Economic Reporter :
Stocks closed lower on Sunday despite the heavyweight Grameenphone (GP) shares surged following the news to deposit Tk 10 billion to BTRC.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,698, shedding 34.24 points or 0.72 per cent over the previous day.
Market analysts said investors went on sell-offs on lower than expected dividend declaration by a number of companies on the day, taking the market in the red zone further.
Two other indices also ended in the red. The DS30 index, comprising blue chips, fell 1.04 points to close at 1,591 and the DSES (Shariah) index lost 3.81 points to settle at 1,085.
Turnover, an important indicator of the market, stood at Tk 6.68 billion on the country’s premier bourse, falling further by 13 per cent over previous day’s mark of Tk 7.70 billion. Losers took a strong lead over the gainers as out of 356 issues traded, 263 closed lower, 70 ended higher and 23 remained unchanged on the DSE trading floor.
A total number of 158,563 trades were executed in the day’s trading session with trading volume of 207.02 million shares and mutual fund units.
Stocks closed lower on Sunday despite the heavyweight Grameenphone (GP) shares surged following the news to deposit Tk 10 billion to BTRC.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,698, shedding 34.24 points or 0.72 per cent over the previous day.
Market analysts said investors went on sell-offs on lower than expected dividend declaration by a number of companies on the day, taking the market in the red zone further.
Two other indices also ended in the red. The DS30 index, comprising blue chips, fell 1.04 points to close at 1,591 and the DSES (Shariah) index lost 3.81 points to settle at 1,085.
Turnover, an important indicator of the market, stood at Tk 6.68 billion on the country’s premier bourse, falling further by 13 per cent over previous day’s mark of Tk 7.70 billion. Losers took a strong lead over the gainers as out of 356 issues traded, 263 closed lower, 70 ended higher and 23 remained unchanged on the DSE trading floor.
A total number of 158,563 trades were executed in the day’s trading session with trading volume of 207.02 million shares and mutual fund units.
