Sales pressure pulls down stocks
Dhaka, June 24 (UNB) – Sales pressure pulled down the stocks at the country’s twin bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) -- despite a bouncy start in the morning.
The DSE benchmark index, DGEN, saw 127.27 points or 2.95 percent rise at 11:20 am but finally closed at 4287.80 showing 12.35 points or 0.28 percent fall after the end of the day’s four-hour trading.
Of the issues traded at the DSE, 81 gained, 158 suffered losses and 28 remained unchanged.
The DSE turnover stood at Tk 173 crore while CSE recorded Tk 42.89 turnover.
“Market started buoyant as verdict on unresolved court issues came positive. However, it couldn’t last long as sales pressure dominated rest of the session and DGEN ended flat at 4287.80 points,” IDLC Investments Limited said in its daily market analysis.
It seemed that investors were pessimistic about the market outlook and preferred liquidity. During the day’s flat movement, Cement (-1.71%) was the most affected sector, the analysis said.
The CSE key index closed 8212.75 showing 39.16 points fall though it showed rise of 195.99 points at 11:20 am.
Of the issues traded at the CSE, 48 gained, 122 suffered losses and 12 remained unchanged.
The DSE key index, DGEN, lost over 496 points in the last 10 sessions while it lost over 1,287 points over the last two months.
The DSE benchmark index, DGEN, saw 127.27 points or 2.95 percent rise at 11:20 am but finally closed at 4287.80 showing 12.35 points or 0.28 percent fall after the end of the day’s four-hour trading.
Of the issues traded at the DSE, 81 gained, 158 suffered losses and 28 remained unchanged.
The DSE turnover stood at Tk 173 crore while CSE recorded Tk 42.89 turnover.
“Market started buoyant as verdict on unresolved court issues came positive. However, it couldn’t last long as sales pressure dominated rest of the session and DGEN ended flat at 4287.80 points,” IDLC Investments Limited said in its daily market analysis.
It seemed that investors were pessimistic about the market outlook and preferred liquidity. During the day’s flat movement, Cement (-1.71%) was the most affected sector, the analysis said.
The CSE key index closed 8212.75 showing 39.16 points fall though it showed rise of 195.99 points at 11:20 am.
Of the issues traded at the CSE, 48 gained, 122 suffered losses and 12 remained unchanged.
The DSE key index, DGEN, lost over 496 points in the last 10 sessions while it lost over 1,287 points over the last two months.
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