Breaking News
Home | Business | Markets | DSE witnesses mild correction

DSE witnesses mild correction

WT24 Desk

Country’s premier bourse, Dhaka Stock Exchange (DSE), witnessed mild correction today after adding 103 points in the last four consecutive sessions amid profit booking sell off from the shaky investors, BSS reports.

The market started with upbeat note but observed volatility after half an
hour as the risk-averse investors booked some quick gain.

Selling off shares from bank, financial institutions, food, textile, paper
and engineering sectors pushed the prime index by 2.3 points down.

The broad index, DSEX closed at 4779.18 points on Tuesday with a loss of
2.28 points or 0.04 percent.

Besides, the two selective indices, Blue Chip index, DSE30 went down
slightly by 0.03 points while the Shariah index, DSES went up by 3.96 points
to settle at 1664.31 points and 1094.71 points respectively.

On the DSE trading floor, a total number of 125,543 trades were executed
in today’s trading session with a trading volume of 132.93 million

Trading activities increased by 32.3 percent over the last session as the
investors took position on lucrative price levels.

Top gainers’ list was mostly dominated by general insurance sector stocks.
The general insurance sector dominated the turnover board and grabbed 16.7pc of the day’s total turnover.

Loser took a strong lead over the gainers as out of 354 issues traded, 128
securities gained price while 194 declined and 32 remained unchanged.

Most of the sectors witnessed correction today. Among the major sectors
based on market capitalization – bank (-0.5pc), financial institutions (-
2.3pc), food (-1.4pc), textile (- 1.1pc) and engineering (-0.8pc) sectors
witnessed price correction while fuel & power (1.4pc), telecom (0.2pc) and
pharma (0.9pc) sectors achieved price appreciation, according to a market
operator International Leasing Securities.

It added the investors’ activity was mostly centered on general insurance
(16.7pc), engineering (15.4pc) and pharma (13.6pc) sectors.

National Tubes (3.2pc), Wata Chemical (3.0pc) and Sonarbangla Insurance
(2.4pc) led the scrip-wise turnover board today.

The top 10 gainers were Agrani Insurance, Sea Pearl, Provati Insurance,
Cityzen Insurance, Standard Ceramics, Peninsula, Central Insurance, ACI,
Paramount and United Insurance while the top 10 losers were Regen Tex, Salvo Chemical, BPML, Vanguard AML BD, Meghna Condense Milk, Tosrifa, Monno Ceramics, Mofazzal Hossain Spnning, Central Pharma and United Air.

On the other hand, the port city bourse, Chittagong Stock Exchange (CSE)
also closed in green maintaining the upbeat of the previous day.

CSCX and CASPI also went up by 7.9 points and 11.58 points to stand at
8829.62 points and 14531.97 points respectively.

At CSE, a total of 10,198,568 shares and mutual fund of 254 companies were
traded. Of which, 91 issues advanced while 166 declined and 27 issues
remained unchanged.

Leave a Reply

Your email address will not be published. Required fields are marked *



Check Also

Stock markets tread water as all quiet on trade war front

WT24 Desk LONDON – Stock traders found little to get the pulse racing on Friday ...

Asian markets drop as traders await next moves in China-US talks

WT24 Desk HONG KONG – Asian markets fell on Friday as investors wound down for ...