Share prices of Ratanpur Steels Re-rolling Mills and Khulna Printing & Packaging are soaring without any price sensitive information (PSI).
In the last six trading days, share price of Ratanpur Steels jumped more than 35 per cent to close at Tk 65.50 on Tuesday. Its share price was Tk 48.40 each on June 18.
Share price of Khulna Printing soared more than 37 per cent to reach at Tk 12.50 on Tuesday. The "Z" category company's share price was Tk 9.10 each on June 18.
Following the recent abnormal price hike, the Dhaka Stock Exchange (DSE) served show-cause notice on these two companies.
However, both the companies informed the DSE on Tuesday that there is no undisclosed price sensitive information for recent unusual price hike of its shares.
Meanwhile, stocks fell for the second straight session on Tuesday amid volatility as investors kept on profit taking selling spree on large-cap stocks.
The market swung between positive and negative territory throughout the session, making intra-day volatility to reach 47 points.
Finally, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 22.51 points or 0.41 per cent to settle at 5,411 points.
Market insiders said short-term profit motive made investors impatient as the bourse continued moving sideways.
"Investors opted for liquidating a portion of their holdings to remain in safe zone, causing loss of 22 points further," said an analyst.
Two other indices also ended lower. The DS30 index, comprising blue chips, fell 11.36 points to finish at 1,965 and the DSE Shariah index lost 3.65 points to end at 1,259.
"Cautious stance among investors coupled with fear of further correction in stock prices forced the major bourse to extend its losing streak," commented International Leasing Securities.
The stockbroker noted that financial institution, telecom, food and bank sectors contributed to the fall in the indices.
Bearish sentiment also reflected on the trading activities as total turnover on the DSE fell to Tk 6.39 billion, which was 6.85 per cent lower than the previous day's Tk 6.86 billion.
According to EBL Securities, the market opened on positive note, but failed to sustain the morning vibe due to profit booking selling pressure.
The selling pressure spurred on major sectors including the financial institutions, telecom and banking sectors.
The financial institutions witnessed the highest correction, losing 1.65 per cent, followed by telecom with 1.45 per cent, food 0.88 per cent, banking 0.63 per cent, engineering 0.19 per cent and pharmaceuticals 0.11 per cent.
Only fuel & power witnessed positive return of 0.75 per cent.
The port city's bourse, CSE, also ended lower with its CSE All Share Price Index - CASPI- losing 142 points to settle at 16,627.
CSCX, the Selective Categories Index of the CSE, also lost 86 points to finish at 10,052.
The losers beat the gainers as 165 issues closed lower, 56 ended higher and 21 issues remained unchanged on the CSE.
The port city's bourse traded 20.46 million shares and mutual fund units worth more than Tk 757 million in turnover.
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