The market saw marginal correction Thursday after two session's gain
with turnover dipping below Tk 7.0 billion-mark again as investors
booked some profit.
The market opened with an upward trend, but could not sustain as the session progressed. Eventually, DSEX, the prime index of the Dhaka Stock Exchange (DSE) dipped below 5,000-mark again and closed at 4,984.46 points, shedding 21.19 points or 0.42 per cent.
The other two indices also edged lower. The DS30, comprising blue chips dropped 10.78 points or 0.57 per cent to close at 1,860.15 points. The DSE Shariah Index declined 5.47points or 0.46 per cent to close at 1,174.54 points.
The total turnover on DSE dropped to Tk 6.94 billion, registering a decline of 17.96 per cent over the previous day's turnover of Tk 8.46 billion.
The investors' attention mostly focused on engineering, pharma and power - the sectors that accounted for 17.08 per cent, 17 per cent and 16 per cent respectively of the day's total turnover.
"The investors' sell-off was observed across the major sectors as most of them realised their profits amidst the market's negative vibe," said the International Leasing Securities in an analysis.
"Market took some correction as index is yielding to profit booking pressure," said LankaBangla Securities.
Earnings upgrade continued to support the market, whereas profit taking on engineering, cement, pharma, and telecommunication stocks discouraged the positive vibe of early session, said the stock broker.
"While market struggled to remain positive, waves of sell pressure beat it down, causing to close flat," said IDLC Investments.
Volatility was prominent, like previous three sessions as investors continued preferring micro cap stocks. Consequently, 67 out of 297 traded stocks posted 2.0 per cent price change, said the merchant bank.
The port city bourse, Chittagong Stock Exchange (CSE) also saw a marginal correction with its Selective Categories Index - CSCX - lost 43.58 points to close at 9,371.12 points.
Losers beat gainers 121 to 81, with 24 issues remaining unchanged at the port city bourse that traded 12.72 million shares and mutual fund units, turnover value of Tk 503.09 million.
babulfexpress@gmail.com
The market opened with an upward trend, but could not sustain as the session progressed. Eventually, DSEX, the prime index of the Dhaka Stock Exchange (DSE) dipped below 5,000-mark again and closed at 4,984.46 points, shedding 21.19 points or 0.42 per cent.
The other two indices also edged lower. The DS30, comprising blue chips dropped 10.78 points or 0.57 per cent to close at 1,860.15 points. The DSE Shariah Index declined 5.47points or 0.46 per cent to close at 1,174.54 points.
The total turnover on DSE dropped to Tk 6.94 billion, registering a decline of 17.96 per cent over the previous day's turnover of Tk 8.46 billion.
The investors' attention mostly focused on engineering, pharma and power - the sectors that accounted for 17.08 per cent, 17 per cent and 16 per cent respectively of the day's total turnover.
"The investors' sell-off was observed across the major sectors as most of them realised their profits amidst the market's negative vibe," said the International Leasing Securities in an analysis.
"Market took some correction as index is yielding to profit booking pressure," said LankaBangla Securities.
Earnings upgrade continued to support the market, whereas profit taking on engineering, cement, pharma, and telecommunication stocks discouraged the positive vibe of early session, said the stock broker.
"While market struggled to remain positive, waves of sell pressure beat it down, causing to close flat," said IDLC Investments.
Volatility was prominent, like previous three sessions as investors continued preferring micro cap stocks. Consequently, 67 out of 297 traded stocks posted 2.0 per cent price change, said the merchant bank.
The port city bourse, Chittagong Stock Exchange (CSE) also saw a marginal correction with its Selective Categories Index - CSCX - lost 43.58 points to close at 9,371.12 points.
Losers beat gainers 121 to 81, with 24 issues remaining unchanged at the port city bourse that traded 12.72 million shares and mutual fund units, turnover value of Tk 503.09 million.
babulfexpress@gmail.com
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