Economic Reporter :
Stocks witnessed a sharp decline on Sunday as worried investors continued their sell-offs on selective large-cap issues.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 64.20 points or 1.44 per cent to settle at 4,388. DSEX lost 118 points or 2.62 per cent in the past four straight sessions.
Market operators said the investors are struggling with ongoing volatile market while gloomy macroeconomic outlook and bill passed over depositing surplus money of state agencies to the national exchequer exacerbated the situation.
A bill to bring the surplus money of 61 state-owned and autonomous agencies to the national exchequer was passed in parliament on Wednesday.
Two other indices also closed lower. The DS30 index, comprising blue chips, lost 21.40 points to finish at 1,492 and the DSE Shariah Index plunged 14.99 points to close at 1,012.
Turnover, a crucial indicator of the market, also fell and amounted to 15-sesion low to Tk 3.62 billion, which was 3.72 per cent lower than the previous day’s turnover of Tk 3.76 billion.
Losers took a strong lead over the gainers as out of 356 issues traded, 271 closed lower, 43 ended higher and 42 remained unchanged on the DSE trading floor.
A total number of 121,475 trades were executed in the day’s trading session with trading volume of 133 million shares and mutual fund units.
The market-cap of the DSE also fell to Tk 3,363 billion, from Tk 3,404 billion in the previous session.
Stocks witnessed a sharp decline on Sunday as worried investors continued their sell-offs on selective large-cap issues.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 64.20 points or 1.44 per cent to settle at 4,388. DSEX lost 118 points or 2.62 per cent in the past four straight sessions.
Market operators said the investors are struggling with ongoing volatile market while gloomy macroeconomic outlook and bill passed over depositing surplus money of state agencies to the national exchequer exacerbated the situation.
A bill to bring the surplus money of 61 state-owned and autonomous agencies to the national exchequer was passed in parliament on Wednesday.
Two other indices also closed lower. The DS30 index, comprising blue chips, lost 21.40 points to finish at 1,492 and the DSE Shariah Index plunged 14.99 points to close at 1,012.
Turnover, a crucial indicator of the market, also fell and amounted to 15-sesion low to Tk 3.62 billion, which was 3.72 per cent lower than the previous day’s turnover of Tk 3.76 billion.
Losers took a strong lead over the gainers as out of 356 issues traded, 271 closed lower, 43 ended higher and 42 remained unchanged on the DSE trading floor.
A total number of 121,475 trades were executed in the day’s trading session with trading volume of 133 million shares and mutual fund units.
The market-cap of the DSE also fell to Tk 3,363 billion, from Tk 3,404 billion in the previous session.
