Fuel & power dominates trading
FE Report | Tuesday, 18 November 2014
Dhaka stocks Monday ended in red despite some mid-cap and large-cap companies registered favourable earnings in the latest quarter.
Experts, however, said the market remains in a 'sustainable' level and there is nothing to be worried.
"Market sometimes faces correction due to sensitivity observed among investors. It's a positive thing for the market," said Yawer Sayeed, the managing director of AIMS of Bangladesh.
He said investors must know as to how book profits without resorting to unrealistic returns.
Like Sunday, the benchmark index started its journey with a positive note from the very beginning and continued for 35 minutes of the Monday's session on Dhaka Stock Exchange (DSE).
At the end of the session, DSE broad index (DSEX) lost 0.93 per cent or 46.47 points to close at 4917.42 points.
DS30 also shed 1.22 per cent or 22.68 points to close at 1829.97 points, whereas DSE Shahriah Index (DSES) went down by 0.87 per cent or 10.19 points to close at 1156.57 points.
Among 304 traded issues, 68 advanced, 200 declined and the remaining 36 remained unchanged.
Telecom showed the highest rise of 9.5 per cent in turnover, whereas Banks declined by 30.8 per cent in turnover.
Fuel & Power had the highest contribution of 29.7 per cent in turnover value. Shahjibazar Power and Company topped the chart of turnover leaders with a value of Tk 547.58 million.
Among other turnover leaders, trade volume of Western Marine and Shipyard, Jamuna Oil, DESCO, Titas Gas, Pharma Aids and NAVANA CNG were Tk 463.34 million, Tk 435.44 million, Tk 164.03 million, Tk 150.73 million, Tk 150.52 million and Tk 149.85 million respectively.
IT, Service and Real Estate and Cement Sector declined by 3.5 per cent, 2.9 per cent and 2.4 per cent respectively.
JMI Syringe and Medical Devices topped the chart of top ten gainers with a rise of 9.95 per cent in its price.
On the other hand, Agni Systems was number one in the chart of top ten losers with a fall of 9.17 per cent.
The benchmark index on Chittagong Stock Exchange (CSE) shed 128.62 points to close at 15207.55 points.
Among 225 traded issues, 48 advanced, 152 declined and the remaining 25 remained unchanged.
The trade value on the port city bourse stood at Tk 447.02 million at the end of the Monday's session.
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