Turnover dips to Tk 3.53 billion

All indices and turnover value Sunday declined sharply on the premier bourse amid selling pressure observed by major sectors of the listed securities, market insiders said.
From the very beginning of day's trading session, which started at 10.30 am, the benchmark index--DSEX-- was declining and shed 28 points at around 10.46 am.
Later, the DSEX showed an effort of reviving the loss and gained 17 points at 11.32 am. But the benchmark index failed to sustain and declined continuously till 1.35 pm.
At the end of the day's trading session, the benchmark index lost 1.36 per cent or 61.76 points to close at 4453.36 points.
DSE Shahriah Index shed 1.06 per cent or 11.73 points to close at 1087.49 points, whereas the DSE30 also went down by 1.36 per cent or 23.81 points to close at 1720.49 points.
"Selling pressure was observed mainly in the stocks of banks, fuel & power and pharma sectors. Investors continued to remain in the sideline until getting any market direction," said a market commentary of the LankaBangla Securities.
Among 312 issues traded, 66 advanced, 218 declined and remaining 28 remained unchanged at the end of the session.
Md. Moniruzzaman, managing director of the IDLC Investments, said the capital market recently observed significant rise both in indices and turnover values following the budgetary supports.
"Possibly, now the investors are cashing profits and consequently the market is observing corrections," Mr. Moniruzzaman said.
The Grameenphone topped the chart of the day's turnover leaders with a value of Tk 221.78 million followed by United Airways, BEXIMCO, Khulna Power Company Limited (KPCL), Square Pharma, Summit Power, Lafarge Surma Cement and Familytex (BD).
Among the major sectors, the Telecommunication gained 0.48 per cent, whereas the Banks, Fuel & Power, Cement, Pharma and Textile lost by 1.12 per cent, 0.97 per cent, 2.23 per cent, 1.74 per cent and 0.81 per cent respectively.
Dacca Dyeing and Manufacturing Company was the day's number one gainer with a rise of 9.75 per cent or Tk 1.20 to close at Tk 13.50.
On the other hand, Asia Insurance was the day's worst loser with a fall of 14.14 per cent or Tk 2.8o to close at Tk 17. The other losers were First Bangladesh Fixed Income Fund, ICB Employees Provident MF 1: Scheme 1, United Airways, Shahjibazar Power Company Limited and Aftab Autos.
At the end of the trading session, the turnover value stood at Tk 3.53 billion, which is 21.66 per cent less than the value observed on Thursday last.
Activities in trades were also decreased by 14.22 per cent on the premier bourse.
On the Chittagong Stock Exchange (CSE), the benchmark index--CASPI--went down by 224.42 points to close at 13680 points.
Among 237 issues traded, 37 advanced, 182 declined and the remaining 18 remained unchanged on the port city bourse.
At the end of the day's session, the turnover value stood at Tk 376.12 million on the CSE.
Hakkani Pulp Sunday informed that the company's Board of Directors has approved the sanction of loan for Tk. 422.50 million only from Social Islami Bank Limited, Agrabad Branch to implement the BMRE and Tissue project to produce Glossy, Offset and quality Tissue paper.
The company said that its production capacity will increase about 60 ton per day.
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