Home ›› 23 Sep 2021 ›› Stock
Dhaka stocks fell marginally on Wednesday as the investors went for booking modest profits from the two-day surges.
The market began on a positive note in the morning and was in the positive territory most of the session but closed negative due to the last-minute profit-taking selling. The benchmark DSEX index fell slightly over 16 points or 0.23 per cent to close at 7,241, scaling back from the two-day rally.
Two other indices—Shariah-based DSES index moved down 4 points or 0.28 per cent to 1,582 while the blue-chip comprising DS30 index shed over 12 points or 0.47 per cent to 2,673.
The trading activities got momentum, however, due to the strong participation of the investors as the DSE turnover increased by 12.6 per cent to Tk 2,151 crore backed by the textile sector that accounted for almost 19 per cent of the total turnover.
“Participation in the market upsurged due to the profit-taking selling frenzy as the benchmark index of the Dhaka bourse is hovering around the highest point,” said EBL Securities in its daily market commentary.
Out of the 376 issues traded, 125 advanced, 209 declined, and 42 remained unchanged on the Dhaka bourse on the day. Most of the profit booking took place on general insurance, jute, cement and IT sectors while life insurance, engineering and mutual fund sectors closed positive.
The DSE market capitalisation reached Tk 5,76,159 crore, down 0.16 percent over the previous session.
CAPM IBBL Islamic Mutual Fund was the top gainer, followed by Active Fine and Pacific Denims while Desh Garment was the worst loser, losing 6.30 per cent.
Orion Pharma was the top traded stock, ousting Beximco Limited that dominated the trading floor for a long period. Maksons Spinning Mills Limited also attracted considerable turnover.
The port city bourse, Chittagong Stock Exchange (CSE), also ended in red. The selected indices (CSCX) and All Share Price Index (CASPI) declined by 52.2 points and 82.9 points respectively.
