Dhaka stocks finished negative for the third trading session on Sunday as investors sold off shares, mostly small capitalised companies’ shares.
Market operators said buying of shares of some large capitalised companies by a section of investors, however, saved the market from a significant fall.The key index of Dhaka Stock Exchange, DSEX, closed at 4,540.60 points on Sunday, the first trading session of the week, shedding 0.14 per cent or 6.44 points.
Turnover at the bourse, however, increased to Tk 738.17 crore from Tk 632.13 crore in the previous trading session.
The market on the day started on a positive note, but failed to sustain the vibes, market operators said.
They said as a section of investors were active on the trading floor in a bid to purchase some large capitalised companies’ shares that might save the market from a significant fall.
Market operators said some institutional and big investors had increased their participation on the trading in recent time and their increased participation helped the market to sustain a turnover around Tk 500 crore in a couple of weeks.
DS30, the blue-chip index of the bourse, fell by 0.27 per cent, or 4.68 points, to close at 1,721.74 points.
DSES, the Shariah index of the DSE, finished at 1,060.15 points, declining by 0.14 per cent or 1.55 points.
Of the 298 shares and mutual funds traded on the day, 93 advanced, 170 declined and 35 remained unchanged.
‘Having recent accumulation, marginal level of selling spree was observed, which subsequently turned the bourse into red for the third consecutive session,’ IDLC Investments said in its daily market commentary.
Still some of the investors were re-assessing future potentials and staying with market movements, it said.
‘Hence, some of the large caps’ rally in pharmaceuticals, fuel and power, miscellaneous and engineering sectors was still on board, further fuelling the participation level,’ it said.
‘The consequent improvement in market activities turned the turnover robust to cross Tk 700-crore level, again for the fourth time in recent period,’ IDLC added.
BEXIMCO led the turnover leaders on the day with its shares worth Tk 65.81 crore changing hands. The share price of the company gained 6.89 per cent or Tk 2.70 on the day.
MJL Bangladesh, BSRM Steels, Khulna Printing and Packaging, ACI, Bangladesh Submarine Cable Company, Grameenphone, Lafarge Surma Cement, Central Pharmaceuticals and Titas Gas were among the other turnover leaders.
Agni Systems gained the most on the day with a 9.40-per cent increase in its share price, while IFIL Islamic Mutual Fund One lost the most, shedding 9.52 per cent.
-With New Age input
