Dhaka stocks remained negative for the second trading session on Thursday, the last trading session of the week, due to profit taking sell-offs by the second half of the session.
The key index of Dhaka Stock Exchange, DSEX, finished flat at 4,547.05 points, shedding 0.14 per cent or 6.81 points. Turnover of the bourse declined to Tk 632.13 crore on Thursday compared with Tk 642 crore in the previous trading session.
Despite a positive start the market finished negative as investors increased share sales by the late trading session, market operators said.
The market in the previous four trading sessions gained around 200 points that might have prompted investors to make some profit, they said.
On the other hand, investors’ increased attraction to some specific large capitalised companies’ shares was also observed on the day, operators said.
Heavyweight stocks like MJL Bangladesh, BEXIMCO and BSRM Steels gained 7.92 per cent, 4.53 per cent and 4.84 per cent respectively.
The operators also said that considering the prevailing political situation and expectation of improved business situation there was nothing that might demoralise investors immediately unless anything unpleasant happens.
Besides that, if institutional investors reduced participation ahead of the third quarter closing, it may have impact on the market, they said.
DS30, the blue-chip index of DSE, fell by 0.07 per cent, or 1.29 points, to close at 1,726.43 points on the day.
The Shariah index of the bourse, DSES, declined to 1,061.70 points, shedding 0.41 per cent or 4.44 points.
Of the 295 shares and mutual funds traded on the day, 108 advanced, 162 declined and 25 remained unchanged.
BEXIMCO led the turnover chart as its shares worth Tk 48.31 crore changed hands.
MJL Bangladesh, BSRM Steels, Khulna Printing and Packaging, Grameenphone, Square Pharmaceuticals, ACI Limited, Lafarge Surma Cement, Bangladesh Shipping Corporation and Bangladesh Submarine Cable Compnay were among other turnover leaders.
Khulna Printing and Packaging, a newly listed company, gained the most on the day with a 9.66 per cent increase in its share prices, while IFIL Islamic Mutual Fund One was the worst loser of the day, shedding 10 per cent.
Meanwhile, BEXIMCO and BSRM Steels following a DSE query replied that there was no undisclosed price sensitive information for the recent unusual hike in share prices of their companies.
Share prices of BEXIMCO increased by 1.90 per cent or Tk 5.07 on Thursday to close at Tk 39.2.
BEXIMCO shares increased 84.90 per cent in last two-and-half months which were traded at Tk 21.2 on June 8.
Share prices of BSRM Steels increased by 25 per cent to Tk 97.5 on Thursday which were traded at Tk 78 on August 7.
-With New Age input
