DHAKA: Stocks witnessed another downtrend session on Monday (June 17), extending the losing spell for second consecutive sessions in a row after placement of the national budget.

Market analysts said both the bourses of the country witnessed another downbeat session as investors adopted wait and see stance. 

Shares worth Tk 5,352.78 million changed hands at the DSE on the second trading session of this week.

The key index of DSE, DSEX, went down by 55.54 points or 1.02 percent to close the day at 5,375 points. 

The DSE Shariah Index saw loss of 11.41 points or 0.92 percent to close at 1223.99.

The DS30 index, comprising blue chips, also shed over 15.70 points or 0.82 percent to finish at 1889.

Of the issues traded, 77 gained, 235 declined and 41 remained unchanged.

“The market started with downturn and continued throughout the session without any halt amid lack of confidence arose by investors’ expectation due to imposition of 15% tax on excess reserve and also on stock dividend of listed company proposed by the national budget,” said EBL securities in its daily market analysis.

United Power Generation and Distribution Company Ltd dominated the DSE turnover chart with exchanging shares worth Tk 175.79 million followed by Monno Ceramic Industries Ltd and New Line Clothings Ltd. 

Top five gainers at DSE were EASTERNINS, REPUBLIC, PRIMEINSUR, NORTHRNINS and CENTRALINS while top five losers ate DSE were ONEBANKLTD, NBL, FASFIN, RNSPIN and ZAHINTEX

The CSE overall share index, CASPI also declined 135.61 points or 0.81 percent to reach 16488.82 points at the close today.

Of the 270 issues traded, 69 advanced, 180 suffered loss and 21 remained unchanged.

The value of the traded issues was Tk 339.44 million.

BDST: 1844 HRS, JUNE 17, 2019
RS