Stocks down as investors’ wait monetary policy announcement
Turnover on the Dhaka Stock Exchange (DSE) trading floor has dropped by 21 percent to Tk98.04 crore till 12:00pm
Country's two prime bourses have continued the losing streak during the first one-and-half-hour session today with low turnover, as investors took up a cautious stance over the central bank's monetary policy statement which is awaiting its announcement.
Consequently, turnover on the Dhaka Stock Exchange (DSE) trading floor has dropped by 21 percent to Tk98.04 crore till 12:00pm.
During this early session, DSEX, the prime index of the DSE, down by 11.70 points – or 0.28 percent - to reach at 4,067.
The Shariah-based DSES index lost 3.85 points to settle at 946, and the blue-chip index DS30 went down by 5.66 points to stand at 1,369.
Out of the 297 issues traded during the same time frame, 43 company's share prices advanced, 66 declined, and 188 remained unchanged.
Moreover, the benchmark index CASPI at the Chittagong Stock Exchange (CSE) plummeted 57 points to close at 11,546.
According to a brokerage firm's review, the market participants have decided to book some profit on stock holdings ahead of the announcement of the monetary policy statement by the central bank.
However, investors' attention was mostly focused on Pharmaceuticals & Chemicals, General Insurance and Bank sectors.
