Dhaka stocks finished down for the eighth trading session on Monday as investors remained pessimistic amid tension on the political front and Savar building collapse tragedy.
DSEX, the benchmark general index of Dhaka Stock Exchange, declined by 0.28 per cent, or 9.72 points, to finish at 3,444.80 points on the day.The old benchmark general index of the bourse, DGEN, finished at 3,617.35 points, shedding 0.09 per cent or 3.54 points.
DSEX and DGEN lost 127.88 points and 84.54 points respectively in the last eight trading sessions.
Market operators said economy was passing through a tough time due to the prolonged political crisis and the recent tragedy at Savar.
Stock market investors are also suffering from lack of confidence on the market, they said.
Until the investors regain their confidence on the market, the market situation will not improve, they said.
They also said that the Bangladesh Securities and Exchange Commission should give investors policy support to restore stability in the capital market.
DS30, the blue-chip index of the DSE, declined by 0.43 per cent, or 5.60 points, to close at 1,282.41 points.
The turnover of the bourse increased to Tk 134.54 crore on Monday from the previous trading session’s Tk 112.34 crore.
‘Flatness returned in the bourse as strong resistance helped DGEN avert setting another bottom. With DGEN lurking near historical low, investors’ perceived prices lucrative after yesterday’s fall, and stepped in accordingly,’ IDLC Investments said in its daily market commentary.
Of the 276 issues traded on Monday, 139 advanced, 105 declined, and 32 remained unchanged.
RN Spinning Mills topped the turnover leaders with its shares worth Tk 7.98 crore changing hands.
Rahim Textile led the gainers’ list as its shares went up by 10 per cent, while BD Thai Aluminum was the worst loser of the day as its share price declined by 16.78 per cent.
-With New Age input
