Staff Correspondent
Dhaka stocks lost steam on Sunday, the first trading day of the week, due to a selling pressure from investors, depressed by the last week’s bearish trend, market operators said.
The general index of Dhaka Stock Exchange lost 33.69 points, or 1.22 per cent, to close at 2726.98, while its blue chips index, DSE20, shed 23.18 points, or 1.02 per cent, to finish at 2248.03.
The market saw selling pressure as investors, especially retailers, dampened by the last week’s downtrend, offloaded their holdings, DSE stockbrokers 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.
Of the total 237 issues traded, 66 advanced, 166 declined and five remained unchanged.
Turnover at the DSE decreased to Tk 316.48 crore from the Wednesday’s Tk 339.74 crore.
Trading at the DSE and the Chittagong Stock Exchange remained closed on Thursday due to a public holiday on the occasion of Ashura.
Shinepukur Ceramics topped the turnover leaders with a total transaction of Tk 35.56 crore.
Summit Power, Beximco Pharmaceuticals, Beximco, Titas Gas, Aims 1st Mutual Fund, Keya Cosmetics, Grameen Two Mutual Fund, Grameen One Mutual Fund, and Summit Alliance Port were the rest of the top 10 turnover leaders on the day.
Chittagong stocks also dropped on Sunday.
The CSE selective categories index lost 62.16 points, or 1.12 per cent, to close at 5490.15, while its blue chips index, CSE30, shed 87.74 points, or 1.20 per cent, to finish at 7228.42.
Of the total 133 issues traded on the CSE floor, 34 posted gains, 92 dropped and six remained unchanged.
Turnover at the CSE dropped to Tk 47.99 crore from the Wednesday’s Tk 89.69 crore.
Courtesy: newagebd.com
