The Dhaka Stock Exchange (DSE) saw a decline for the second day in sequence today, and a technical issue caused a 1.5-hour delay in the start of trade. The Dhaka Stock Exchange announced on its website that it was unable to begin trading at its usual hour of 10 am owing to a technical issue.
The stock exchange then told investors in an added notice that trading will start at 11:30 am today and run until 2.50 pm, with the 10-minute post-closing adjustment ending at 3 pm. With a 10-minute post-closing adjustment, trading at the Dhaka and Chattogram stock markets typically lasts from 10 am until 2:30 pm.
A technical issue occurred at the start of the trading day on March 10 of last year on the Dhaka bourse website. Today, the DSEX, the benchmark index of Bangladesh’s major stock exchange, closed at 5,165, down 34.45 points, or 0.66 percent, from the day before.
Similar trends were seen by the other two DSE indexes: the DS30 index for blue-chip stocks fell 11.35 points, or 0.59 percent, to 1,919, while the DSES index for Shariah-based equities edged lower by 6.98 points, or 0.60 percent, to 1,148. The price of 270 of the issues that were traded on the DSE trading floor finished lower, 73 witnessed price increases, and the remaining 54 saw no change at all.
In comparison to the previous trading session, turnover, which measures the total value of share prices, dropped by 0.63 percent to Tk 312 crore. With 22.03 percent of the total transaction, the food and related industries led market activity. Following the exchange of shares valued at Tk 24.8 crore, Fine Foods Limited became the most traded stock.According to UCB Stock Brokerage’s daily market report, the top three sectors that concluded in negative territory were jute, services, real estate, and non-bank financial institutions. The two sectors that closed on a positive note were travel, leisure, and miscellaneous.
According to BRAC EPL Stock Brokerage’s daily market update, today’s performance was negative across all large-cap sectors. The largest loss was 1.89 percent for the NBFI sector, followed by 0.68 percent for pharmaceuticals, 0.65 percent for engineering, 0.61 percent for food and related industries, 0.52 percent for fuel and electricity, 0.22 percent for banks, and 0.04 percent for telecommunications.
Source: The Daily Star
