Stocks fell yesterday extending their losses for the third consecutive session with benchmark index DSEX falling to over 10-month low.
The DSEX fell 10 points or 0.3% to close at 4,370—its lowest since May 17 last year when it was 4,315.
The Shariah index DSES inched 1 point down to 1,059.
The blue chip comprising index DS30 was down over 2 points to 1,655.
The Chittagong Stock Exchange Selective Category Index CSCX settled at 8,182, dropping 2 points.
Trading activities took a jolt as the DSE total turnover stood at Tk329 crore, sharply down more than 20% over the previous session’s value.
The market’s bellwether banking sector lost its solid ground declining nearly 1%, driven by Trust Bank that slumped 11.6% as investors reacted negatively to its corporate declaration.
Most other sectors, including pharmaceuticals, telecommunication, food and allied, and cement suffered losses.
On the other hand, power sector was the largest gainer, rising almost 1%, followed by non-banking financial institutions that rose 0.8%.
Engineering was the most favourite sector that accounted for 19.5% of the total turnover, led by BSRM Limited, which topped the day’s turnover chart.
Hype on Dragon Sweater and Spinning Limited subdued in its second trading day as it fell about 6% to Tk17.7 after rising Tk18.8 on its offer value of Tk10 a share in the previous day.
Lanka Bangla Securities said the market was unable to hold the modest early gain and finished mixed, but mostly lower, with pressure stemming from lack of market triggers, hefty sell-off on large cap and possible hit to the economy after the central bank’s foreign exchange reserves scam in Federal Reserve, USA.
After BSRM, other most traded stocks were Keya Cosmetics, Emerald Oil, AFC Agro, Square Pharmaceuticals and Dragon Sweater.
