FE Report
Stocks closed into modestly negative territory Sunday on the bourses with turnover dipped to 50-session low as investors still refrained from fresh investments amid prevailing uncertainty in the political front.
Meanwhile, the market price-earnings (PE) ratio of the DSE Sunday hit eight-year low of 10.60 as the stocks continued to lose value, meaning less risk and more attractive for investment.
Analysts said investors suffered lack of confidence and refrained from trading activities which reflected in low turnover value.
The General Index of the Dhaka Stock Exchange (DGEN) ended at 3,650.67 points, losing 6.36 points or 0.17 per cent.
The DSEX went down by 14.58 points or 0.41 per cent to close at 3,493.27. The DS30 also lost 10.25 points or 0.78 per cent to close at 1,300.70.
The total turnover on DSE came down to Tk 1.14 billion, which is 21.38 per cent lower than previous session's value. It was also two and a half month lowest turnover since January 21, this year when it was recorded Tk 1.01 billion.
"Pessimism dominated market sentiment, as uncertainty in national politics prevails," commented IDLC Investments.
New listings continued dominating turnover with Orion Pharma, Premier Cement and Global Heavy Chemical capturing 16 per cent of total turnover while Mutual Funds were the center of activities in terms of volume.
"Political anxiety is creating some kind of inactivity among the investors. If things go like this, another new bottom won't be surprising at all," observed Zenith Investments.
"Continuously drying up turnover has weakened market liquidity and consequently market has lost its zeal. Now market P/E is standing at almost 8-year low. More fresh political problems are on the way, which may further stretch the ongoing downtrend," the Zenith's analysis said.
"With almost no fresh fund injection, no significant stimulus and above all ongoing political crisis, market became more sluggish as market liquidity showed no improvement," the Zenith's analysis added.
"Continuous decline has exhausted investors. Dearth of turnover in the market is reflecting that scenario," stated LankaBangla Securities.
Of the 265 issues traded at the DSE, 174 advanced, 73 declined and 18 remained unchanged.
Except for mutual funds, all the sectors showed mixed performances. Banking sector continued its down trend with 0.83 per cent decline followed by telecommunications 0.20 per cent.
NBFIs advanced 0.77 per cent followed by pharmaceuticals 0.64 per cent and fuel and power 0.21 per cent.
Mutual funds dominated the top ten gainer chart with ten issues coming from the sector which marked a gain of 3.79 per cent.
A total of 0.044 million shares and mutual fund units were trading volume were 40.16 million. The total market capitalisation of the DSE stood at Tk 2,182.60 billion against Tk 2, 83.13 billion in the previous session.
Orion Pharma was the most traded stocks on the day with shares worth Tk 75.43 million changing hands.
Trust Bank First Mutual Fund was the day's highest gainer posting a rise of 10 per cent while Pubali Bank was the day's worst loser, losing 9.77 per cent.
The Chittagong Stock Exchange (CSE) also ended marginally lower with the Selective Categories Index lost 36.44 points to close at 6,880.88 points.
Gainers beat losers 100 to 62 with 17 issues remaining unchanged on the port city bourse that traded 5.72 million shares and mutual fund units on a value of Tk 161.28 million.
Stocks closed into modestly negative territory Sunday on the bourses with turnover dipped to 50-session low as investors still refrained from fresh investments amid prevailing uncertainty in the political front.
Meanwhile, the market price-earnings (PE) ratio of the DSE Sunday hit eight-year low of 10.60 as the stocks continued to lose value, meaning less risk and more attractive for investment.
Analysts said investors suffered lack of confidence and refrained from trading activities which reflected in low turnover value.
The General Index of the Dhaka Stock Exchange (DGEN) ended at 3,650.67 points, losing 6.36 points or 0.17 per cent.
The DSEX went down by 14.58 points or 0.41 per cent to close at 3,493.27. The DS30 also lost 10.25 points or 0.78 per cent to close at 1,300.70.
The total turnover on DSE came down to Tk 1.14 billion, which is 21.38 per cent lower than previous session's value. It was also two and a half month lowest turnover since January 21, this year when it was recorded Tk 1.01 billion.
"Pessimism dominated market sentiment, as uncertainty in national politics prevails," commented IDLC Investments.
New listings continued dominating turnover with Orion Pharma, Premier Cement and Global Heavy Chemical capturing 16 per cent of total turnover while Mutual Funds were the center of activities in terms of volume.
"Political anxiety is creating some kind of inactivity among the investors. If things go like this, another new bottom won't be surprising at all," observed Zenith Investments.
"Continuously drying up turnover has weakened market liquidity and consequently market has lost its zeal. Now market P/E is standing at almost 8-year low. More fresh political problems are on the way, which may further stretch the ongoing downtrend," the Zenith's analysis said.
"With almost no fresh fund injection, no significant stimulus and above all ongoing political crisis, market became more sluggish as market liquidity showed no improvement," the Zenith's analysis added.
"Continuous decline has exhausted investors. Dearth of turnover in the market is reflecting that scenario," stated LankaBangla Securities.
Of the 265 issues traded at the DSE, 174 advanced, 73 declined and 18 remained unchanged.
Except for mutual funds, all the sectors showed mixed performances. Banking sector continued its down trend with 0.83 per cent decline followed by telecommunications 0.20 per cent.
NBFIs advanced 0.77 per cent followed by pharmaceuticals 0.64 per cent and fuel and power 0.21 per cent.
Mutual funds dominated the top ten gainer chart with ten issues coming from the sector which marked a gain of 3.79 per cent.
A total of 0.044 million shares and mutual fund units were trading volume were 40.16 million. The total market capitalisation of the DSE stood at Tk 2,182.60 billion against Tk 2, 83.13 billion in the previous session.
Orion Pharma was the most traded stocks on the day with shares worth Tk 75.43 million changing hands.
Trust Bank First Mutual Fund was the day's highest gainer posting a rise of 10 per cent while Pubali Bank was the day's worst loser, losing 9.77 per cent.
The Chittagong Stock Exchange (CSE) also ended marginally lower with the Selective Categories Index lost 36.44 points to close at 6,880.88 points.
Gainers beat losers 100 to 62 with 17 issues remaining unchanged on the port city bourse that traded 5.72 million shares and mutual fund units on a value of Tk 161.28 million.
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