Dhaka stocks slide as investors risk-averse

Dhaka,  Wed,  20 September 2017
Published : 12 Jun 2017, 21:56:00

Dhaka stocks slide as investors risk-averse

FE Report

The Dhaka bourse witnessed on Monday a moderate loss in turnover as investors' participation in share trading decreased compared to the previous session.

After eight sessions, the turnover of the Dhaka Stock Exchange (DSE) went down below Tk 4.0 billion.

On Monday the major sectors displayed mixed performance and the indices lost marginally.

According to EBL Securities, the premier bourse witnessed a session of profit booking and edged down amid investors' 'watchfulness'.

At the end of the session, the DSE broad index closed at 5450.11 points with a loss of 0.09 per cent or 5.05 points.

The shariah-based index DSES declined 0.15 per cent or 1.92 points to close at 1262.05 points, while the blue chip index DS30 went down by 0.37 per cent or 7.56 points to close at 2024.71.

"Profit booking tendency was observed from the very beginning of the session. Index closed in red zone as investors spurred their selling spree on stocks of food & allied, pharmaceuticals & chemicals and financial institutions," said the EBL Securities.

Of the total number of issues traded, 103 advanced, 157 declined and 67 were unchanged on the premier bourse.

A total number of 0.061287 million transactions were executed in Monday's trading with the trading volume standing at 106.54 million securities.

The turnover stood above Tk 3.70 billion which was 21 per cent less than the turnover of the previous session.

Among the major sectors, banks advanced 0.2 per cent, fuel & power 0.1 per cent, engineering 0.2 per cent, service & real estate 0.3 per cent and travel & leisure 0.5 per cent.

Among the declining sectors, financial institutions lost 0.5 per cent, pharmaceuticals & chemicals 0.2 per cent, tannery 0.1 per cent and textile 0.2 per cent.

Investors concentrated mostly on textile sector which contributed 19.20 per cent to the market turnover followed by banks with 16.10 per cent, pharmaceuticals & chemicals 14.70 per cent, fuel & power 12.40 per cent and engineering 10.40 per cent.

Paramount Textile topped the turnover chart with a value of Tk 145 million followed by IFAD Autos with Tk 117 million, LankaBangla Finance Tk 107 million, United Power Generation and Distribution Company Tk 99 million and Beximco Pharmaceuticals Tk 98 million.

Rupali Bank was the top gainer with a rise of 4.66 per cent to close at Tk 26.90, while Savar Refractories was the worst loser after declining 9.24 per cent to close at Tk 49.10.

Editor : A.H.M Moazzem Hossain
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