FE ONLINE REPORT |
Dec. 23, 2021, 3:57 p.m.
Shares ended sharply lower on Thursday, following yesterday’s stable close, as nervous investors ditched their holdings to avoid another fall.
DSEX, the main index of the Dhaka Stock Exchange (DSE), fell 51.83 points or 0.76% to 6,702.
Two other indices also ended lower with the DSE 30 index, comprising blue chips, losing 24.45 points to end at 2,511 and the DSE Shariah Index (DSES) losing 10.25 points to close at 1,433.
Turnover, a crucial market indicator, remained weak at Tk 8.01 billion, 4.43 percent above the previous day’s tally of Tk 7.67 billion.
Market analysts said investors struggled with a lack of confidence amid concerns over omicron, as the worsening situation between regulators over some policy issues affected investor sentiment.
The losers took a solid lead over the winners, as out of 378 issues processed, 261 fell, 82 advanced and 35 remained unchanged on the DSE trading floor.
Fortune Shoes was the most traded share with shares valued at Tk 542 million, followed by Beximco, Beacon Pharma, Asia Insurance and ONE Bank.
Small-cap companies continued to dominate the winning list, with Dhaka Dyeing the biggest winner, gaining 9.94% while Khan Brothers PP Woven Bag Industries was the worst loser of the day, losing 8.39%.
The Chittagong Stock Exchange (CSE) also ended lower, with the CSE All Share Price Index – CASPI – losing 138 points to settle at 19,529 and the Selective Categories Index – CSCX – losing 83 points to close at 11. 734.
Of the issues traded, 177 fell, 89 advanced and 31 remained unchanged on the CSE.
The Port City Stock Exchange traded 12.60 million shares and mutual fund units with a turnover of Tk 489 million.