Stocks fall for second day
The stock market ended the week with a losing streak as the indices of both bourses of the country fell for the second consecutive trading day yesterday.
The key index of the Dhaka Stock Exchange, DSEX, dropped 6.49 points, or 0.12 percent, before closing at 5,247.
The DSES index for Shariah-based stocks dropped 6.71 points, or 0.57 percent, to 1,167, while the DS30 index for blue-chip shares fell by 20.64 points, or 1.07 percent, to 1,905.
At the Chittagong Stock Exchange, the CSE All Share Price Index (CASPI), the primary index of the port city bourse, saw a similar downward trend as the index slipped 50.19 points, or 0.34 percent, to 14,633.
The day's turnover increased by Tk 488 crore, a rise of 5.28 percent compared to the previous day's trading session. Among the traded securities, 193 scripts saw a price increase, 133 closed lower, and the remaining 73 showed no price fluctuations.
Aramit Cement topped the gainers' list, rising by 10 percent, while Deshbandhu Polymer fell the most, by 5 percent.
The textile sector dominated market activity, placing first on the turnover chart, accounting for 14.28 percent of the total.
Orion Infusion Limited emerged as the most traded share, with a turnover of Tk 19.6 crore.
Among sectors, paper & printing, jute, and non-bank financial institutions (NBFIs) were the top three sectors that closed in positive territory, according to the day's market update by UCB Stock Brokerage.
Conversely, telecom, food & allied, and general insurance were the top three sectors that closed in negative territory.
In its day's market update, BRAC EPL Stock Brokerage noted that most of the large-cap sectors posted negative performances yesterday.
The telecommunications sector experienced the highest loss of 3.42 percent, followed by the food & allied sector (2.52 percent), the fuel & power sector (0.23 percent), the pharmaceuticals sector (0.17 percent), and the banking sector (0.02 percent).
However, the engineering sector reported a gain of 0.50 percent, and the NBFIs sector logged a 1.95 percent gain.
Comments