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Stock down on small correction

WT24 Desk

After showing strong trend at the previous session, stock market returned to red zone on Tuesday when issues across the board suffered small correction, BSS reports.  The broader DSEX index at Dhaka Stock Exchange (DSE) lost 7.45 points to close the day at 4784.46 when the blue-chip DS30 and Shariah DSES fell marginally down to 1827.76 and 1175.76 respectively.

“All eyes are focusing on upshot of such pay hike on the inflation, though economists are cueing that this would not create any inflationary pressure”, said Lanka Bangla Securities Limited.   Out of the day’s traded 320 securities, 188 incurred loss, 99 gained and 33 remained static when the daily trade value was 6.12 percent down at Taka 444.80 crore and the volume was 5.52 percent down at 13.31 crore shares.

The day’s top gainers included ICBEPMF1S1, Sun Life, Rupali Life, Aramit Cement and Linde Bangladesh. The major losers were AIMS1stMF, Grameen1, Grameen2, ABB1stMF and Exim1stMF. The market leader was Aman Feed followed by United Air, Linde Bangladesh, Emerald Oil and Squire Pharma.

Chittagong Stock Exchange (CSE) was also down on Tuesday, with its CSCX falling by 39.60 points to finish the day at 8901.79. Out of the traded 258 securities, 82 closed higher, 155 lower and 21 unchanged. The daily transaction fell to 1.01 crore shares worth Taka 32.44 crore.

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