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Scrips fall slightly amid mild volatility

Staff Correspondent
30 May 2023 00:00:00 | Update: 30 May 2023 10:08:59
Scrips fall slightly amid mild volatility

DSEX, the broad index of the Dhaka Stock Exchange (DSE), declined by 7.1 points and settled at 6,333 points, breaking a two-day gain streak due to the dominant profit booking pressure of cautious investors in the recently rallied scrips, creating mild volatility across the trading floor.

The premier bourse’s blue-chip index, DS30 declined by 0.05 per cent along with the Shariah-based index, DSES which fell by 0.10 per cent, closing at 2,198.61 and 1,369.71 points, respectively. Large-cap sectors posted mixed performances on Monday’s trading session.

Turnover decreased slightly to Tk 1,175 crore. The general insurance sector dominated the turnover charts, covering 13.62 per cent of the total turnover.

EBL Securities, in its daily market review said, “The market witnessed continuous buyer dominance as optimistic investors kept chasing for sector-specific issues with quick gain potential, but the indices failed to settle in green territory due to the heavy profit-booking sell pressure in particular sectors from the mid-session.”

Block trades contributed 22.1 per cent of the overall market turnover. Intraco Refueling Station Ltd was the most traded share with a turnover of Tk 36 crore, up by 3.9 per cent.

Out of the 392 issues traded, 72 advanced, 111 declined, and 209 remained unchanged at the prime bourse.

The port city bourse, the Chittagong Stock Exchange, also settled on red terrain. The selected indices (CSCX) and All Share Price Index (CASPI) inched down by 2.5 and 3.9 points, respectively.

Turnover, however, edged down by 36 per cent to Tk 14 crore from the previous day's Tk 19.40 crore.