and GP.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 178.36 points down at 18,423.81.

At CSE, 227 issues were traded. Of those, 30 closed higher and 182 closed lower when 90.03 lakh shares worth Tk 30.06 crore changed hands.