Business Report :
The Dhaka Stock Exchange (DSE) ended lower on Monday, as risk-averse investors opted for booking profit on quick-gaining shares.
The prime index of the DSE declines 26.95 points to settle at 5,220.
The blue-chip index DS30, a group of 30 prominent companies, saw a more than 9.51 points decline to 1868 while the DSES Index, which represents Shariah-based companies, shrank 3.80 points to 1,142.85 till the end.
Market analysts said after a sharp gain in the past five days, cautious investors are booking profit on recently rallied stocks.
Besides, the stock scam news of revenue officer Matiur Rahman also disappointed many investors to put fresh bets.
Turnover, a crucial indicator of the market, stood at Tk 4.80 billion at the end of trading which was 1.41 per cent lower than earlier trading days.
The equity indices of the Dhaka bourse failed to uphold the recovery mode as risk-averse investors extended their selling mode since overall market sentiment remains subdued amidst an uncertain market outlook
Sellers remained predominant right from the start of today’s session since they were wary of the market’s momentum and preferred to sell off their current holdings to observe the direction of the market trend, causing the intraday DSEX to fall below the 5,200 mark again by the mid-session.
However, some late-session buying behaviour on sector-specific scrips provided a slight recovery from the initial plunge.
The majority of the stocks saw a price surge, as out of the 395 issues traded, 92 closed higher, 255 ended lower and 48 remained unchanged on the DSE trading floor.
Linde Bangladesh Limited was the most-traded stock with shares worth Tk 231.68 million changing hands, followed by Sea Pearl Beach Resort & Spa Limited, Capitec Grameen Bank Growth Fund, British American Tobacco Bangladesh Company Limited, and Rupali Life Insurance Company Limited.
However, the Chittagong Stock Exchange (CSE) ended higher with its All Share Price Index (CASPI) losing 95.57 points to settle at 14726 and the Selective Categories Index (CSCX) falling 60 points to 8862.
The port city bourse traded 22.42 million shares and mutual fund units with a turnover volume of Tk 211.96 million.