Economic Reporter :
Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Tuesday closed trading in red amid choppy trading as risk-averse investors continued their mad rush for profit.
DSE maintained bearish streak amid choppy trading as risk-averse investors preferred to book some quick gain following recent price upsurge.
The market started with optimism, but morning cheerfulness reversed within first hour of the session as shaky investors opted to liquidate their investment,especially in general insurance, food, bank, energy and power, telecomand pharma sectors.
The bargain hunters, however,tried to upturn the index, but active presence of wobbly investors pulled the broad index, DSEX down.
DSEX settled at 4928.86 points on Tuesday with a loss of 17.81points or 0.36 percent. Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went down by 6.76 points and 2.82 points to settle at 1678.48 points and 1109.95 points respectively.
On the DSE trading floor, a total number of 205,804 trades were executed in Tuesday’s trading session with a trading volume of 414.24million securities.
DSE’s turnover, a crucial indicator of the market, increased by 10.6 percent over last session as both the bargain hunters and shaky investors were active on the trading floor. The turnover stood at Taka10.67 billion from Taka 9.65 billion in the previous session.
Losers took lead over gainers as out of 355 issues traded, 115securities gained price while 187declined and 53 remained unchanged.
The market-cap of DSE increased to Taka 4,038 billion which was Taka 4,036 billion in the previous session.
The enthusiastic investors took positions on engineering and textile sectors, but the general insurance sector continued dominating the turnover board with 41 percent of total turnover while top loser lists were comprised of general insurance stocks, according to a market analyst, International Leasing Securities Limited (ILSL).
