Stocks fall on profit-taking after 10-day rise

Staff Correspondent | Published: 22:57, Jan 08,2017

 
 

Dhaka stocks declined on Sunday, the first trading session of the week, due mainly to investors’ profit-taking share sales after a 10-day bull run.
The key index of Dhaka Stock Exchange, DSEX, finished at 5,158.69 points, adding 0.45 per cent or 23.55 points after a 258-points rise in the previous 10 trading sessions.
Stockbrokers said the market finished in the negative zone as investors went for profit-booking sales in late trading on the day.
Due to the investors’ profit-booking share sales, prices of more than two-third of the traded scrips declined on the day, they said.
On the sectoral front, ceramic and energy scrips fell by 1 per cent and 0.80 per cent respectively on an average.
Besides, bank shares were mostly mixed with just 0.10 per cent decline in prices on an average.
On the other hand, prices of scrips under non-bank financial institution and telecommunication sectors rose by 3 per cent and 1.50 per cent respectively on an average.
Of the 326 companies and mutual funds traded, 89 advanced, 211 declined and 26 remained unchanged.
Turnover at the bourse declined to Tk 1,075.12 crore compared with that of Tk 1,245.49 crore in the previous trading session.
LankaBangla Securities in its market report said correction at the market shifted some fund to large cap shares, making it the only cap class to close positive on Sunday.
The index moved straight up in the first half an hour of the trading session and exceeded 5,200-points level before it started to fall.
DS30, the blue-chip index of the DSE, inched down by 0.19 per cent, or 3.67 points, to close at 1,860.56 points.
The Shariah index of the bourse, DSES, declined to 1,218.60 points, shedding just 0.29 per cent or 3.58 points.
BEXIMCO led the turnover chart with its shares worth Tk 52.56 crore changing hands.
Peninsula Chittagong, RSRM Steels, IFAD Autos, Bangladesh Building Systems, Saif Powertec, Argon Denims, Shasha Denims, BD Thai Aluminium and Appollo Ispat Complex were the other turnover leaders.
Investment Corporation of Bangladesh gained the most, adding 9.81 per cent, while Samata Leather Complex was the worst loser, shedding 9.52 per cent.

More about:

Want stories like this in your inbox?

Sign up to exclusive daily email

Advertisement

images

 

Advertisement

images