Dhaka, Bangladesh (BBN)– Profit taking pulled down the country’s stocks at both the bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Monday after the twin bourses had witnessed a rising trend in the last four trading sessions.
Dhaka stocks fell on the day amid some price correction as investors booked profit in most sectors, market operators said.
“The market got off to a positive start, continuing Sunday’s bullish trend but it didn’t sustain for long as the investors sitting on profit started selling off to realize gains,” LankaBangla Securities said in its daily analysis.
The DSE opened with a positive note, gaining more than 55 points within first one hour. After that it declined steadily rest of the session amid moderate ups and down and finally ended 46 points lower.
The benchmark General Index of the Dhaka Stock Exchange— (DGEN), went down by 46.23 points or 0.84 per cent to close at 5,417.92.
Out of 265 issues traded, 160 declined, 83 advanced and 22 remained unchanged.
The turnover value stood at BDT 11.20 billion, down by 6.74 percent compared to BDT 12.01 billion in the previous session.
Lafarge Surma Cement also topped the turnover chart with shares worth BDT 690.25 million changing hands.
The other turnover leaders were GP, Jamuna Oil, Beximco Limited, Titas Gas, Keya Cosmetics, Meghna Petroleum, MI Cement, Aftab Automobiles and United Airways.
Islamic Finance and Investment was the day’s highest gainer posting a rise of 9.87 percent while National Tea Company was the worst loser.
Similarly, the CSE benchmark index, CSCX, also shed 121.88 points to close at 10081.18. The tracking index of the Chittagong bourse gained 193.87 points on Sunday.
Of the issues traded at the CSE, only 59 advanced, 123 suffered losses and 10 remained unchanged.
The Chittagong bourse turnover stood at BDT 977.10 billion, slightly higher than Sunday (BDT 972.90 million).
BBN/SSR/Ad-16Apr12-11:04 pm (BST)
