Home ›› 26 Apr 2022 ›› Stock
The Dhaka Stock Exchange (DSE) looked bearish yet again on Monday as the benchmark DSEX index closed in red and the volume of trade plunged.
The index slipped 0.24 per cent to close at 6,666, breaking a four-day rally. It was in the negative territory throughout the session, going down to a low of 6,635 in the mid-session before recovering some points.
In the previous four days, it gained more than 200 points backed by institutional buying support and buoyed by the regulatory efforts.
Its junior indices—the Shariah-based DSES index was marginally up almost 7 points or 0.47 per cent at 1,454 while the blue-chip DS30 index moved down 9 points or 0.38 per cent at 2,476.
Turnover stood at Tk 593 crore, sharply down over 33.8 per cent over the previous session’s Tk 895 crore. The engineering sector dominated the turnover chart covering 15.50% of total turnover.
Trading activity was led by the engineering sector, making up 15.5 per cent of the total turnover, followed by financial institution (11.5 per cent) and pharmaceuticals & chemicals (11.3 per cent) stocks.
Losers took a strong lead over the gainers as out of 378 issues traded, 113 closed up, 222 closed down and 43 remained unchanged.
The major sectors taking the index toward the south were textile, real estate, NBFI, life insurance, and pharmaceuticals.
The sectors taking the index towards the north were general insurance, engineering, bank and travel.
“Indices on the Dhaka bourse witnessed a minor correction today as investors opted for profit booking after the index has gained for four consecutive days owing to regulatory initiatives,” said EBL Securities in a note.
Gloomy macroeconomic outlook remains a concern despite the recent momentum and investors' sentiment remained shaky, it said.
Among scrips, IPDC topped the volumes with shares worth Tk 34 crore, followed by Beximco (Tk 28 crore), Orion Pharmaceuticals ( Tk 22 crore) and Bangladesh Shipping Corporation ( Tk 22 crore).
The port city bourse, CSE, also settled in red terrain. The selected indices (CSCX) and All Share Price Index (CASPI) have declined by 28.0 points and 46.7 points respectively.
