Stocks end gaining streak amid profit booking
DSEX of DSE fell by 0.22% and CASPI of CSE fell by 0.24% on Monday
The nine days bull run of the stock market ended on Monday amid sell pressure from investors as most of them went for profit booking.
DSEX, the main index of the Dhaka Stock Exchange (DSE) fell by 0.22% and CASPI, the benchmark index of the Chittagong Stock Exchange (CSE) fell by 0.24%.
However, DSE's Shariah index DSES increased by 0.56% to 1,262 and the blue-chip index DS30 gained 0.38% to 2,125 points.
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The government has extended the ongoing lockdown for one more week till 5 May, considering the ongoing Covid-19 situation.
On Monday, the State Minister for Public Administration Farhad Hossain told The Business Standard, "The decision has been taken considering the Covid-19 situation in Bangladesh and crisis in neighbouring India, and following advice from public health experts."
EBL Securities said in the daily market commentary, sell pressure from the investors was prevalent from the beginning of the trading session as the nine days prolonged bull run incited their profit-taking actions.
In the last nine trading sessions till Sunday, DSEX gained 333 points.
Total turnover at the DSE slightly increased by 0.57% to Tk1,195.75 crore on Monday.
The port city bourse's turnover also increased by 14% to Tk71.97 crore.
Out of total securities traded, the share price of 102 advanced, 191 declined and 62 remained unchanged at the DSE.
Meanwhile, investors received the highest return of 5.3% from the cement sector, while the general insurance sector saw price correction on Monday.
AFC Agro Biotech secured the top position with 10% gain in share price in the top ten gainers' list, while Purabi General Insurance was the worst loser with 8.08% share price fall at the DSE.
In the scrip wise turnover chart, Beximco Limited secured the top position with 11.4% contribution to the DSE total turnover.
