Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Tuesday closed trading in red amid choppy trading as risk-averse investors continued their mad rush for profit, reports BSS.
DSE maintained bearish streak amid choppy trading as risk-averse investors preferred to book some quick gain following recent price upsurge.
The market started with optimism, but morning cheerfulness reversed within first hour of the session as shaky investors opted to liquidate their investment,especially in general insurance, food, bank, energy and power, telecomand pharma sectors.
The bargain hunters, however,tried to upturn the index, but active presence of wobbly investors pulled the broad index, DSEX down.
DSEX settled at 4928.86 points on Tuesday with a loss of 17.81points or 0.36 percent.
Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went down by 6.76 points and 2.82 points to settle at 1678.48 points and 1109.95 points respectively.
On the DSE trading floor, a total number of 205,804 trades were executed in today’s trading session with a trading volume of 414.24million securities.
DSE’s turnover, a crucial indicator of the market, increased by 10.6 percent over last session as both the bargain hunters and shaky investors were active on the trading floor. The turnover stood at Taka10.67 billion from Taka 9.65 billion in the previous session.
Losers took lead over gainers as out of 355 issues traded, 115securities gained price while 187declined and 53 remained unchanged. The market-cap of DSE increased to Taka 4,038 billion which was Taka 4,036 billion in the previous session.
The enthusiastic investors took positions on engineering and textile sectors, but the general insurance sector continued dominating the turnover board with 41 percent of total turnover while top loser lists were comprised of general insurance stocks, according to a market analyst, International Leasing Securities Limited (ILSL).
It said major sectors witnessed correction today. Among the major sectors – general insurance (-2.1%), food (-1.6%), and bank (-0.7%) sectors witnessed price correction while engineering (3.8%) and textile (2.4%) sectors achieved price appreciation.
The investors’ activity was mostly centered on general insurance (40.9%), textile (11.2%) and financial institution (8.8%) sectors while Continental Insurance (3.3%), Express Insurance (2.8%) and Beximco (2.5%) led the scrip wise turnover board, added ILSL.
Continental Insurance topped the turnover chart followed byExpress Insurance, BeximcoLimited,BD Finance, Pioneer Insurance, Sandhani Life Insurance, Rupali Insurance, PurabiGenenral Insurance, Paramount Textile and Northern Insurance.
The top 10 gainers were HFL, Prime First ICBA, New Line, SEML LEC Mutual Fund, KTL, BF Finance, Continental Insurance, PTL, Malek Spinning and Tasrifa Industries.
The top ten losers wereRepublic Insurance, Karnaphuli Insurance, E Cables, Nitol Insurance, Pioneer Insurance, KBPP WBIL, Central Insurance, BNICL, Asia Pacific Insurance and Green Delta Insurance.
On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also closed trade in redextending the bearish trend of previous session.
Selective categories index, CSCX and all shares price index, CASPI declined by 39.24 points and 61.70 points to stand at 8462.53points and 14085.13 points respectively. At CSE, a total of 13,294,018share and mutual funds of 279companies were traded, of which 107issues advanced while 127 declined and 45 issues remained unchanged.
