Economic Reporter :
Stocks extended the losing spell for the two consecutive sessions on Tuesday as risk-averse investors continued their profit booking sell-offs on major sector shares.
DSEX, the prime index of the Dhaka Stock Exchange, went down by 1.35 per cent or 64.93 points to settle at 4,720, after witnessing volatility throughout the session. DSEX eroded 139 points in the past two straight sessions after adding 326 points in the earlier three consecutive sessions.
Market analysts said the cautious investors continued to opt for booking profit on stocks which saw sharp gain in recent price upsurge.
The market faced correction as investors opted for profit booking, said a leading broker.
Two other indices also ended lower. The DS30 index, comprising blue chips, lost 9.08 points to finish at 1,608 and the DSE Shariah Index shed 15.63 points to close at 1,080.
Turnover, a crucial indicator of the market, stood at Tk 10.52 billion on the country’s premier bourse, falling by 25.28 per cent over previous day’s mark of Tk 14.08 billion.
The market turnover has been staying above Tk 10 billion-mark in the last seven consecutive sessions as a section of investors remained active on the market riding on new hopes.
Losers outnumbered the gainers, as out of 356 issues traded, 268 closed lower and 67 ended higher while 21 issues remained unchanged on the DSE floor.
A total number of 207,570 trades were executed in the day’s trading session with a trading volume of 411.40 million shares and mutual fund units.
The market-cap on the premier bourse also fell to Tk 3,557 billion on Tuesday, from Tk 3,595 billion in the previous session. Beximco topped the turnover chart with shares worth Tk 738 million changing hands, closely followed by Beximco Pharma, Orion Pharma, Khulna Power and Brac bank.
CAPM IBBL Islamic Mutual Fund was the day’s best performer, posting a gain of 10 per cent while Aramit Cement was the worst loser, losing 10 per cent.
The Chittagong Stock Exchange ended lower with its All Shares Price Index (CASPI)-losing 179 points to close at 13,491 and the Selective Categories Index – CSCX -falling 94 points to finish at 8,140.
Of the issues traded, 68 gained, 187 declined and 27 remained unchanged on the CSE.
The port city bourse traded 16.75 million shares and mutual fund units with turnover value of Tk 285 million.
