Staff Correspondent
Dhaka stocks dropped on Monday for the second consecutive day in a volatile trading as investors, downcast by the fresh downtrend in the market, sold off their holdings, market operators said.
The general index of Dhaka Stock Exchange lost 10.45 points, or 0.38 per cent, to close at 2716.53, while its blue chips index, DSE20, shed 12.37 points, or 0.55 per cent, to finish at 2235.66.
A merchant bank official said the market witnessed a selling pressure from investors, especially from retailers. The recent downtrend dampened the investors’ mood, he said.
Before the last week’s bear run, the market had seen a bull run for a couple of weeks thanks to an increased participation of investors after a two-and-a-half-month lull.
A DSE stockbroker, however, said the market behaved better on the day than Sunday, the opening trading day of the week, with gainer issues outnumbering the losers.
Of the total 247 issues traded, 125 advanced, 115 declined and seven remained unchanged.
Turnover at the DSE, however, increased to Tk 359.54 crore from the Sunday’s Tk 316.48 crore.
Beximco topped the turnover leaders with a total transaction of Tk 33.80 crore.
Beximco Pharmaceuticals, Shinepukur Ceramics, Summit Power, Titas Gas, Grameen Two Mutual Fund, Aims 1st Mutual Fund, ACI Formulations, Keya Cosmetics, and Bextex were the rest of the top 10 turnover leaders of the day.
Chittagong stocks closed mixed on Monday.
The selective categories index of Chittagong Stock Exchange gained 1.35 points, or 0.02 per cent, to close at 5491.49, while its blue chips index, CSE30, lost 17.72 points, or 0.25 per cent, to finish at 7210.71.
Of the total 138 issues traded on the CSE floor, 59 posted gains, 74 dropped, and five remained unchanged.
Turnover at the CSE increased to Tk 54.18 crore from the Sunday’s Tk 47.99 crore.
Courtesy: newagebd.com
