Stocks slipped in the red again Tuesday amid thin turnover as investors went for short-term profit booking due to the lack of clear market's direction.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 29.83 points or 0.61 per cent to close at 4,838.63 points. DSEX sustained at 4,800 points level with an average turnover of Tk 2.40 billion in last seven consecutive sessions.
The two others indices also closed in red. The DS30, comprising blue chips lost 11.01 points or 0.61 per cent to close at 1,791.40 points. The DSE Shariah Index dropped 5.93 points or 0.51 per cent to close at 1,142.93 points.
Turnover came down to Tk 2.02 billion, registering a decline of 24.34 per cent over the previous session's value of Tk 2.67 billion.
The investors' attention was mostly focused on power, pharma and bank - the sectors that accounted for 12.76 per cent, 12.06 per cent and 11.34 per cent of the day's total turnover.
International Leasing Securities said: "DSE erased previous sessions' gains amidst the investors sell-off due to profit booking attitude".
The market's unpredictable mood swing took another turn in day's trading as most of the sectors witnessed price correction.
The unexpected decline of 24 per cent in the daily turnover also raised some concerns among the investors regarding the future outlook of the market, the International Leasing Securities added.
IDLC Investments said: "Negative tone prevailed in the bourse due to the lack of perfect confirmation of up rise ahead of year-end, participants and investors continued pursuing meticulous strategy".
Besides, investors remained more focused on grabbing short-term return than long or mid-term amid the sluggishness and increased level of volatility, said the merchant bank.
On macroeconomic front, Bangladesh Bank (BB) declined maximum lending rate for Agricultural & Rural loans to 11.0 per cent from that of 13.0 per cent and directed banks on implementing Basel III, starting from January 2015.
Large-cap stocks took some loss, thus pulling off the index in the red territory. However, mutual funds and small caps were in the buying radar, said the stock broker.
All the large cap sectors lost. Power went down by 0.87 per cent, registering the highest loss. Pharmaceuticals and NBFIs fell by 0.54 per cent and 0.45 per cent respectively.
Cement and banks also ended lower with losing 0.37 per cent and 0.32 per cent. Food and allied edged down by 0.28 per cent while telecommunication closed flat in red with 0.06 per cent loss.
The losers took a lead over the gainers as out of 309 issues traded, 186 declined, 88 advanced and 35 remained unchanged on the DSE floor.
Activities decreased in the major bourse (DSE) where trade and volume were down by 14.57 per cent and 16.62 per cent respectively. A total of 0.065 million trades were executed with trading volume of 64.58 million securities.
The market capitalisation on DSE stood at Tk 3,241.72 billion against Tk 3,255.10 billion in the previous session.
CSE: The port city bourse, Chittagong Stock Exchange (CSE) also closed in the red with its Selective Categories Index - CSCX - lost 46.02 points to close at 9,052.92 points.
However, CSE turnover jumped to Tk 706.06 million Tuesday, registering an increase of 217 per cent over the previous session's value of Tk 222.99 million following reduction of commission charge on daily share transaction.
The port city bourse from Tuesday revised charge on daily share transaction 0.018 per cent on share transaction valued Tk 0 to Tk 50 million, 0.015 per cent on transaction ranging from Tk 50 million to Tk 100 million and 0.013 per cent on transaction valued above Tk 100 million.
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CSE turnover jumps 217pc on commission charge cut
FE Report | Published: December 24, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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