Staff Reporter :
The warning lights on the dashboard of the two bourses since January 5 have been flashing red. The concern officials of the stocks are not yet sure when the light would turn green.
Although experts said that there is no absolute sign of imminent road crash, the stock market witnessed continuous fall due to lack of confidence among the investors in the past January.
In the past month (January), the main DSE index lost 300 points while the daily turnover dropped to Tk 2 billion.
On Monday, the DSE benchmark index, DSEX shed 36.52 points percent to close at 4618.43 on the day. Of the 309 issues traded, 93 gained, 180 declined and 36 remained unchanged.
Shares worth Tk 226.94 crore changed hands at the DSE on Monday against Tk 184.68 crore on Sunday.
The CSE key index, CSCX, lost 52.21 points to reach 8562.31 at the close on Monday. Of the 241 issues traded, 62 advanced, 147 declined and 32 remained unchanged.
The value of the traded issues was Tk18.78 crore at the CSE on the day.
The day’s top 10 losers at the DSE were Modern Dyeing & Screen Printing, Rahima Food, Shurwid Industries, Shahjibazar Power, National Feed Mill Limited, Pragati Life Insurance, Northern Jute Manufacturing, Eastern Lubricants, Nitol Insurance, and CVO Petrochemical Refinery.
The investors’ attention was mostly focused on textiles and power- the sectors that accounted for 18 per cent and 13 per cent respectively of the week’s total turnover value.
All the major sectors closed in red last week except food and allied sector, which gained 3.72 per cent due to price appreciation of its heavy height constituent BATBC. BATBC gained 10.27 per cent alone during the week.
NBFIs went down by 0.22 percent. Telecommunication posted heavy loss – 5.08 per cent and power went down by 2.47 per cent. Cement and pharmaceuticals retraced by 1.37 per cent and 0.40 per cent respectively. Banks closed lower with 0.87 per cent loss.
The losers took a lead over the gainers out of 316 issues traded, 236 advanced, 64 declined and 16 remained unchanged on the DSE trading floor.
The market capitalisation of the DSE went down by 1.35 per cent as it was Tk 3,221.14 billion on the opening day of the week and it stood at Tk 3,177.70 billion on closing day of the week.
Market analysts said it is ‘natural’ that the current situation of Bangladesh would affect the stock market. They expressed anxiety over the outcome of the situation.
Former chairman of Bangladesh Securities Exchange Commission (SEC), a market regulatory body, AB Mirza Azizul Islam said it was ‘foolish’ to think that the stock market would be normal in such a situation.
“Everyone had hoped that the stock market would turn around in the New Year,” he said.
“The most concerned thing is that no one knows when the situation will calm down,” Azizul Islam lamented.
“The investors were not taking part in trading leading to low turnover, as the political violence,” said stock market expert professor Abu Ahmed.
“The investors are watching the situation carefully,” he said.
The warning lights on the dashboard of the two bourses since January 5 have been flashing red. The concern officials of the stocks are not yet sure when the light would turn green.
Although experts said that there is no absolute sign of imminent road crash, the stock market witnessed continuous fall due to lack of confidence among the investors in the past January.
In the past month (January), the main DSE index lost 300 points while the daily turnover dropped to Tk 2 billion.
On Monday, the DSE benchmark index, DSEX shed 36.52 points percent to close at 4618.43 on the day. Of the 309 issues traded, 93 gained, 180 declined and 36 remained unchanged.
Shares worth Tk 226.94 crore changed hands at the DSE on Monday against Tk 184.68 crore on Sunday.
The CSE key index, CSCX, lost 52.21 points to reach 8562.31 at the close on Monday. Of the 241 issues traded, 62 advanced, 147 declined and 32 remained unchanged.
The value of the traded issues was Tk18.78 crore at the CSE on the day.
The day’s top 10 losers at the DSE were Modern Dyeing & Screen Printing, Rahima Food, Shurwid Industries, Shahjibazar Power, National Feed Mill Limited, Pragati Life Insurance, Northern Jute Manufacturing, Eastern Lubricants, Nitol Insurance, and CVO Petrochemical Refinery.
The investors’ attention was mostly focused on textiles and power- the sectors that accounted for 18 per cent and 13 per cent respectively of the week’s total turnover value.
All the major sectors closed in red last week except food and allied sector, which gained 3.72 per cent due to price appreciation of its heavy height constituent BATBC. BATBC gained 10.27 per cent alone during the week.
NBFIs went down by 0.22 percent. Telecommunication posted heavy loss – 5.08 per cent and power went down by 2.47 per cent. Cement and pharmaceuticals retraced by 1.37 per cent and 0.40 per cent respectively. Banks closed lower with 0.87 per cent loss.
The losers took a lead over the gainers out of 316 issues traded, 236 advanced, 64 declined and 16 remained unchanged on the DSE trading floor.
The market capitalisation of the DSE went down by 1.35 per cent as it was Tk 3,221.14 billion on the opening day of the week and it stood at Tk 3,177.70 billion on closing day of the week.
Market analysts said it is ‘natural’ that the current situation of Bangladesh would affect the stock market. They expressed anxiety over the outcome of the situation.
Former chairman of Bangladesh Securities Exchange Commission (SEC), a market regulatory body, AB Mirza Azizul Islam said it was ‘foolish’ to think that the stock market would be normal in such a situation.
“Everyone had hoped that the stock market would turn around in the New Year,” he said.
“The most concerned thing is that no one knows when the situation will calm down,” Azizul Islam lamented.
“The investors were not taking part in trading leading to low turnover, as the political violence,” said stock market expert professor Abu Ahmed.
“The investors are watching the situation carefully,” he said.
