Stocks edged marginally lower for the third straight sessions Monday amid choppy trading as investors remained cautious due to lack of clear market direction.
The market opened with a positive note, but could not sustain as the session progressed. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down further by 7.48 points or 0.16 per cent to settle at 4,503.98.
The DSE Shariah Index (DSES), dropped 3.52 points or 0.32 per cent to end at 1,099.57. However, the DS30 index, comprising blue chips, moved up by 1.95 points or 0.11 per cent to close at 1,733.
Turnover, the most important indicator of the market, stood at Tk 3.80 billion, registering an increase of 23 per cent over the previous day's two months lowest value of Tk 3.08 billion.
The investors' attention was mostly focused on pharma, power and textiles - the sectors that accounted for 20 per cent, 18 per cent and 13 per cent of the day's total turnover.
"Stocks closed marginally lower amidst shaky investor's confidence as the market participants remained skeptic due to the volatile market trend in recent period," said International Lasing Securities, a stock broker, in an analysis.
The daily market turnover surged by 23 per cent from that of the previous session amid the mixed expectation regarding market outlook, said the stock broker.
"Price correction in stocks from engineering and telecom sectors mainly penalized the market in the day's session," said the stock broker.
IDLC Investments, a merchant bank, said, "Investors kept their focus on scrip wise strategies, trying to locate undervalued investment opportunities throughout the market".
The merchant bank noted that as investors try to utilize relative valuations and supply-resistance techniques across the bourse, market and sector level trend is sterilized.
However, investors maintained their preference in cap classes, said the merchant bank.
LankaBangla Securities, a stock, broker, said, "Market has not shown any sign of reversal yet. Investors haven't exhibited much exuberance as market direction remained unclear".
Continual choppy trading sessions in prime bourse made investors cautious and prompted to cash in on stock, said the stock broker.
The large-cap sectors posted mixed performance. Food and allied was the highest gainer with 0.72 per cent rise followed by NBFIs 0.49 per cent. Fuel and power also advanced by 0.32 per cent.
Banks retraced by 0.42 per cent. Cement lost 0.40 per cent. Telecommunication and pharmaceuticals lost 0.38 per cent and 0.18 per cent respectively.
The losers took a modest lead over the gainers as out of 311 issues traded, 144 declined, 112 advanced and 55 remained unchanged on the DSE trading floor.
Activities increased in the major bourse where volume and trade were down by 19.12 per cent and 2.71 per cent respectively. A total number of 0.088 million trades were executed with trading volume of 104.74 million securities.
The total market capitalisation on the DSE stood at Tk 3,182.90 billion against Tk 3,186.52 billion in the previous session.
Titas Gas was the day's top turnover leader with shares worth Tk 171.60 million changing hands followed by United Airways, Beximco Pharma, Beximco and KPCL.
Hakkani Pulp and Paper was the day's top gainer, posting a rise of 10 per cent while Modern Dyeing was the worst loser, plunging by 8.78 per cent.
However, the port city bourse Chittagong Stock Exchange (CSE), ended in green zone with its Selective Categories Index - CSCX - gained 20.70 points to close at 8,476.50 points.
Losers beat gainers 116 to 90, with 28 issues remaining unchanged at the port city bourse that traded 10.24 million shares and mutual fund units, turnover of Tk 267 million.
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Stocks slip into red for third day
FE Report | Published: June 23, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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