Equities slip into red amid choppy trading
Telecom, banking, financial sectors suffer most
FE Report | Thursday, 3 October 2019
Stocks slipped into the red Wednesday again as investors were mostly cautious amid ongoing volatile market trend.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 13.02 points or 0.26 per cent to close at 4,936.
Market analysts said investors remained worried and adopted 'wait-and-see' approach despite the government took some market supportive measures.
The Bangladesh Bank has recently announced a fresh policy for providing temporary liquidity support to the scheduled banks for boosting their investment in the country's ailing capital market.
The government and top mobile phone operator also reached a consensus over settling the long disputed audit claims amicably.
Despite the government measures, the share price of Grameenphone fell further by 1.20 per cent to close at Tk 344.70 on Wednesday.
Five large-cap companies - GP, United Power, Square Pharma, Summit Power and Bank Asia, contributed jointly 14 points fall of DSEX.
Two other indices also ended marginally lower. The DS30 index, comprising blue chips, fell 1.24 points to finish at 1,758 and the DSE Shariah Index lost 3.90 points to close at 1,136.
Turnover, a crucial indicator of the market, however, rose to Tk 3.46 billion, which was nearly 14 per cent higher than the previous day's turnover of Tk 3.04 billion.
The port city's bourse, the Chittagong Stock Exchange, also ended slightly lower with its All Shares Price Index (CAPSI) -- CASPI-losing 7.64 points to close at 15,040 and the Selective Categories Index - CSCX -shedding 3.22 points to finish at 9,136.
Here too, losers beat the gainers as 127 issues closed lower, 80 ended ginger and 36 remained unchanged on the CSE.