Both DSE, CSE indices lose on Thursday

Sun Online Desk

28th May, 2015 07:30:01 printer

Both DSE, CSE indices lose on Thursday

Key share price index at country's twin bourses —Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) — experienced a big fall on Thursday, the last trading day of the week though DSE turnover reached the year’s high.

The DSE benchmark index, DSEX slumped 71.41 points or nearly 1.55 percent to close at 4544.71 on the day. Of the 314 issues traded, 71 gained, 217 declined and 26 remained unchanged, reports UNB.

Shares worth Tk 858.81cr changed hands at the DSE on Thursday as against Tk 842.49cr on Wednesday.

Analyzing the market pulse, LankaBangla Securities said, "Equity benchmark fell further today, as market was under pressure in the presence of sellers with profit booking behavior outpaced cautious buyer throughout the trading session."

"After a weeklong rally in index market showed up some correction today, pushing the index down to below 4600 mark. Though, it created some scope for traders to pure some fresh fund and repositions their investment", they said.

The merchant bank also said, "Among the major equity market updates, in response to BSEC's urge to extend the time limit of reducing capital market exposure of bank, BB stated that government can decide on any extension of the 2016 deadline as it was set in the amended bank company act."

The day's top 10 losers at the DSE were Exim Bank 1st Mutual Fund, United Finance, Standard Ceramic, Sinobangla Industries, Kay & Que, Phoenix Finance & Investments, Dulamia Cotton, Sunlife Insurance, Libra Infusions, and Familytex.

Top 5 turnover leaders at the DSE were Khulna Power Company, Grameen Phone, RAK Ceramic, Summit Purbachal Power Company and Beximco.

The CSE key index, CASPI lost 202.96 points to reach 14075.95 at close on Thursday. Of the 240 issues traded, 41 advanced, 176 suffered loss and 23 remained unchanged.

The value of the traded issues was Tk 74.62 crore at the CSE on the day.