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Bangladesh’s bonds tumble for second true week

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Dhaka, Bangladesh (BBN)– Bangladesh’s bonds extended their losing strain for a second true week that finished on Thursday as investors sole financial shares, marketplace operators said.

Most of a investors adopted a ‘cautious’ position after a financial process matter (MPS) while some started to rebalance their portfolio after analysing a companies’ quarterly performance, they added.

Among a vital sectors, banking, non-bank financial institutions, word sectors suffered many while power, pharma, food and telecom sectors witnessed gain.

The week saw 5 trade days as usual. Of them, a marketplace finished reduce 3 days while dual sessions sealed higher.

Week-on-week, DSEX, a primary index of a Dhaka Stock Exchange (DSE), went down by 9.09 points or 0.16 per cent to settle a week during 5,812.

Two other indices, however, finished higher. The DS30 index, comprising blue chips, rose 18.13 points to finish during 2,026 and a DSE Shariah Index modernized 12.80 points to tighten during 1,323.

The sum turnover stood during BDT 41.19 billion final week opposite BDT 51.71 billion in a week before.

The daily turnover averaged BDT 8.23 billion, induction a decrease of 20.33 per cent over a prior week’s normal of BDT 10.34 billion.

Block trade contributed 1.50 per cent to a sum weekly turnover, where bonds like Square Pharmaceuticals, Grameenphone, Glaxo SmithKline, BRAC Bank and Navana CNG dominated a retard trade board.

The marketplace capitalisation of a DSE, however, rose 1.14 per cent to BDT 4,211 billion, from BDT 4,163 billion in a week before.

General word zone posted a tip detriment of 7.42 per cent, gnawing a new gain, followed by life word mislaid 4.79 per cent, non-bank financial word 2.04 per cent and banking 2.04 per cent.

On a other hand, energy zone posted a tip benefit of 3.06 per cent, followed by pharma with 2.73 per cent, food 2.14 per cent and telecom 2.12 per cent.

Losers outpaced gainers, as out of 349 issues traded, 208 sealed lower, 124 finished aloft and 17 issues remained unvaried on a DSE floor.

United Power dominated a turnover chart, with 7.88 million shares value BDT 3.16 billion changing hands. The energy era association accounted for 7.67 per cent of a week’s sum turnover.

The other turnover leaders were Bangladesh Submarine Cable Company (BDT 1.83 billion), Khulna Power (BDT 956 million), Grammeenphone (BDT 752 million), and Premier Bank (BDT 751 million).

Multinational companies (MNCs) achieved good final week as 4 out of tip 10 gainers were from multinational companies.

Berger Paints was a best performer, gaining 25.34 per cent, while Prime Insurance Company was a misfortune loser, losing 22.05 per cent.

The pier city bourse, Chittagong Stock Exchange (CSE), also finished lower, with a CSE All Share Price Index — CASPI – losing 109 points or 0.61 per cent to settle during 17781 and a Selective Categories Index — CSCX –shedding 59 points or 0.54 per cent to finish during 10,758.

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Article source: https://businessnews-bd.net/bangladeshs-stocks-fall-for-second-straight-week/

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