Retail investors are in despair as DSE witnesses volatility. BBN file photo

Dhaka, Bangladesh (BBN) – After hitting historical high, the key index of the premier bourse witnessed a marginal correction on Monday as risk-averse investors opted for profits on quick-gaining stocks.
Market insiders said correction occurred as the market saw a substantial gain in the past few trading days, which prompted many investors to book quick-profit.
After reaching the premier bourse’s core index record high in the previous session, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened with a positive note amid increasing turnover.
Within first 15 minutes of trading, the key index of the country’s prime bourse rose 12 points while the Selective Category Index of port city bourse advanced 5.60 points at 10:45am.
Since then, it started to decline as cautious investors opted for profit taking.
After 30 minutes of trading, DSEX fell 4.82 points while the Selective Category Index of port city bourse lost 31 points at 11:00am.
After two hours of trading, DSEX, the prime index of the DSE fell nearly 9.0 points, while the Selective Category Index of port city bourse lost 18 points when the report was filed at 12:30pm.
The rest two hours also fell steadily, finally DSEX ended more than 20 points lower while the Selective Category Index of port city bourse lost 45 points.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the DSE, went down by 20.29 points or 0.34 percent to settle at 5,824, after hitting historical high since its inception on January 27, 2013.
The two other indices also edged lower. The DS30 index, comprising blue chips fell 0.33 points or 0.01 percent to finish at 2,133 points.
The DSE Shariah Index (DSES) lost 3.27 points or 0.25 percent to close at 1,324 points.
Turnover, the important indicator of the market, stood at BDT 11.47 billion, which was 9.18 percent lower than the previous day’s turnover of BDT 12.63 billion.
The losers took a strong lead over the gainers as 329 issues traded, 214 closed lower, 82 closed higher and 33 remained unchanged on the DSE trading floor.
Confidence Cement emerged as turnover leader with about 3.70 million shares of nearly BDT 583 million changing hands, closely followed by IFAD Autos BDT 530 million, Keya Cosmetics BDT 374 million, MJL Bangladesh BDT 368 million and Simtex Industries BDT 341 million.
BD Autocars was the day’s highest gainer, posting a 8.91 percent rise, while United Insurance was the worst loser, shedding 6.55 percent.
CHITTAGONG STOCK EXCHNAGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – losing more than 45 points to settle at 10,907.
Losers beat gainers as 163 issues closed lower, 82 closed higher and 24 remained unchanged on the CSE.
The port city bourse traded 21.59 million shares and mutual fund units’ worth BDT 635 million in turnover.
BBN/SS/ANS