Bourses maintain declining trend

DHAKA, Country's capital bourse Dhaka Stock Exchange (DSE) closed in red zone today for the second consecutive session through price correction amidst investors' shaky participation.

The market started with profit booking tendency that continued till the end of the session with volatility as the investors displayed risk aversion nature, according to an operator, EBL Securities.

It said index failed to manage to stay in green zone as investors spurred selling pressure on sector specific stocks, especially stocks from telecommunication, bank, and food and allied sectors from their portfolio.

Market turnover decreased by 12 percent and stood at Taka 4.0 billion by the end of the session.

The core index, DSEX closed at 5,095.77 points with a loss of 44.22 points. Besides, the two selective indices, DSE30 decreased by 17.65 points and DSES decreased by 9.10 points to stand at 1800.05 points and 1183.44 points respectively.

A total number of 118,714 trades were executed in today's trading session with a trading volume of 112.71 million securities. At DSE, 78securities gained price while 236 declined and 39 remained unchanged.

Most of the sectors experienced price correction today. Sector wise performance exposed that -mutual fund (1.6%), jute (0.8%) and travel and leisure (0.3%) sectors experienced price appreciation while telecommunication(-1.7%), engineering (-1.5%) and paper and printing(-1.4%) sector experienced highest price correction.

Investors' attention was mostly concentrated on pharmaceuticals and chemicals (21.0%), engineering (19.7%) and fuel and power (10.5%) sectors.

The port city bourse, Chittagong Stock Exchange (CSE) end session with a loss today. CSCX decreased by 96.43 points and CASPI decreased by 154.98 points.

At CSE, a total of 6,205,905 shares and mutual fund of 239 companies were traded, of which 42 issues advanced while 184 declined and 13 issues remained unchanged.

Source: Bangladesh Sangbad Sangstha