Bourses see free fall

FE Team | Published: January 24, 2015 00:00:00 | Updated: November 30, 2026 06:01:00

FE Report
Listed stocks on both the bourses declined in four sessions except one after restive politics dampened investors' sentiment last week, brokers said.
Stocks brokers said exchanges witnessed the 'worst' week in January as moribund investment sentiment sends a shock wave last week.
Benchmark index DSEX observed the week's largest single day fall of 73 points on Wednesday.
"The benchmark index lost 158.14 points during the week as investors went selling frenzy amid countrywide blockade and political turbulence," said LankaBangla Securities.
Central bank this week disbursed the second installment of the capital market re-financing scheme worth Tk 3.0 billion.
"Stakeholders expected that the market would bounce back following the disbursement of fund. But market behaved negatively mainly because of investors' hesitation amid uncertain situation," said another stock broker of the premier bourse.
On the Dhaka Stock Exchange (DSE), the market started with negative note and shed 38 points along with a fall observed in turnover value as well.
At the end of week's closing session, the benchmark index stood at 4797.9 points.
Amid investors' cautiousness, the turnover value also declined in both the bourses.
Average daily turnover during the week was Tk 2.57 billion, which was 30.4 per cent less than the value observed in the previous week.
Among 316 traded issues, 269 lost market capitalisation.
"The initial downbeat sustained throughout the week, initiating a panic sale on the 4th session of the week and benchmark index shed a total of 173 points," said a market commentary of IDLC Investments.
At the last session of the week, however, DSEX recouped some of the losses.
At the end of the week, DSEX, DSE Shariah Index and DS30 lost 158, 38 and 61 points respectively.
This week, two stocks made debut on both bourses. The stocks are National feed Mill Limited and C & A Textiles.
Both the companies showed the robust performance by capturing jointly 9 per cent of the week's total turnover.
Among the major sectors, the market price of Paper and Printing rose 4.3 per cent followed by Food & Allied 4.2 per cent and Textile 3.2 per cent.
Ceramics declined 2.0 per cent, mutual fund 1.9 per cent, telecommunication 1.8 per cent and miscellaneous 1.4 per cent.
Lafarge Surma Cement, Grameenphone, BEXIMCO, Western Marine Shipyard and Agni Systems managed to stay positive on the list of most performing stocks.
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