DSEX dips below 5,800-mark as investors continue profit booking on sector-wise issues

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Business Desk :
Stocks extended the losing streak on Monday, with the key index of the major bourse dipping below 5,800-mark, as cautious investors continued their profit booking on sector-wise issues.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 25.61 points or 0.44 per cent to settle at 5,789. DSEX lost roughly 46 points in the past two straight sessions.
Debutant Energypac Power Generation was locked in the upper limit circuit breaker at Tk 92.60 for the fifth day in a row, making it the top gainer as its share jumped 9.97 per cent further on Monday.
Energypac Power’s share soared 198.7 per cent or Tk 61.60 each in the past five straight days from its offer price of Tk 31 each since debut.
Market analysts said price fall on large-cap stocks contributed in the index fall.
Top negative index contributors of the market were Robi Axiata, Beximco Pharma, Grameenphone, LafargeHolcim and The City Bank, according to data from amarstock.com, a stock market data analyst, reports FE.
Two other indices also edged lower. The DSE 30 Index comprising blue chips fell 8.17 points to finish at 2,202 and the DSE Shariah Index (DSES) shed 0.41 point to close at 1,296.
Turnover, a crucial indicator of the market, rose to Tk 15.85 billion on the country’s premier bourse, rising further by 8.7 per cent over the previous day’s mark of Tk 14.58 billion.

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