Home ›› 13 Sep 2022 ›› Stock
Stocks shed for the second consecutive day yesterday as investors rushed to and fro intending on chasing the quick-gaining stocks after booking profits from the recent bullish trading sessions.
DSEX, the benchmark index on the Dhaka Stocks Exchange (DSE), dropped 9.9 points or 0.15 per cent to settle at 6,528.
The DS30, the blue-chip index, went down 16.67 points or 0.70 per cent to close at 2,356 and the DSES, the Shariah-based index, shed 2.68 points or 0.18 per cent to 1,432.
Turnover, another key indicator of the market stood at 1360.7 crore, down 19.57 per cent, compared to the tally of Tk1691.6 crore in the last trading session.
The miscellaneous sector dominated the turnover chart, capturing over 23.6 per cent of total turnover.
UCB Stock Brokerage in the market commentary said the Travel and Leisure, Paper and Printing, and IT sectors closed positive while the Services and Real Estate, Ceramics, and Pharmaceutical sectors faced corrections, said UCB Stock Brokerage in its daily market commentary.
EBL Securities, another stockbroker, daily market commentary, said investors rushed to and fro in chasing quick-gaining stocks after booking profits from partial liquidation of their current holdings, helping some large-cap stocks witness corrections.
The market observed a see-saw trend throughout the session as investors were active on both sides of the trading fence while sellers outnumbered buyers due to the profit-taking tendency by a segment of investors in attempt to reshuffle their portfolio, it said.
Moreover, investors’ lack of confidence was evident as they were unable to settle down for sector-specific stocks and instead sought quick gains, said EBL Securities.
Food and allied booked the highest gain of 0.22 per cent followed by engineering, bank, telecommunication, NBFI, fuel and power, and pharmaceutical, it said.
Block trades contributed to 0.6 per cent of the overall market turnover.
Beximco Limited was the most traded share with a turnover of Tk197 crore changing hands.
JMI Hospital Requisite Manufacturing was the day’s top gainer, soaring 9.96 per cent while Sonargaon Textiles was the worst sufferer, giving up 9 per cent.
Out of 386 issues and units traded, 124 advanced, 115 declined, and 147 did not see any price movement on the Dhaka bourse.
On the other hand, the port city’s bourse, the Chittagong Stock Exchange (CSE), also settled lower yesterday. The CASPI, the all share price index, declined 61.5 points.
Of the issues traded, 110 advanced, 81 declined, and 100 issues remained unchanged on the port city bourse.
