Home ›› 15 Feb 2022 ›› Stock
The Dhaka Stock Exchange gave up all earlier gains and closed in the red as investors opted for modest profit-booking ahead of the December-end declaration session.
The market got off to a positive start in the morning but failed to sustain the gains and succumbed to the pressure of profit-booking.
The benchmark DSEX index, despite remaining in the positive territory for the first hour of the day, dropped nearly 29 points or 0.40 per cent to 7,060, breaking its four-day winning streak when it accumulated 38 points.
Its junior partners the Shariah-based DSES index was also marginally down 3 points or 0.20 per cent to 1,519 and the blue-chip DS30 index shed 8 points or 0.30 per cent to 2,597.
Sectors that dragged the benchmark index lower included general insurance (-1.66 per cent), cement (-1.37 per cent), fuel & power (-1.10 per cent), engineering (-0.73 per cent), food & allied (-0.70 per cent), NBFI (-0.51 per cent, and telecommunication (-0.16 per cent).
Among the companies, British American Tobacco Bangladesh (BATBC-3.5 points), Lafarge Holcim Bangladesh Limited (-2.28 points), United Power Generation and Distribution Company (-1.92 points), Walton Hi-tech Industries (-1.87 points), and Titas Gas (-1.49 points) dented the index the most.
However, sectors that pulled the index up included tannery (+ 2.35 per cent), IT (+ 2.25 per cent), pharmaceutical (+0.06 per cent), and bank (+0.15 per cent).
Turnover decreased by 2.65 per cent to Tk 1,242 crore over the previous session backed by pharmaceutical that made up 13.46 per cent of the total turnover.
Fortune Shoes Limited (+4.9 per cent) was the most traded share with a turnover of Tk 77.7 crore, followed by Beximco Ltd, Orion Pharma, Bangladesh Shipping Corporation, National Life Insurance and IFIC Bank.
