Bourses broke two-day gaining streak on Monday as cautious investors sold shares to bag profit on quick gaining stocks.
Market operators said investors booked quick-profit on large-cap sectors - especially the bank and telecommunication issues – thereby taking the market into the red zone.
The market started with an upward trend with the key index of the prime bourse crossing the 6,100-mark in early trading, but failed to sustain the momentum as the session progressed – thereby finally ending more than 11 points lower.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went down by 11.66 points or 0.19 per cent to settle at 6,082 after registering the biggest single-day gain in 21 months in the previous session.
The two other indices also slipped into the red. The DS30 index and the DSE Shariah Index (DSES) closed at 2,244 and 1,405 points, after losing 11.78 points and 7.17 points respectively.
Turnover, however, rose 6.81 per cent to Tk 4.86 billion on the major bourse, up from the previous session’s Tk 4.55 billion.
Grameenphone (GP) topped the day’s turnover chart with shares worth Tk 231 million changing hands, followed by Square Pharmaceuticals, LankaBangla Finance, Brac Bank and Paramount Textile.
Bangladesh Submarine Cable Company Limited (BSCCL) was the day’s best performer, posting a gain of 7.15 per cent while Green Delta Insurance was the day’s worst loser, losing by 7.61 per cent after its 20 per cent cash dividend recommendation.
The port city bourse also ended lower with CSE All Share Price Index–CASPI—losing 32 points to settle at 18,792 and Selective Categories Index—CSCX–shedding nearly 20 points to finish at 11,344.
Losers beat gainers as 117 issues closed lower, 102 ended higher and 22 remained unchanged on the CSE.
The port city bourse traded 7.84 million shares and mutual fund units worth more than Tk 200 million in turnover.
