FE Report
Stocks on both the bourses Wednesday dipped for the fourth consecutive session and benchmark indices observed largest fall in this month amid nationwide blockade and strike in Dhaka division, stock brokers said.
Capital market experts said probably investors are unable to take investment decisions amid uncertainty of the ongoing situation.
"The declining trend observed in previous three consecutive sessions seemed to me normal. But Wednesday's fall of 73 points seems to me that external factors such as political situation created crisis in investors confidence," said Faruq Ahmad Siddiqi, the former chairman of the securities regulator.
He said due to uncertain political crisis all sectors are being affected more or less and the capital market is not different.
"The market may bounce back today (Thursday). But it's true that investors have become cautious due to ongoing situation," Mr. Siddiqi said.
On Dhaka Stock Exchange (DSE), the benchmark index DSEX shed 172.88 points in last four sessions.
On the day, the turnover value, however, increased a little bit following a sell pressure observed from hesitant investors.
On Tuesday DSE broad index DSEX shed 1.51 per cent or 73.73 points to close at 4783.21 points.
DSE Shariah Index lost 1.39 per cent or 16.00 points to close at 1134.35 points. DSE30 also went down by 1.51 per cent or 27.30 points to close 1774.77 points.
From the very beginning of the day's session, which started at 11.30 am, DSE benchmark index started to fall and continued till 1.20 pm and shed around 105 points. Later, the index showed an effort of reviving the fall and gained about 32 points and put the index at 4783.21 during the closing of the session.
Among 309 traded issues, only 20 advanced, 265 declined and remaining 24 remained unchanged.
At the end of the day's trading session, the turnover value stood at above Tk 2.81 billion which is 12.32 per cent up than the value observed in previous session.
C & A Textiles topped the chart of most traded stocks with a value of Tk 425.58 million followed by Lafarge Surma Cement Tk 186.28 million, National Feed Mill Tk 85.78 million, Grameenphone Tk 78.53 million, Envoy Textile Tk 73.16 million, BEXIMCO Tk 66.20 million, Western Marine Shipyard Tk 53.75 million, Agni Systems Tk 48.68 million and BRAC Bank Tk 42.67 million.
3rd ICB Mutual Fund topped the chart of 10 most gainers with a rise of 7.15 per cent in market price whereas National Feed Mill was the day's worst loser with a fall of 10.64 per cent in market price.
On Chittagong Stock Exchange (CSE), the benchmark index CASPI shed 210.42 points to close at 14664.89 points.
Among 240 traded issues, 26 advanced, 197 declined and remaining 17 remained unchanged.
mufazzal.fe@gmail.com
Stocks on both the bourses Wednesday dipped for the fourth consecutive session and benchmark indices observed largest fall in this month amid nationwide blockade and strike in Dhaka division, stock brokers said.
Capital market experts said probably investors are unable to take investment decisions amid uncertainty of the ongoing situation.
"The declining trend observed in previous three consecutive sessions seemed to me normal. But Wednesday's fall of 73 points seems to me that external factors such as political situation created crisis in investors confidence," said Faruq Ahmad Siddiqi, the former chairman of the securities regulator.
He said due to uncertain political crisis all sectors are being affected more or less and the capital market is not different.
"The market may bounce back today (Thursday). But it's true that investors have become cautious due to ongoing situation," Mr. Siddiqi said.
On Dhaka Stock Exchange (DSE), the benchmark index DSEX shed 172.88 points in last four sessions.
On the day, the turnover value, however, increased a little bit following a sell pressure observed from hesitant investors.
On Tuesday DSE broad index DSEX shed 1.51 per cent or 73.73 points to close at 4783.21 points.
DSE Shariah Index lost 1.39 per cent or 16.00 points to close at 1134.35 points. DSE30 also went down by 1.51 per cent or 27.30 points to close 1774.77 points.
From the very beginning of the day's session, which started at 11.30 am, DSE benchmark index started to fall and continued till 1.20 pm and shed around 105 points. Later, the index showed an effort of reviving the fall and gained about 32 points and put the index at 4783.21 during the closing of the session.
Among 309 traded issues, only 20 advanced, 265 declined and remaining 24 remained unchanged.
At the end of the day's trading session, the turnover value stood at above Tk 2.81 billion which is 12.32 per cent up than the value observed in previous session.
C & A Textiles topped the chart of most traded stocks with a value of Tk 425.58 million followed by Lafarge Surma Cement Tk 186.28 million, National Feed Mill Tk 85.78 million, Grameenphone Tk 78.53 million, Envoy Textile Tk 73.16 million, BEXIMCO Tk 66.20 million, Western Marine Shipyard Tk 53.75 million, Agni Systems Tk 48.68 million and BRAC Bank Tk 42.67 million.
3rd ICB Mutual Fund topped the chart of 10 most gainers with a rise of 7.15 per cent in market price whereas National Feed Mill was the day's worst loser with a fall of 10.64 per cent in market price.
On Chittagong Stock Exchange (CSE), the benchmark index CASPI shed 210.42 points to close at 14664.89 points.
Among 240 traded issues, 26 advanced, 197 declined and remaining 17 remained unchanged.
mufazzal.fe@gmail.com
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