Stocks witnessed a falling streak on Wednesday breaking the rising trend for two consecutive sessions as most investors were busy to book profit on sector-wise securities that pushed the market down.
Market analysts said the stocks at both the bourses witnessed bearish spell on Wednesday due to ongoing pessimism coupled with disappointing dividend earnings in recently announced results of a number of securities that kept investors mostly inactive.
On the other hand, many investors showed selling spree for booking profit.
The market opened in a positive note with volatility that maintained for the first 80 minutes. After that, it went down through volatility
and finally the prime index lost
DSEX, the prime index of the Dhaka Stock Exchange (DSE) lost 14.94 or 0.28 percent to settle at 5,335.38.
Meanwhile, the blue chips index (DS30) lost 1.33 points or 0.07 percent to finish at 1,878.04. The DSE Shariah Index (DSES) was 3.95 points or
0.32 percent lower than the
previous session’s level and closed at 1,222.48 points.
On the other hand, the total turnover in value on the DSE reached Tk 5,147.14 million, showing 6.84 percent fall from Tk 5,524.97 million in the previous day.
The losers beat the gainers as out of 337 issues traded, 189 ended lower, 111 closed higher and 37 remained unchanged on the DSE.
Khulna Power Company dominated the DSE floor and topped the turnovers’ chart with 3.67 million shares changing hands for Tk 422 million.
It was followed by Square Pharmaceuticals (Tk 193.67 million), Summit Power (Tk 132.77 million), Nurani Dyeing (Tk 116.73 million) and VFS Thread Dyeing (100 million)
National Life Insurance was the day’s best performer with 9.97 percent growth in share prices to Tk 187.4 while Bay Leasing was the day’s worst loser, falling 9.52 percent to Tk 17.1.
Meanwhile, the Chittagong Stock Exchange (CSE), the port city bourse, saw a negative trend on Wednesday with selective category index (CSCX) losing 23 points to end at 9,816.
On the other hand, the CSE All Share Price Index (CASPI) moved down by 36 points to settle at 16,191.
At the CSE, total 250 issues were traded. Among them, 79 closed higher, 146 ended lower and 25 remained unchanged.
However, the number of shares transacted on the CSE floor was 8,711,134 and the total turnover in value was almost Tk 20.42 crore.