Feb starts with panic selling

The capital market started again with enormous red on the 1st day of February, 2nd month of the year 2015. Panic selling continued as the investors are witnessing this fall continuing from last month due to political unrest.

The turnover decreased by 184 cores only as the institutional and big investors seem to be very inactive in this situation, they don’t find any interest to invest or predict to collect share with lower price. Market started with DSEX benchmark index 4724 mark and its high index till the market end with benchmark index 4654 mark. Today’s DSEX dropped by 69.09 points. DS30 and DSES also declined by 24.21 points and 16.24 points respectively. Market mainly fall when the capable earnings declared by couple of the FMCG and Pharmaceutical companies as bearish carriage unrelenting.

The major capital market news is the Bangladesh Securities and Exchange Commission (BSEC) is planning to set performance-based management fees for asset management companies (AMC) of mutual funds to improve performance.

Today, textile sector got the highest losing of -2.59% including Engineering -2.31%, IT -2.13% and NBFI -1.83%. LAFSURCEML topped the turnover list followed by AAMRATECH, CNATEX, GP, SQURPHARMA, SAIFPOWER, PHARMAID, CVOPRL, OLYAMPIC and ALLTEX. Today index mover share were TITASGAS by 1.06%, NTC, BANKASIA, LINDEBD and FIRSTBANK, where the index rebuff with GP by -7.54%, SPCL, OLYMPIC,ICB and MARICO. At DSE, 41 securities gained price and 247 securities declined while 20 securities remained unchanged.