Dhaka bourse on Monday witnessed moderate correction both in turnover and core index as investors booked profits from the stocks which saw price surge in previous sessions.
On the day, the DSEX, broad index of Dhaka Stock Exchange (DSE), displayed volatility as many investors booked profits while others took position on sector specific stocks.
The market opened the session positively and the DSE prime index gained 20 points within first 20 minutes.
Later, the DSEX witnessed see-saw movement and continued the falling trend till mid-session following price correction witnessed by major sectors such as banking, financial institutions, fuel & power and textile.
After midsession, DSEX displayed an upward trend riding on investors' increased participation observed in some sectors such as telecommunication and pharmaceuticals & chemicals.
At the end of the session, the DSEX settled at 4762.43 points with a loss of 0.67 per cent or 32.48 points.
According to a market review of International Leasing Securities, shaky investors preferred to book some profits from the stocks of some major sectors.
"Of the sectors from which booked profits, financial institutions, life insurance, general insurance, textile, bank and engineering sectors dragged down the index," said the market review of International Leasing Securities.
The shariah-based index DSES declined 0.29 per cent or 3.22 points to close at 1104.29 on Monday.
The DS30 index comprising blue chip securities went down by 0.31 per cent or 5.25 points to close at 1645.73.
International Leasing Securities said many opportunist investors took position in telecom, food and tannery sectors.
"Many investors also reshuffled their portfolios based on the latest quarterly earnings disclosures and to book dividend income," said the International Leasing Securities.
Of 354 issues traded, 89 advanced, 232 declined and 33 remained unchanged on Monday.
The turnover stood at above Tk 7.29 billion which was 22.24 per cent less than the turnover of previous session.
Of total turnover, Tk 309.66 million came from transactions executed in block board.
Of the major sectors which witnessed price correction, bank declined 0.9 per cent, engineering 0.8 per cent, financial institutions 3.4 per cent, fuel & power 0.2 and textile 1.2 per cent.
Of the sectors which witnessed price surge, telecommunication advanced 1.7 per cent, pharmaceuticals & chemicals 0.2 per cent, and mutual fund 0.3 per cent.
The pharmaceutical sector continued to dominate the turnover board. The sector contributed 21 per cent in market turnover while top ten traded stocks captured around 36 per cent of total turnover.
Of most traded stocks, Beximco featured a turnover of Tk 528 million followed by Beximco Pharmaceuticals Tk 410 million, Grameenphone Tk 225 million, Orion Pharma Tk 224 million and IFIC Bank Tk 207 million.
Express Insurance topped the gainers chart with a rise of 50 per cent to close at Tk 15 each.
The company made its debut trading on Monday at both the stock exchanges.
Familytex (BD) was the worst loser after declining 9.67 per cent to close at Tk 2.80 each.
CASPI, broad index of Chittagong Stock Exchange (CSE), witnessed a moderate loss on Monday.
At the end of the day's session, the CASPI settled at 13588.85 points with a loss of 0.55 per cent or 76.32 points.
Of 256 issues traded, 61 advanced, 161 declined and 34 were unchanged.
And the turnover stood at above Tk 301.92 million on the port city bourse CSE.
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