POST TIME: 21 February, 2018 00:00 00 AM
DSE bearish trend continues

DSE bearish trend continues

Bearish trend continued for fourth consecutive day on the Dhaka Stock Exchange (DSE) yesterday, due to lower activities of the large-cap securities as investors went on late hours selling spree.

The market opened higher and the benchmark index of the major bourse gained more than 42 points within first 30 minutes of trading, but rest of the session fell steadily, finally ended more than 31 points lower over the previous session.

Market insiders said the prime bourse kept downturn as the largest market cap listed company – Grameenphone’s share plunged 2.74 per cent or Tk 13.90 each to close at Tk 492.80 yesterday.

The falling major sectors were ceramics, food and allied and textile.

A total of 147 securities of large-cap securities moved down due to lower activities. The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 31.21 points down at 5,909.03.

The Shariah DSES and the blue-chip DS30 also followed the same trend with 10.43 points down at 1,379.45 and with 15.67 points down at 2,173.26.

The daily trade fell to 9.99 crore shares from Monday’s 10.46 crore shares. But the day’s trade value at DSE increased to Tk 391.43 crore from Monday’s Tk 377.17 crore.

At DSE, out of the day’s 336 securities, prices of 90 securities closed higher against 191 losing issues.

The major gaining issues were Renwick JA, Apex Foods, Apex Spinning, Takaful Insurance and Pharma Aid.

The major losing companies were RAK Ceramics, Ban Gas, Fine Foods, Sonargaon Textile and Savar Refrigerator. Unique Hotel topped the turnover list followed by

GP, Square Pharma, Lanka Bangla Finance and Fu Wang Foods.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 110.07 points down at 18,257.08.

At CSE, 230 issues were traded. Of those, 58 closed higher and 137 closed lower when 93.90 lakh shares worth Tk 51.13 crore changed hands.