Economic Reporter :
Stocks were caught up in the negative reaction to the Brexit referendum result, coupled with securities tumbling across the board on pre-Eid sell pressure at the country’s twin bourses.
Dhaka Stock Exchange (DSE), however, managed to finish the day mixed when the Chittagong Stock Exchange (DSE) witnessed a considerable fall in the major index.
Stock market finished the week on Thursday in upward trend, with all major indices of Dhaka and Chittagong stock exchanges closing marginally higher.
The trend could not sustain on Sunday when pre-Eid sell pressure mounted and the investors took more cautious stand, fearing long-term negative impact of Brexit on stock market.
DSEX closed the first session after Brexit result flat in red at 4380.22 when the two selective indices eased up marginally. The blue-chip DS30 and Shariah DSES finished the day flat in green at 1714.75 and 1080.16 respectively.
The general CASPI of Chittagong Stock Exchange (CSE) ended the day over 38 points lower at 13422.18.
The daily trade value at DSE fell by nearly 15.0 percent to Taka 265.75 crore when the trade volume declined by 19.11 percent to 8.63 crore shares. At CSE, the trade value fell to Taka 79.24 crore and the volume to 1.10 crore shares.
“All the major sectors were under pressure of increased market volatility, while the textile sector was at the sharp end of markets’ reaction to the UK’s Brexit vote”, said Lanka Bangla Securities Limited.
The textile sector lost 1.24 percent followed by cement by 0.55 percent and food and allied by 0.16 percent. Bank and pharmaceuticals ended marginally up.
Out of the 320 issues traded, only 81 finished up against 193 losing securities at DSE. At CSE, the number of advancing issues was 53 against 160 incurring loss across the board.
The five top gaining issues were Prime Life, Zeal Bangla, Meghna Life, Agni System and Sonar Bangla Insurance. The major losers included ISN Limited, Saver Ref. GHCL, Apex Spinning and Tosrifa.
OAL topped the turnover leaders followed by Acme Lab, Aman Feed, NFML and Reneta.
Stocks were caught up in the negative reaction to the Brexit referendum result, coupled with securities tumbling across the board on pre-Eid sell pressure at the country’s twin bourses.
Dhaka Stock Exchange (DSE), however, managed to finish the day mixed when the Chittagong Stock Exchange (DSE) witnessed a considerable fall in the major index.
Stock market finished the week on Thursday in upward trend, with all major indices of Dhaka and Chittagong stock exchanges closing marginally higher.
The trend could not sustain on Sunday when pre-Eid sell pressure mounted and the investors took more cautious stand, fearing long-term negative impact of Brexit on stock market.
DSEX closed the first session after Brexit result flat in red at 4380.22 when the two selective indices eased up marginally. The blue-chip DS30 and Shariah DSES finished the day flat in green at 1714.75 and 1080.16 respectively.
The general CASPI of Chittagong Stock Exchange (CSE) ended the day over 38 points lower at 13422.18.
The daily trade value at DSE fell by nearly 15.0 percent to Taka 265.75 crore when the trade volume declined by 19.11 percent to 8.63 crore shares. At CSE, the trade value fell to Taka 79.24 crore and the volume to 1.10 crore shares.
“All the major sectors were under pressure of increased market volatility, while the textile sector was at the sharp end of markets’ reaction to the UK’s Brexit vote”, said Lanka Bangla Securities Limited.
The textile sector lost 1.24 percent followed by cement by 0.55 percent and food and allied by 0.16 percent. Bank and pharmaceuticals ended marginally up.
Out of the 320 issues traded, only 81 finished up against 193 losing securities at DSE. At CSE, the number of advancing issues was 53 against 160 incurring loss across the board.
The five top gaining issues were Prime Life, Zeal Bangla, Meghna Life, Agni System and Sonar Bangla Insurance. The major losers included ISN Limited, Saver Ref. GHCL, Apex Spinning and Tosrifa.
OAL topped the turnover leaders followed by Acme Lab, Aman Feed, NFML and Reneta.
