BSS, Dhaka :
The broader index of Dhaka Stock Exchange (DSE) ended lower on Tuesday, breaking five-day winning streak in which DSEX advanced by 60 points to consolidate over 4800 points level.
The major index hit 4860 level on post-Eid trading on Monday, but came down by 13.58 points to 4853.17 as the market saw a mild correction in some large-cap scrips in construction material, power and textile sectors.
“The early weakness was due to profit taking, with investors cashing in on the strong performance by the market in last few trading sessions”, said Lanka Bangla Securities Limited (SBSL).
Some market analysts also attributed the price fall to the lower expectation from the ensuing third quarter earnings reports.
“With earnings expectations remaining modest for the quarter, prices moved around a certain level triggering marginal volatility”, said IDLC Investment Limited.
The two selective indices – DS30 and DSES – also followed the broader indicator to finish the session down at 1854.02 and 1186.07 respectively.
The daily trade value, however, rose by 10.01 percent to Taka 434.89 crore when the trade volume was 26.48 percent up at 10.81 crore shares.
Out of the day’s 319 issues traded, 180 ended lower, with the 7th ICB, 3rd ICB, BD Autocars, Apex Foods and ISN Limited losing most.
Exim 1stMF, Far Chemical, Aramit, DBH and AIBL 1stMF were the top five among the session’s 96 advancing securities.
Among the major sectors bank, NBFI, mutual fund and miscellaneous advanced while food and allied, fuel and power, pharmaceuticals, textile and telecom were down.
FAR Chemical topped the turnover list followed by ACI, Square Pharmaceuticals, Islami Bank, Saif Power and BSRM Steel.
Chittagong Stock Exchange (CSE) was also down on Monday, with its major CSCX index closing 24.63 points down at 9046.33.
Out of the traded 247 issues, 88 ended higher and 122 lower when 77.43 lakh shares worth Taka 27.42 crore changed hands.
The broader index of Dhaka Stock Exchange (DSE) ended lower on Tuesday, breaking five-day winning streak in which DSEX advanced by 60 points to consolidate over 4800 points level.
The major index hit 4860 level on post-Eid trading on Monday, but came down by 13.58 points to 4853.17 as the market saw a mild correction in some large-cap scrips in construction material, power and textile sectors.
“The early weakness was due to profit taking, with investors cashing in on the strong performance by the market in last few trading sessions”, said Lanka Bangla Securities Limited (SBSL).
Some market analysts also attributed the price fall to the lower expectation from the ensuing third quarter earnings reports.
“With earnings expectations remaining modest for the quarter, prices moved around a certain level triggering marginal volatility”, said IDLC Investment Limited.
The two selective indices – DS30 and DSES – also followed the broader indicator to finish the session down at 1854.02 and 1186.07 respectively.
The daily trade value, however, rose by 10.01 percent to Taka 434.89 crore when the trade volume was 26.48 percent up at 10.81 crore shares.
Out of the day’s 319 issues traded, 180 ended lower, with the 7th ICB, 3rd ICB, BD Autocars, Apex Foods and ISN Limited losing most.
Exim 1stMF, Far Chemical, Aramit, DBH and AIBL 1stMF were the top five among the session’s 96 advancing securities.
Among the major sectors bank, NBFI, mutual fund and miscellaneous advanced while food and allied, fuel and power, pharmaceuticals, textile and telecom were down.
FAR Chemical topped the turnover list followed by ACI, Square Pharmaceuticals, Islami Bank, Saif Power and BSRM Steel.
Chittagong Stock Exchange (CSE) was also down on Monday, with its major CSCX index closing 24.63 points down at 9046.33.
Out of the traded 247 issues, 88 ended higher and 122 lower when 77.43 lakh shares worth Taka 27.42 crore changed hands.
