Stock prices, turnover dip further
FE Report | Monday, 19 January 2015
Stocks on the country's both the bourses dipped Sunday, the week's first trading day, because of investors' cautiousness to remain safe amid political instability, stock brokers said.
Investors' cautiousness was reflected on turnover value which decreased by around 24.05 per cent than the value observed in previous trading session.
On the day Benchmark index DSEX shed 0.78 per cent or 38.71 points to close at Tk 4917.37 points.
DSE Shariah Index also lost 1.01 per cent or 11.89 points to close at 1162.46 points, whereas DSE30 went down 1.01 per cent 18.69 points to close at 1820.70 points. Among 306 traded issues, 49 advanced, 223 declined and remaining 34 remained unchanged.
At the end of day's trading session, the turnover value stood at 2.51 billion which was Tk 3.31 billion on Thursday last."Getting concerned, investors decided to stay in the sideline plummeting turnover to around Tk 2.5 billion," said a market review of IDLC Investments. It said short term economic outlook is gradually turning gloomy, amid rising cost of doing business caused by continuous blockade. "In this context, export oriented Textile, which shed 1.7 per cent, sector encountered profit booking pressure in today's session, being the top losing sector," the stock broker said.
On the day Fuel and Power was the day's most active sector by capturing a total turnover of Tk 345.8 million.
Another stock broker LankaBangla Securities said, "Businesses are suffering from blockades and costs are going up which is expected to hamper the bottom-line of corporations. The most actively traded stocks in recent time made loss today."
On Chittagong Stock Exchange (CSE) the benchmark index CASPI shed 120.80 points to close at 15080.37 points on Sunday.
Among 226 traded issues, 44 advanced, 159 declined and remaining 23 remained unchanged. At the end of day's trading session, turnover value stood at Tk 161.42 million on the port city bourse.
DSE authority said Khulna Printing and Packaging will be placed in 'A' category from existing 'N' category with an effect from January 19, 2015 as the company has reported disbursement of 5 per cent cash dividend and 10 per cent stock dividend for the year ended on June 30, 2014.
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