Dhaka stocks declined for the second trading session on Sunday, the first trading session of the week, with reduced turnover as increasing number of violence continued to deject investors. The turnover of Dhaka Stock Exchange declined to Tk 497.60 crore which was Tk 563.65 crore in the previous trading session. DSEX, the benchmark general index of the bourse, declined to 4,280.72 points, shedding 0.43 per cent or 18.86 points.
The blue-chip index of the DSE, DS30, fell by 0.32 per cent, or 4.89 points, to close at 1,485.45 points on Sunday.
Market operators said that as the election came closer with rising political violence and clashes, panicked investors started to sell off their shares.
‘A depressed session passed by today [Sunday], pushing down the index below 4,300 points level,’ IDLC Investments said in its daily market commentary.
‘In absence of positive expectations, investors were downbeat and less active throughout the day,’ it said.
‘Meanwhile, there was no sign of recovery in banking sector, as evident from recent BB statistics, combined with dampened investment outlook positioned Bank (-1.25%) as the worst loser,’ it also said.
Of the 288 shares and mutual funds that changed hands on the day, 115 advanced, 131 declined and 42 remained unchanged.
Decline in large capitalised company shares was another reason behind the decline as of the 30 traded banks, 3 advanced, 22 declined and 5 remained unchanged.
Golden Son led the turnover chart as its shares worth Tk 21.66 crore changed hands.
Envoy Textiles, Delta Life Insurance, Paramount Textile, CVO Petrochemical Refinery, Generation Next Fashions, Bengal Windsor Thermoplastics, Delta Spinners, Argon Denims and Golden Harvest Agro Industries were among other turnover leaders.
Small capitalised companies continued to dominate the trading floor as all the top ten gainer companies with small capitalisation gained around 10 per cent on Sunday.
-With New Age input
