Economic Reporter :
Stocks slipped back into the red on Wednesday as cautious investors went on selling on sector-wise large-cap issues.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 28.97 points or 0.64 per cent to settle at 4,481.
Market analysts said risk-averse investors went on selling binge on selective large-cap issues like Grameenphone, BATBC, Renata and National Life Insurance amid ongoing earnings declarations.
Two other indices also ended lower. The DS30 index, comprising blue chips, lost 17.25 points to finish at 1,525 and the DSE Shariah Index shed 5.68 points to close at 1,028.
Turnover, a crucial indicator of the market, also fell and amounted to Tk 4.39 billion, which was 6.0 per cent lower than the previous day’s turnover of Tk 4.67 billion.
Losers took a strong lead over the gainers as out of 355 issues traded, 180 closed lower, 114 ended higher and 61 remained unchanged on the DSE trading floor.
Stocks slipped back into the red on Wednesday as cautious investors went on selling on sector-wise large-cap issues.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 28.97 points or 0.64 per cent to settle at 4,481.
Market analysts said risk-averse investors went on selling binge on selective large-cap issues like Grameenphone, BATBC, Renata and National Life Insurance amid ongoing earnings declarations.
Two other indices also ended lower. The DS30 index, comprising blue chips, lost 17.25 points to finish at 1,525 and the DSE Shariah Index shed 5.68 points to close at 1,028.
Turnover, a crucial indicator of the market, also fell and amounted to Tk 4.39 billion, which was 6.0 per cent lower than the previous day’s turnover of Tk 4.67 billion.
Losers took a strong lead over the gainers as out of 355 issues traded, 180 closed lower, 114 ended higher and 61 remained unchanged on the DSE trading floor.
