Dhaka shares possess prolonged their losing trail for a fourth consecutive session as merchants continue to offload shares, specifically in mountainous-cap shares.
Concerns over a tense financial atmosphere and ongoing political uncertainty are riding the downturn, per trade insiders.
On Tuesday (10 November), the benchmark DSEX index lowered by 0.15 parts, closing at 5,167, per recordsdata launched on the DSE web station.
The DSE Shariah Index elevated by 0.42 parts to 1,155, and the DS30 index lowered by 0.43 parts to 1,904.
Turnover on the DSE elevated by 37.27%, reaching Tk383 crore from Tk279 crore in comparison to the earlier session. Amongst the 405 shares traded, 185 gained, 147 declined, and 73 remained unchanged.
The indices opened positively and maintained an upward style for an expansion of of the session.
Alternatively, true about a minutes earlier than the market closed, the momentum grew to radically change detrimental, causing the indices to entire in the red.
Key shares contributing to the decline included Grameenphone, British American Tobacco Bangladesh Firm, Islami Financial institution Bangladesh, Robi Axiata, Square Prescription medicine, Metropolis Financial institution, Alif Industries, Nationwide Financial institution, and Jamuna Financial institution Ltd.
Saiham Textile Mills positioned in the tip gainer checklist followed by Saiham Cotton Mills, Takaful Islami Insurance, Paramount Insurance, Mozaffar Hossain Spinning Mills, and Crystal Insurance Firm Restricted.
Alif Industries positioned first on the checklist of high loser firms, followed by Emerald Oil Industries, Orion Infusion, Khan Brothers PP Woven Accumulate Industries, Taufika Meals and Lovello Ice Cream, Rupali Existence Insurance Firm, and Sinobangla Industries Ltd.
In its each day market commentary, EBL Securities illustrious that the high index of the Dhaka bourse ended on a flat existing following a transient-lived sure momentum till the mid-session as sellers regained control as a result of weakened energy of the market style.
The market saw blended reactions as the session started with an upbeat momentum as slit value hunters opted to take positions in the overwhelmed-down concerns, but likelihood-averse merchants’ subsequent cautious promoting manner amidst an unsure market momentum eroded the early session optimism, per the commentary.
On the sectoral front, the Textile sector recorded the ideal turnover 17.9%, followed by Pharma 16.2% and Financial institution 11.4% sectors.
Most sectors exhibited blended efficiency on the present time. The tip losers had been paper 0.9%, IT 0.8%, and Existence Insurance 0.7%, whereas the tip gainers had been Jute 3.0%, Frequent Insurance 2.1%, and Mutual Fund 0.9%.
The port metropolis bourse, CSE, furthermore ended the day in detrimental territory. The Chosen Indices (CSCX) declined by 16.1 parts, whereas the All Fragment Impress Index (CASPI) fell by 31.8 parts.
The turnover of the CSE stood at Tk6.97 crore end of the session on Tuesday.
