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DSE closes marginally lower

Biggies prevent mkt from a big fall


FE Report | November 24, 2021 00:00:00


Dhaka bourse closed the Tuesday's session marginally lower after a moderate loss of previous session and extended the losing streak for third consecutive session.

The market opened the day's session negatively and soon later the DSEX bounced back gaining 60 points before mid session.

After the mid session, the core index failed to sustain and gradually lost points without any strong recovery stance.

Finally, the DSEX settled at 7013 with a loss of 0.13 per cent or 9.28 points.

The DSEX managed to escape large fall mainly riding on price appreciation witnessed by some large companies including Saif Powertech, One Bank and Beximco Pharmaceuticals.

These three companies had positive contribution ranging between 1.5 per cent and 6.3 per cent in broad index.

Like previous session, the majority number of listed banks lost prices following investors' selling pressure.

"Broad index declined marginally as shaky investors continued their selling binge in the sector specific stocks during the last couple of hours," said a market review of International Leasing Securities.

On Tuesday, the Shariah based index DSES declined 0.16 per cent or 2.39 points to close at 1468.58.

DS30 index comprising blue chip securities closed at 2660.85 with a loss of 0.23 per cent or 6.13 points.

According to EBL Securities, equity indices entered negative territory as the market had a stellar start in the beginning following pressure from the mid-session.

Of 368 issues traded, 156 advanced, 176 declined and 36 were unchanged on Tuesday.

The premier bourse DSE posted a turnover of Tk 13.14 billion which was 7.22 per cent higher than the turnover of previous session.

Of total turnover, Tk 485 million came from transactions executed in block board.

Of major sectors which saw price correction, bank declined 0.7 per cent, engineering 0.1 per cent, financial institutions 1.4 per cent, fuel & power 1.8 per cent, and life insurance 1.6 per cent.

Of the sectors which witnessed price appreciation, general insurance advanced 0.2 per cent, pharmaceuticals & chemicals 1.2 per cent, telecommunication 0.4 per cent and textile 0.3 per cent.

Investors' participation was concentrated mostly on banking sector which solely contributed 31.2 per cent in market turnover.

Besides, miscellaneous sector captured 13.9 per cent of market turnover followed by textile 11.6 per cent, pharmaceuticals & chemicals 10.4 per cent, and engineering 5.3 per cent.

Beximco topped the scrip wise turnover chart with a value of Tk 1.62 billion followed by One Bank Tk 1.0 billion, First Security Islami Bank Tk 567 million, Fortune Shoes Tk 455 million and Kattali Textile Tk 412 million.

ACME Pesticides was the number one gainer with a rise of 9.84 per cent to close at Tk 21.20 each.

GPH Ispat was the worst loser after declining 11.25 per cent to close at Tk 57.60 each.

CASPI, benchmark index of Chittagong Stock Exchange (CSE), declined 0.20 per cent or 43.11 points to close at 20515.89 on Tuesday.

Of 281 issues traded, 101 advanced, 147 declined and 33 were unchanged and the port-city bourse CSE posted a turnover of Tk 529.35 million.

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