Stocks ended lower on Sunday, with the core index of the Dhaka Stock Exchange (DSE) dipped below the ‘psychological’ threshold of 7,000-mark again.
The market opened on a positive note and the key index rose about 25 points as soon as the market opened. But, the rest of the session went down steadily amid profit booking tendency among investors.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 35.99 points or 0.51 per cent to settle at 6,991, after ending almost flat in the past three sessions.
Two other indices also ended lower. The DS30 index, comprising blue chips, fell 17.18 points to finish at 2,585 and the DSE Shariah Index shed 8.80 points to close at 1,491.
Turnover, the most important indicator of the market, stood at Tk 13.33 billion, which was 9.35 per cent higher than the previous day’s tally of Tk 12.19 billion.
Market analysts said the risk-averse investors opted for booking profit on sector-specific stocks which failed to meet the investors’ expectations in the latest quarterly earnings.
Some investors are also rebalancing their portfolios based on the latest quarterly earnings and dividend declarations, they said.
Of the 380 issues traded, 229 declined, 118 advanced and 33 issues remained unchanged on the DSE.
A total number of 221,556 trades were executed in the day’s trading session with a trading volume of 290.40 million securities.
The market capitalisation of the DSE dropped to Tk 5,605 billion on Sunday, down from Tk 5,629 billion in the previous session.
Beximco, which gained 0.46 per cent, was the most traded stock with shares worth Tk 1.05 billion changing hands, closely followed by Bangladesh Shipping Corporation (Tk 863 million), Power grid Company (Tk 481 million), Queen South Textile Mills (Tk 412 million) and Orion Pharma (Tk 383 million).
Bangladesh Building Systems was the day’s top gainer, posting a 10 per cent while Samorita Hospital was the worst loser, losing 9.95 per cent.
The Chittagong Stock Exchange (CSE) also edged lower with the CSE All Share Price Index – CASPI –losing 97 points to settle at 20,489 and the Selective Categories Index – CSCX—shedding 58.58 points to close at 12,308.
Of the issues traded, 178 declined, 91 advanced and 34 issues remained unchanged on the CSE.
The port-city bourse traded 18.24 million shares and mutual fund units with a turnover value of Tk 413 million.
