Dhaka stocks fall when prime index of port city bourse rises
The stock market in Bangladesh witnessed a mixed performance today as the Dhaka Stock Exchange (DSE) experienced a fall when the opposite happened in the case of the Chittagong Stock Exchange (CSE).
The DSEX, the broad index of the country's prime bourse, dropped by 1.47 points, or 0.03 percent from the previous day before closing at 5,169, indicating a falling trend for the third consecutive day.
The other two indices of the DSE saw an opposite trend as the DSES index for the Shariah-based stocks rose by 2.78 points, or 0.24 percent, to 1,158, while the DS30 for the blue-chip shares grew by 0.91 points, or 0.05 percent, to 1,923.
Of the issues that changed hands on the DSE trading floor, prices of 150 saw a hike, 159 closed lower and the remaining 86 did not witness any price fluctuations.
Turnover, which is a key indicator of the liquidity flow in the market, however, decreased 9.07 percent to Tk 276 crore compared to that of the previous day at the DSE.
Orion Infusion Ltd emerged as the most-traded share with a turnover of Tk 18.7 crore.
In its daily market update, Shanta Securities said the market movement was driven by negative changes in the market cap of financial institutions, travel and leisure, and paper and printing scrips amid positive changes in the market cap of food and allied, miscellaneous, and textile scrips today.
Most of the large-cap sectors posted negative performance today with the non-bank financial institution (NBFI) experiencing the highest loss of 0.92 percent.
NBFI was followed by fuel & power (0.87 percent), food & allied (0.19 percent), telecommunication (0.18 percent) and engineering (0.06 percent).
However, the pharmaceuticals sector logged a gain of 0.13 percent, and the banking sector recorded a 0.51 percent gain.
Investors drew interests mostly in the shares of the companies like Islami Bank Bangladesh, Renata, Eastern Bank, Khan Brothers PP Woven Industries, Taufika Foods and Lovello Ice-cream, Orion Infusion, Fortune Shoes, Heidelberg Materials Bangladesh, Pubali Bank and Olympic Industries, according to the daily market update by LankaBangla Financials.
Of the companies, Islami Bank was alone liable for 15.98 points.
However, Al-Arafah Islami Bank, National Bank, Beacon Pharmaceuticals, BAT Bangladesh, Power Grid Company of Bangladesh, Beximco Pharmaceuticals, Grameenphone, IFIC Bank, Shahjalal Islami Bank and Acme Laboratories suffered losses.
At the Chittagong Stock Exchange (CSE), the CSE All Share Price Index (CASPI), the premier index of the port city bourse, posted a gain as the index rose by 34.6 points, or 0.24 percent, to settle the day at 14,489.
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