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Stocks break five-day gaining streak

WT24 Desk

Majority of stocks were down on Tuesday breaking a gaining streak that continued in the past five trading sessions, BSS reports.  The price fall was mostly seen in the large-cap securities which were under sale pressure for profit booking and repositioning by a good number of investors.

Ceramic, service, real estate, travel and non-banking financial sectors sank most on the day when IT, paper and printing and telecommunication sectors inched up.  The broader DSEX index of Dhaka Stock Exchange (DSE) finished the day 10.48 points down at 4,931.17. But the DSES for Shariah-based companies and the DS30 for the blue-chip scrips finished the sessions marginally up at 1167.34 and 1797.19 respectively.

The daily trade value declined by nearly 17 percent to Taka 932.63 crore from Monday’s Taka 1120.15 crore while the volume fell by over 10 percent to 31.49 crore shares from 35.01 crore of the previous session.

Out of the day’s traded 324 issues, 261 were from the large-cap group. Eighty-four issues of this group advanced out of the day’s total 99 gaining ones, other 142 scrips from this category suffered losses while the total losing issues on DSE was 175.

The day’s major gainers were Emerald Oil, Daffodil Computer, Golden Son, Eastern Lubricant and Desh Grameen. The most losing securities were Pragati Life Insurance, HR Textile, Shyampur Sugar, Padma Oil and Bangladesh Building System.

Beximco Limited topped the turnover list followed by Bangladesh Building System, Square Pharma, Olympic Accessories, Ifad Autos and Apollo Isphat.  Chittagong Stock Exchange (CSE) finished the session down, with its major CASPI index closing 16.85 points lower at 15,161.89.

Out of the 251 issues traded on the CSE, 99 closed higher against 120 losing securities when 2.09 crore shares changed hands for Taka 62.29 crore.

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