Active buyers in the second half helped a recovery
A large group of investors was undecided about whether to buy or sell, which caused trading to go down at both the bourses
The stock markets started the session on Wednesday with a sale pressure following the previous day's trend, however, active buyers at the second half helped a recovery, and the major indices at both the stock exchanges ended the day with a moderate fall.
A large group of investors was undecided about whether to buy or sell, which caused trading to go down at both the bourses.
DSEX, the broad index at the Dhaka Stock Exchange (DSE), lost over 40 points at 12.30 pm and penetrated below the 4,920 level.
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But more buy orders from bargain hunters across a wide range of stocks and sectors at the second half of the session pushed the index up, and it closed the day at 4,951, a 0.14 percent decrease from Tuesday's closing.
DS30, the blue-chip index, lost 0.42 percent to close at 1,766. Large cap stocks like Grameenphone, BATBC and BRAC Bank contributed to the fall of the index for selective companies.
DSES, the index for Shariah compliant securities, finally managed to be in the green zone with a nominal gain of 0.03 percent.
At the end of the day, 147 scrips at the premier bourse gained price, while 141 fell in the red territory and 65 securities ended flat.
Trading volume reflected the watchful mood of investors as it decreased 21.5 percent from the previous session to come down to below Tk320 crore.
The Chittagong Stock Exchange (CSE) also recorded much lower trade over the session. The turnover came below Tk18 crore from Tk26.55 crore the previous day.
Indices in the CSE suffered a bigger fall compared to their counterparts at the DSE. CSCX, the broad index at the port city bourse, lost 0.4 percent to close at 9,122 points. Blue chip index CSE 30 has fallen by 0.47 percent.
Among major sectors, telecommunications, food and allied have lost 0.9 percent of market capital followed by banks, non-bank financial institutions, life insurance, and textiles.
On the flip side, the non-life insurance sector leads the gaining sectors with its market capitalisation increased by 1.6 percent. The engineering, energy, pharmaceuticals and cement sectors were also seen in the green zone on Wednesday.
