DSE key indicator dropped below 4700-point mark
Published: March 4, 2015 1:06 pm
4 March 2015, Nirapad News: The key indicator of Dhaka Stock Exchange (DSE) dropped below 4700-point mark on Tuesday to close another session in deep red.
The DSEX, which represents the overall stock market situation, finished the third trading consecutive sessions down at 4695.79, which was 23.60 points lower than previous closing.
The selective blue-chip DS30 and Shariah DSES also closed lower, though the fall was marginal. The DS30 came down to 1748.98 and the DSES slid at 115.17, with market experiencing price fall in 221 issues.
Lanka Bangla suffered over 13.0 percent loss on its ex-dividend trading to become the day’s worst loser. The company early this week declared 10.0 percent cash and 10.0 percent stock dividend, but failed to attract investors. The other major losers were Modern Dying, Progressive Life, Libra Infusion and Sonargaon Textile.
SPCL was the day’s top gainers among 61 advancing issues, with only 5.26 percent gains at close. The other advancing issues also gained moderately when National Tubes, Sonali Ansh, Sino Bangla and BSCCL were among the top five gaining scrips.
Among sectors, cement and telecom made some gain when bank, NBFI, engineering and textile companies were among the major losers. SPCL topped the turnover leaders followed by BSCCL, SA Port, Lafarge Surma and GP.
Market activities were very limited to some specific scrips, resulting in heavy fall in daily turnover. The daily trade volume plunged by 25.14 percent to 5.32 crore shares from Monday’s 7.11 crore when the trade value plummeted by 25.85 percent to Taka 221 crore from previous session’s Taka 298 crore.
Market analysts said the continuous fall was mainly for intermittent political unrest that made most of the cautious about dealing with their portfolio.