Dhaka bourse Sunday witnessed moderate loss in key index as investors were in selling mood to book profit from major sectors.
On the day, most of the major sectors witnessed correction amid investors' low participation on Dhaka Stock Exchange (DSE) trading.
The major sectors which witnessed correction are bank, financial institutions, fuel & power, pharmaceuticals & chemicals and textile.
The market started the session on a negative mood and the declining trend continued till closure in absence of strong recovery stance.
At the end of the session, the DSE broad index, DSEX closed at 6268.42 with a loss of 0.54 per cent or 34.42 points.
According to market review of International Leasing Securities, the prime index of the premier bourse observed price correction amid low participation of the investors.
"The risk-averse investors started their selling spree from the beginning of the trading session and continued till the end," said the International Leasing Securities.
On Sunday, the shariah-based index, DSES went down by 0.33 per cent or 4.73 points to close at 1402.87, while the blue chip index, DS30 closed at 2283.21 with a loss of 0.52 per cent or 12 points.
Of total number of issues traded, 96 advanced, 189 declined and 50 remained unchanged on the premier bourse DSE.
The turnover stood at above Tk 4.85 billion which was 6.49 per cent less against the turnover of the previous session.
"Shaky investors booked profits on bank, financial institution, fuel & power and textile sector stocks which led the index to fall below 6300 points mark. However, miscellaneous, IT and engineering sectors attracted the investors' attention in the session," said the International Leasing Securities.
Among the major sectors which witnessed correction, bank declined 1.2 per cent, financial institutions 0.6 per cent, fuel & power 0.6 per cent, pharmaceuticals & chemicals 0.3 per cent and textile 0.5 per cent.
Of the gaining sectors, engineering advanced 0.5 per cent, telecommunication 0.1 per cent, and food & allied 0.1 per cent.
Banking sector issues grabbed 18.7 per cent of the market turnover followed by engineering 18.6 per cent, fuel & power 12.6 per cent and textile 12.4 per cent.
United Power Generation and Distribution Company topped the turnover chart with a value of Tk 401 million followed by IFAD Autos Tk 189 million, National Tubes Tk 185 million, City Bank Tk 167 million and Lafarge Surma Cement Tk 143 million.
Meghna Pet Industries was the number one gainer with a rise of 7.92 per cent to close at Tk 21.80, while Shyampur Sugar Mills was the worst loser after declining 5.0 per cent to close at Tk 57.80.
On Sunday, all indices also declined on the Chittagong Stock Exchange (CSE).
The benchmark index CASPI 19393 points with a loss of 101 points.
Of 237 issues traded, 73 advanced, 138 declined and 26 remained unchanged.
At the end of the session, the turnover stood at above Tk 242 million on CSE, the second bourse of the country.
© 2024 - All Rights with The Financial Express
