Dhaka stocks declined for the second trading session on Thursday, the last trading session of the week, as the uncertain political situation and violence surrounding the next polls dejected investors. The benchmark general index of Dhaka Stock Exchange, DSEX, declined to 4,277.39 points, shedding 0.39 per cent or 16.83 points. DS30, the blue-chip index of the DSE, declined by 0.61 per cent, or 9.32 points, to close at 1,497.92 points on Thursday.
The turnveor of the bourse declined to Tk 463.70 crore which was Tk 463.70 crore in the previous trading session.
Of the 284 shares and mutual funds traded on the day, 125 advanced, 127 declined and 32 remained unchanged.
Most of the banks’ share prices increased on the day. Out of the traded 30 banks, 19 advanced, 6 declined and 5 remained unchanged.
Each and every change in the political front affected the capital market significantly as investors were taking their investment move considering the political developments, they said.
Unlike the last trading session, the market fell on Thursday despite repeated attempt of some state-owned entities to keep the market afloat due to wave of sales order of investors as they found no improvement in the political front, they said.
A political consensus among the political parties to hold the next general election might boost investors’ confidence on the market as they were concerned that if the political stagnancy and violence prolong, that would obviously impact negatively on the business, they said.
‘The final session of the week closed flat amid declaration of another 72 hours blockade in the coming week,’ IDLC Investments said in its daily market commentary.
‘As the developments were in line with opaque political outlook, investors did not call for any revision in current market valuation,’ it said.
‘However, confusion spurred volatility, which pushed micro cap to positive territory among all the cap classes,’ IDLC said.
Delta Life Insurance led the turnover chart as its shares worth Tk 33.46 crore changed hands.
Paramount Textile, Generation Next Fashions, Argon Denims, Jamuna Oil, RN Spinning, Tallu Spinning, Bangladesh Building System, Eastern Housing and Bengal Windsor Thermoplastics were among other turnover leaders.
Pharma Aids gained the most on the day as its share prices increased by 9.94 per cent, while Jamuna Oil lost the most shedding 10.62 per cent.
-With New Age input
