The benchmark general index of Dhaka Stock Exchange ended down for the ninth trading session on Tuesday despite effort from some state-owned organisations to
keep the market afloat, market operators said.
The DSEX on the day declined by 0.17 per cent, or 5.91 points, to finish at 3,438.89 points.
The key index of the bourse lost 133.79 points in the last nine trading sessions.
Market operators said investors were shaky due to tough political situation and the Savar tragedy.
Absence of big and institutional investors on the trading floor has made the market sluggish, they said.
The DSE’s old benchmark general, DGEN, finished flat at 3,618.48 points, gaining by 0.03 per cent or 1.13 points.
The DGEN declined by 84.54 points in the last nine trading sessions.
DS30, the blue-chip index of the bourse, ended flat at 1,282.59 points, advancing by 0.01 per cent or 0.17 points.
‘Another flat session passed by today, with DSEX slightly notching down by a meagre 5.91 points. Participation stayed flat as well, as daily turnover summed to Tk 136.43 crore,’ IDLC Investments said in its daily market commentary.
‘Alongside, investors apparently showed cautious reaction to the passing of demutualisation act,’ it said
‘Meanwhile, volatility kept up its soggy presence in the bourse, with some spikes in later part of the session. Today’s [Tuesday] session mirrored last session to some extent as resistance reappeared when DGEN approached 3,600 level,’ it also said.
The turnover of the bourse increased to Tk 136.43 crore on Tuesday from the previous session’s Tk 134.54 crore.
Of the 278 issues traded on the day, 134 advanced, 119 declined, and 25 remained unchanged.
RN Spinning Mills topped the turnover leaders with its shares worth Tk 9.95 crore changing hands.
Rahim Textile led the gainers’ list as its shares went up by 9.93 per cent on the day.
Premier Leasing and Finance was the worst loser of the day as its share price declined by 16.93 per cent.
-With New Age input
