BSS, Dhaka :
Dhaka stocks extended the fall in share prices when its benchmark index fell to four-month low with trade value plummeting further on depressed trading.
The broad-based DSEX of Dhaka Stock Exchange (DSE) hit four-month low at 4467.93 to finish the day when the blue-chip DS30 index came down to 1622.58 and Shariah DSES slid below 1000-point mark to 996.71.
The daily trade volume fell to 9.45 crore shares and the value declined to Taka 377.60 crore from Monday’s 9.68 shares worth Taka 394.13 crore.
Number of gaining issues declined to 104 on the day when losers took the lead with 160 with 24 issues traded at their previous closing prices.
Analysts said the market was still suffering volatility as investors were switching quickly from one sector to anther to get the best out of the quarterly earning declaration.
Notably, non-banking financial institutions (NBFIs) took a major blow as two sector giants IDLC and Lanka Bangla suffered 9.44 percent and 4.93 percent loss respectively as both failed to keep track with investors expectation in their first quarter declarations.
On the other hand, non-life insurance managed to stay positive with impressive earning figures. During the session, debutant HWA Well Textiles attracted massive interest, capturing 8 percent of the day’s total turnover.
Meanwhile, DSE authorities transferred share trading of Wata Chemicals from the OTC market to the main trade frame, but no trade occurred in this session, due to absence of any seller.
