DSEX dips below 4,700 point-mark

The market ended lower for the third running session Monday with key index of the premier bourse dipped below 4,700 point-mark as investors went for selling spree amid cautious stance.
The market opened with a positive note, but could not sustain. At the end of the day’s session, the prime index of the Dhaka Stock Exchange (DSE) --- DSEX --- came down below 4,700 point-mark and ended at 4,684.07 points, shedding 29.80 points or 0.63 per cent.
The other two indices also ended lower. The DS30 index, comprising blue chips went down by 18.59 points or 1.10 per cent to close at 1,662.08 points. The DSE Shariah Index (DSES) lost 8.12 points or 0.82 per cent to close at 977.30 points.
The total turnover on DSE dropped further and amounted to Tk 3.44 billion, registering 11.79 per cent decline over the previous session’s turnover value of Tk 3.90 billion. It was also the one and a half month low turnover since Tk 3.15 billion on January 6 last.
The losers took a strong lead over the gainers as out of 292 issues traded, 158 declined, 98 advanced and 36 issues closed unchanged on the DSE floor.
The market capitalization of the DSE stood at Tk 2,862.94 billion against Tk 2,880.36 billion in the previous session.
Meghna Petroleum dominated the top turnover chart with shares worth Tk 213.05 million changing hands followed by Square Pharma, LankaBangla Finance, BSCCLand Olympic Industries.
Newly listed AFC Agro Biotech was the day’s highest gainer, posting a rise of 5.15 per cent while Shympur Sugar Mills was the day’s worst losers, slumping by 9.52 per cent.
The Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index – CSCX lost 52.02 points to close at 9,217.74 points.
Losers beat gainers 122 to 67, with 22 issues remaining unchanged at the port city bourse that traded 7.79 million shares and mutual fund units, turnover value of Tk 364.14 million.