Investors’ shaky confidence sent the key indices of the Dhaka Stock Exchange down yesterday despite good corporate disclosures.
The benchmark general index, DSEX declined 42 points or 0.82% to finish the first trading session of the week at 5,112 points.
The Shariah index DSES lost 11 points or 0.89% to end at 1,205 points. The comprising blue chips DS30 also went down by 17 points or 0.86% to close at 1,927 points.
Out of 303 traded issues, 82 advanced, 190 declined and 31 remained unchanged.
Since the injections of fresh fund was not observed, turnover at the premier bourse shrank to Tk530 crore, which was 7.5% lower than the previous session.
“Investors continued their cautious trading behavior as corporate earnings started to hit on the screen,” commented LankaBangla Securities in its market analysis.
The market turnover was not as much as vibrant like few weeks ago as investors are still eying on corporate earnings, the stock broker said.
In its regular market commentary, IDLC Investments said despite favorable corporate earnings disclosure, the fear of downturn sustained in the market.
“Investors’ shaky confidence assisted to lower market participation, shedding another 42 points,” the merchant banker said.
According to its analysis, since most of the earnings disclosure remained due, investors were indecisive on further fresh funds injection.
Among the large cap sectors, non-banking financial institutions posted the highest gain by 2.59%. while the telecommunications gained by 0.66%.
But the cement sector declined 3%, followed by fuel and power 0.7%, engineering 10%, banks 0.78%, power 0.38%, pharmaceuticals 0.10% and food and allied 0.18%.
Grameenphone, which posted a 0.8% gain, topped the turnover’s chart with Tk29.58 crore worth of liquidity.
Shahjibazar Power Company, up by nearly 10%, was the highest gainer of the session, while Beacon Pharma was the worst loser with stock price shedding by 8%.
