Stocks down again amid profit taking
Dhaka, Aug 13 (UNB) – Stocks at the country’s twin bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – entered into red zone on Monday as majority of the investors booked profit from their previous purchase.
The DSE benchmark index, DGEN, lost 28.06 points or 0.66 percent to close at 4208.39 at the end of the day’s trading.
Of the issues traded at the DSE, 48 advanced, 197 declined and 12 remained unchanged. Share prices worth Tk 278.95 crore were traded on the day.
“With jagged downhill volatility, market retraced today, after two consecutive sessions' rise as majority of the investors booked profit from their previous purchase,” IDLC Finance Limited said in its daily analysis.
Besides, spontaneous participation got hindered further as the investor remained cautious in terms of taking new investment initiatives just before Eid break which was evident in today’s downfall of turnover (-26.16%), it said.
During today’s downward movement, all the major sectors tumbled while non-life Insurance (-2.45%), cement (-2.39%), textile (-1.61%), engineering (-1.40%) and bank (-0.59%) were the most affected sectors.
The CSE key index, CSCX, also lost 60.47 points to stand at 8092.11 points. Of the issues traded at the CSE, 28 gained, 149 declined and 9 remained unchanged.
Share prices worth Tk 31.22 crore were traded at the CSE on the day.
The DSE benchmark index, DGEN, lost 28.06 points or 0.66 percent to close at 4208.39 at the end of the day’s trading.
Of the issues traded at the DSE, 48 advanced, 197 declined and 12 remained unchanged. Share prices worth Tk 278.95 crore were traded on the day.
“With jagged downhill volatility, market retraced today, after two consecutive sessions' rise as majority of the investors booked profit from their previous purchase,” IDLC Finance Limited said in its daily analysis.
Besides, spontaneous participation got hindered further as the investor remained cautious in terms of taking new investment initiatives just before Eid break which was evident in today’s downfall of turnover (-26.16%), it said.
During today’s downward movement, all the major sectors tumbled while non-life Insurance (-2.45%), cement (-2.39%), textile (-1.61%), engineering (-1.40%) and bank (-0.59%) were the most affected sectors.
The CSE key index, CSCX, also lost 60.47 points to stand at 8092.11 points. Of the issues traded at the CSE, 28 gained, 149 declined and 9 remained unchanged.
Share prices worth Tk 31.22 crore were traded at the CSE on the day.
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