Business Report :
Country’s both the bourses– Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Sunday plunged further due to mainly price fall in large-cap securities.
DSEX, the broad index of the Dhaka Stock Exchange, declined by 15 points and settled at 5,182 points as against 5,197 points in the previous trading session.
Market analysts observed that the market started off with a dominant sell pressure that caused the benchmark index to fall by around 50 points in the first hour of trading, while subsequent buying activity on sector specific scrips provided some recovery to the initial plunge.
Meanwhile, trading activities remained stagnant with market turnover in DSE falling below the Taka 3 billion-mark after nearly 2 months, decreasing by 12.5 percent to Taka 2.9 billion as against Taka 3.4 billion in the previous session.
On the sectoral front, Bank (15.1 percent) issues exerted the highest turnover, followed by Pharma (14.3 percent) and Textile (10.9 percent) sectors.
Most of the sectors displayed dismal returns, out of which Jute (-3.2 percent), Mutual Fund (-2.0 percent) and Ceramic (-1.8 percent) exerted the most correction, while only Textile (0.3 percent), Fuel & Power (0.2 percent) and Jute (0.1 percent) exhibited marginal gains on the bourse on Sunday.
Out of the 397 issues traded, 89 advanced, 243 declined and 65 remained unchanged.
The port city bourse, CSE, also settled on red terrain. The selected indices (CSCX) and All Share Price Index (CASPI) were declined.
