Dhaka, Bangladesh (BBN)– Country’s stocks opened on Sunday, the first working day of this week, with declining trend as most of the major sectors witnessed notable price corrections.
Among the falling major sectors in Dhaka Stock Exchange (DSE) were steel and jute when 202 securities incurred loss due to lower activities. Insurance sector, however, advanced marginally at the day’s closing.
On the day, a sell pressure was also observed due to investors’ profit booking mood after a flat rally of previous week.
At the end of the session, of 324 issues traded, 83 advanced, 202 declined and 39 were unchanged.
The DSE broad index DSEX shed 0.53 per cent or 25.09 points to close at 4698.63 points.
On the other hand, the DSE Shariah index DSES lost 0.79 per cent to close at 1122.42 points, whereas the blue chip index DS30 went down by 1.25 per cent to close at 1762.25 points.
The day’s turnover, however, improved than the value observed on previous session.
The turnover stood at more than BDT 5.59 billion which was 14.37 per cent higher than the turnover of the previous session.
The top ten gaining companies in DSE were Bangladesh National Insurance, Standard Ceramics, Monno Stafflers, Standard Insurance, Deshbandhu Polymer, Style Craft, Standard Bank, Global Insurance, First Prime Insurance Mutual Fund and EXIM Bank.
“The market started with early-hour sell pressure while the investors confirmed an effort to resumption in mid-session but sellers became active in the later part of the session,” said a market commentary of the International Leasing Securities.
On the Chittagong Stock Exchange (CSE), the benchmark index CASPI shed 70 points to close at 14442 points.
Of 240 issues traded, 69 advanced, 152 declined and 19 were unchanged and the turnover stood at above BDT 442.57 million on the port city bourse.