DSEX slips after four winning days
Turnover stood at Tk932.7 crore
The Dhaka bourse's benchmark index DSEX failed to hold on to its gaining momentum from previous four sessions and inched down on Monday owing to investors' selling pressure.
At the end of the session, the index stood at 6,361, which was six points or 0.1% lower than what it was in the previous session.
The daily turnover at the Dhaka Stock Exchange (DSE) also decreased slightly and settled at Tk932.7 crore on Monday.
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Out of all the traded scrips, 83 advanced, 113 declined and 172 stayed the same at the premier bourse.
"The DSE indices moved down as cautious investors opted for booking profits from the trendy stocks that rallied recently, and also from some rumour-based junk scrips amid concerns regarding the strength of the market trend," EBL Securities wrote in its daily market commentary.
The market was upbeat till halfway through the session as investors were active on both sides of the trading fence. But after that, subsequent sell pressure dominated across the bourse and dragged the DSEX down to the red terrain, the commentary added.
Fu-Wang Food was the most traded stock on Monday, followed by Khan Brothers and RD Food.
On the sectoral front, food stocks contributed the highest 17.9% to the day's turnover, followed by miscellaneous stocks adding 10.8%, and life insurance adding 10.1%.
Most of the sectors displayed dismal returns, out of which, life insurance faced the highest correction of 1.5%, travel lost 1.1%, and cement 1%. On the other hand, jute gained the most by 4.8%, IT gained 1.2%, and tannery 0.7% on Monday.
Midland Bank was the top gainer with 10% price appreciation, while Fu-Wang Food was the top loser with 8% correction on the day.
