Stocks end down
Dhaka stocks made a shaky start of the week yesterday with most of the major sector ended negative.
Less participation by the institutional investors, considered as major market players, could be the main reason behind the downward trend, analysts said.
“The most plausible reason is, institutional investors are becoming a little inactive at the moment leaving the retail investors dominate the market,” Equity Partners Limited (EPL), an investment firm, said in its daily market analysis.
The investment firm also pointed out that retail investors were focusing on quick profit taking that led the market down.
The benchmark index of Dhaka Stock Exchange, DSE General Index, fell by 26.35 points, or 0.9 percent to 2,870.13. The DSE All Share Price Index also declined by 25.57 points, or 1.05 percent to 2,402.08.
Although all shares in all sectors gained in the first 30 minutes, all came down in the next 45 minutes. For the rest of the day, there was a persistent downtrend.
The losers beat the advancers 171 to 57. Two securities remained unchanged. A total of 3,54,35,385 shares worth Tk 528.93 crore were traded on the premier bourse.
Beximco topped the turnover leaders, with 19,60,800 shares worth Tk 61.56 crore being traded, followed by Bextex, Titas Gas, AB Bank, Beximco Pharma, Desco, Grameen Mutual Fund One: Scheme Two, ACI, LankaBangla Finance and BD Online.
Chittagong stocks also posted fall. The CSE Selective Categories Index slid by 57.7 points, or 0.9 percent to 6,323.1. The CSE All Share Price Index dropped by 88.98 points, or 0.87 percent to 10,074.95.
A total of 59,98,489 shares worth Tk 66.47 crore changed hands on the Chittagong Stock Exchange. Of the traded issues, 31 advanced, 113 declined and six remained unchanged.
Beximco topped the turnover leaders on the port city bourse with 2,97,400 shares worth Tk 9.30 crore being traded. Other turnover leaders were Bextex, AB Bank, Beximco Pharma, AIMS 1st Mutual Fund, Grameen Mutual Fund One: Scheme Two, Bangladesh Online, Titas Gas, LankaBangla Finance and Jamuna Oil.
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