Dhaka bourse on Sunday saw a moderate correction breaking the gaining streak of previous sessions as investors were cautious.
After gaining 435 points in previous eight sessions, investors' cheerful mood did not sustain after one hour of the day's session.
Finally, the benchmark index of Dhaka Stock Exchange (DSE) entered the negative zone with the DSE broad index DSEX experiencing moderate correction.
The turnover value, however, rose marginally as investors booked profits.
Many small cap companies witnessed price correction and dominated the chart of top 10 losers on the DSE.
The market opened the Sunday's session positively and continued the trend for 59 minutes.
Soon later, the DSEX started to decline and no strong recovery stance was observed during the rest of the session.
At the end of the session, the benchmark barometer settled at 7202.09 with a loss of 0.78 per cent or 56.65 points.
"Index displayed an upward trend during the first hour of the session and later it started to decline and continued the trend till closure," said EBL Securities.
On Sunday, the shariah based index DSES declined 1.02 per cent or 16.34 points to close at 1575.96 points.
DS30 index comprising blue chip securities closed at 2638.10 points with a loss of 0.34 per cent or 9.03 points.
Of total issues traded, 83 advanced, 261 declined and 32 were unchanged.
The premier bourse DSE on Sunday featured a turnover of Tk 27.08 billion which was 0.44 per cent higher than the turnover of the previous session.
Of total turnover, Tk 887 million came from transactions executed in block board of the premier bourse.
Of major sectors which witnessed correction, bank declined 0.5 per cent, engineering 1.4 per cent, fuel & power 0.6 per cent, telecommunication 0.2 per cent, textile 3.3 per cent and ceramic 4.4 per cent.
Of the sectors which saw price appreciation, financial institution advanced 0.1 per cent, pharmaceuticals & chemicals 0.1 per cent and life insurance 3.8 per cent.
Investors' participation concentrated mostly on pharmaceuticals & chemicals sector which grabbed 12.10 per cent of market turnover followed by engineering 10.9 per cent, textile 10.4 per cent, financial institutions 9.0 per cent and fuel & power 8.5 per cent.
Beximco topped the scrip-wise turnover chart with a value of Tk 809 million followed by Beximco Pharmaceuticals Tk 693 million, Square Pharmaceuticals Tk 523 million, LankaBangla Finance Tk 507 million and British American Tobacco Bangladesh Company (BATBC) Tk 501 million.
Uttara Finance & Investments was the number one gainer with a rise of 9.83 per cent or Tk 4.60 to close at Tk 51.40 each.
Mithun Knitting and Dyeing was the worst loser after declining 10 per cent or Tk 2.20 to close at Tk 19.80 each.
CASPI, benchmark index of Chittagong Stock Exchange (CSE), declined 0.69 per cent or 146.75 points to close at 20984.63 on Sunday.
Of 330 issues traded, 96 advanced, 214 declined and 20 were unchanged and the port-city bourse CSE posted a turnover of Tk 1.14 billion on the day.
© 2024 - All Rights with The Financial Express
