DSE, CSE witness marginal correction

The market witnessed marginal correction Tuesday after two sessions' positive trend with turnover falling slightly as investors remained shaky amid no improvement in the political front.
The market opened with a positive note, but could not sustain as the session progressed. Eventually, DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down marginally by 7.49 points or 0.15 per cent to close at 4,801.14 points.
The two other indices also ended in the red. The DS30 index, comprising blue chips lost 4.58 points or 0.25 per cent to close at 1,793.07 points. The DSE Shariah Index (DSES) shed 3.08 points or 0.26 per cent to close at 1,140.18 points.
The total turnover stood at Tk 3.09 billion, registering a decline of 1.90 per cent over the over the previous session's value of Tk 3.15 billion.
The investors' attention was mostly focused on pharma, power and banks - the sectors that accounted for 17.3 per cent, 15.6 per cent and 11.7 per cent respectively of the day's total turnover.
"The market closed in marginally lower note amid the cautious stance from the investors," said International Leasing Securities in an analysis.
However, market turnover endured above Tk 3.0 billion-mark for the second consecutive session reflecting that, the investors are optimistic about the fourth coming year-end declaration and started to take position, said the International Leasing.
The port city bourse, Chittagong Stock Exchange (CSE) also ended slightly lower with its Selective Categories Index - CSCX - lost 15.01 points to close at 8,908.48 points.
Losers beat gainers 121 to 78, with 44 issues remaining unchanged at the port city bourse that traded 5.84 million shares and mutual fund units, turnover value of Tk 235.20 million.
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