Stocks slipped back in red with volatility Sunday, after previous session’s rebounce as late sale pressure cut early gains.
The market opened the session on a positive note. However, it could not sustain the momentum and closed in red. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down marginally by 6.72 points or 0.13 per cent to close at 4,849.68 points.
The two other indices also closed in red. The DS30, comprising blue chips lost 2.45 points or 0.13 per cent to close at 1,790.41 points. The DSE Shariah Index slipped 0.60 points or 0.05 per cent to close at 1,144.22 points.
Trading at DSE remained dry with turnover still hovering around Tk 2.0 billion. The total turnover stood at Tk 2.37 billion, registering an increase of 2.60 per cent over the previous session's value of Tk 2.31 billion.
The investors' attention was mostly focused on engineering, pharma and textile - the sectors that accounted for 14.29 per cent, 12.76 per cent and 10.32 per cent of the day's total turnover.
International Leasing Securities said that stocks reverted back to declining ways it endured an idle session amidst lack of investors' enthusiasm.
Stocks-wise movement within several sessions was observed in the day's session, particular, large caps from cement sector along with a couple of small caps from ceramic sector witnessed price appreciation amidst the investors' expectation of further price hike, said the International leasing.
"Market continued sidewalk amid muted turnover where worried investors refrained from taking new position," said IDLC Investments.
By the end of the session, total turnover stood at Tk 2.38 billion and turnover remained concentrated among the small-cap stocks, reflecting investors' apathy in the large-cap issues after recent correction, said the merchant bank.
LankaBangla Securities said: "Though buyers tried hard to force the bear from the market, index closed marginally flat losing 6.72 points".
Small-cap continued to lead the gainers list, while large-cap financial sectors chucked the bull away over last few trading sessions, said the stock broker.
Following Bangladesh Bank's persuasion to bring down the non-performing loan (NPL) in banking sector, commercial banks have expedited their loan-recovery drives to bring down the volume of NPL to a reasonable level by the December deadline, said the stock broker.
Officials of a good number of commercial banks said the default loan is expected to come down within this month as a result of their latest drives, the stock broker added.
"Market depth remained low since the commencing of flex trading system," the stock broker added.
The losers took a lead over the gainers as out of 307 issues traded, 146 declined, 126 advanced and 35 remained unchanged on the DSE floor.
Activities increased in the major bourse (DSE) where trade and volume were up 1.22 per cent and 9.27 per cent respectively. A total of 0.078 million trades were executed with trading volume of 65.41 million securities.
The market capitalisation on DSE stood at Tk 3,233.09 billion against Tk 3,233.35 billion in the previous session.
The major sectors posted mixed results with cement coming out as the strongest sector with 1.70 per cent gain. Telecommunication and pharma registered marginal gains of 0.14 per cent and 0.17 per cent respectively.
Food and allied and NBFIs went down by 0.66 per cent and 0.42 per cent respectively. Banks and power edged down by 0.30 per cent and 0.25 per cent respectively.
Summit Alliance Port was the most traded stock with shares worth Tk 83.26 million changing hands followed by Agni Systems, Beximco Pharma, Fu-Wang Foods and RAK Ceramics.
Fu-Wang Ceramics was the day's top gainer, positing a rise of 10 per cent while Miracle Industries was the day's worst loser, plunging by 5.94 per cent.
The port city bourse, Chittagong Stock Exchange (CSE) also closed in the red with its Selective Categories Index - CSCX - lost 8.28 points to close at 9,094.49 points.
Losers beat gainers 128 to 84, with 39 issues remaining unchanged at the port city bourse that traded 7.00 million shares and mutual fund units, turnover value of Tk 217.50 million.
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