DSEX, the key index of the Dhaka Stock Exchange fell by 24.4 points to stand at 6,380 points on Tuesday as investors continued to book profit on quick gaining stocks amid the rising number of Covid-19 cases in the country.
On the day, the market turnover increased by 2.37 per cent to settle at Tk 1,463 crore. On the sectoral front, general insurance dominated the turnover chart covering 12.60 per cent of the total amount.
Shaky investors liquidated their holdings from cement, food, financial institution, life insurance, engineering, and bank sectors which brought the index down. However, optimistic investors remained active on IT, general insurance and textile sector stocks.
Out of the 373 issues traded, 153 advanced, 194 declined, and 26 remained unchanged on the Dhaka bourse.
Besides, two selective indices, blue-chip index, DSE30 and shariah index, DSES also went down by 13.99 points and 1.98 points respectively.
International Leasing Securities in its daily market commentary said that indices remained in red zone as investors continued to book profit on quick gaining stocks amid the rising number of Covid-19 cases and deaths.
Investors remained worried over the adverse impact of the pandemic on the macro-economic indicators of the country, the commentary added.
Meanwhile, Bangladesh Bank’s warning to the commercial banks on diversion of stimulus funds to unproductive sectors such as the stock market prompted investors to go for liquidating their holdings, it also said.
EBL Securities in its daily market commentary said that many small capped issues topped the leaders’ board as some investors preferred these issues based on rumors. However, within the limited trading window, investors’ participation in the major sectors saw an increase on the day.
Saif Powertec (4.4pc), Baraka Patanga Power (3.5pc) and BEXIMCO (3.3pc) led the scrip-wise turnover board on DSE.
The top 10 losers were TAMIJTEX, BPPL, Fuwang Food, Popular Life, Active Fine, SP Ceramics, MIDASFIN, ARAMITCEM, National Life Insurance and HEIDELBCEM.
The port city bourse, Chittagong Stock Exchange (CSE), also ended in red terrain. The selected indices (CSCX) and All Share Price Index (CASPI) declined by 52.4 points and 83.9 points respectively.
At CSE, a total of 1,85,18,719 shares and mutual funds of 309 companies were traded, of which 114 issues advanced while 163 declined and 32 issues remained unchanged.
