Written by The Banking Post
Dhaka stocks retreated today, erasing the previous session’s gains, as losses in heavyweight sectors weighed on the market. Turnover also dipped, reflecting subdued investor sentiment.
The DSEX, the benchmark index of the Dhaka Stock Exchange, fell 55.43 points, or 1 percent, to 5,468.35. The Shariah-based DSES lost 0.91 percent to 1,185.39, while the blue-chip DS30 slid 1.02 percent to 2,129.04, according to DSE data.
Turnover dropped to Tk 732.56 crore from Tk 778.32 crore in the earlier session. Block trades accounted for Tk 9.50 crore across several scrips.
“All large-cap sectors posted negative performance today, pushing the market into the red,” said BRAC EPL Stock Brokerage in a market update.
Non-bank financial institutions led the decline, losing 2.37 percent, followed by banks (1.26 percent), telecoms (1.19 percent), fuel and power (1.14 percent), engineering (0.59 percent), food and allied (0.53 percent), and pharmaceuticals (0.11 percent).
Market breadth was weak, with 67 gainers against 275 losers, while 56 issues remained unchanged.
S. Alam Cold Rolled Steels surged 9.68 percent to top the gainers’ list, while Peoples Leasing and Social Islami Bank dropped 9.26 percent, ending as the worst performers of the session.
