Bleeding stocks now at 34-month low
The DSEX lost 52 points or 1.07 percent to close at 4,810 points – the lowest since December 1, 2016
Continuous bleeding in the stock market has pushed the major indices to collapse below all the recent lows. DSEX, the broad-based index at the Dhaka Stock Exchange (DSE) hit a 34-month low on Thursday.
The DSEX lost 52 points or 1.07 percent to close at 4,810 points – the lowest since December 1, 2016.
The benchmark index fell 2.58 percent over four trading days of the week with a 19 percent decrease in average daily turnover, compared to the previous week. Average daily trade volume at DSE came down to Tk319 crore.
Till date, the DSEX has lost 575 points this year, a 10.7 percent year-to-date fall.
Over the week, DS30, the blue-chip index at the premier bourse, lost 2.89 percent while the Shariah index DSES lost 2.2 percent.
At the Chittagong Stock Exchange, broad-based index CSCX lost 2.4 percent from the previous week and closed at 8,900 points.
Against weekly gains of 45 securities at the port-city bourse, 247 lost market capital, while the price of eight securities remained unchanged.
All major sectors closed negative this week. Fuel and power and telecom sectors lost 5 percent and 3.5 percent of the market capital, respectively.
Sectors like engineering, pharma, fuel and power, textile, general insurance, bank, miscellaneous, and ceramics held their positions as top contributors in turnover chart.
