Home ›› 08 Oct 2021 ›› Stock
Dhaka stocks edged lower on mild profit booking particularly on heavyweights on Thursday, snapping a two-day rally.
The trading kicked off on a positive note in the morning but witnessed a roller-coaster ride throughout the session.
The benchmark DSEX index lost 8 points or 0.10 per cent to settle at 7,342, scaling back from its all-time high in the previous session. The index made an intraday low of 28 points and a high of 78 points.
The Shariah-based DSES index declined 4 points or 0.27 per cent to 1,595. The blue-chip comprising the DS30 index fell 20 points or 0.73 per cent to 2,767.
Rally in the market bellwether telecommunication and banking sectors prevented the further from falling further.
Robi, the country’s second-largest mobile phone operator, came to the spotlight. It hit the almost upper limit circuit breaker at 9.95 per cent, ending its decline for the 10th straight session. The company was the second-biggest gainer of the day after the Indo-Bangla Pharmaceuticals.
After several weeks, the banking sector also shined surging more than 1.56 per cent driven by Rupali Bank that gained more than 6 per cent.
Other sectors such as energy, engineering, pharmaceutical, NBFI, general insurance, and jute closed in the positive trajectory while low-cap, cement, and services witnessed the most corrections.
Some of the heavyweights continued going through a correction. LafargeHolcim Bangladesh, ICB and Grameenphone fell on profit-booking.
Participation on the trading floor witnessed increased selling pressure due to portfolio restructuring strategy ahead of upcoming financial disclosures, said EBL Securities in its market analysis.
Megha Life Insurance was the worst loser slumping almost 18 per cent due to price adjustment after the record date. It was followed by HR Textile, Tamijuddin Textile, Al-Haj Textile Mills, Shinepukur Ceramics, Desh Garments, and LafargeHolcim.
LafargeHolcim was the most traded stock, followed by Orion Pharmaceuticals, Power Grid Company of Bangladesh, Paramount Textile Limited, Beximco Ltd and GPH Ispat.
The turnover slightly declined by 6.86 per cent to Tk 2,497 crore as against the previous session’s Tk 2,681 crore. Pharmaceuticals sectors made up 17.58 per cent, fuel & power 15.44 per cent, and engineering 12.18 per cent of the total turnover.
Out of the 373 issues traded, 218 advanced, 117 declined, and 38 remained unchanged.
However, the port city bourse, CSE, settled in the red trajectory. The selected indices (CSCX) and All Share Price Index (CASPI) declined by 42.8 points and 73.1 points respectively.
