Stocks fall on profit booking selling

Profit-booking selling drove share prices down yesterday, breaking the two days rally. The major price indices at the twin stock exchanges were down at close, reports BSS.
Stocks showed strong rally in the past two sessions when some investors renewed their buying commitment and were highly active around financial and consumer securities.
The buying mood continued at the beginning yesterday, but the strong vibe faded out at the later part of the day as many investors became busy in profit booking selling.
The broader DSEX index of Dhaka Stock Exchange (DSE) finished the day 6.62 points down at 4538.08 when the Shariah DSES followed it to finish the session marginally down at 1115.45. The blue-chip DS30, however, gained by 4.37 points to 1772.14.
The major CASPI index of Chittagong Stock Exchange (CSE) also gained 9.76 points on Wednesday to finish at 13925.76.
The daily trade value at DSE declined by 1.84 per cent to Tk 386.87 crore when the volume was 14.66 per cent down at 10.92 crore shares. Some 74 lakh shares of Tk 30 crore changed hands on CSE against Tuesday’s 96 lakh shares of Tk 22 crore.
At DSE, 110 closed up against 158 losing issues when at CSE 96 issues were up, with 99 closing down.
Bank, cement, pharmaceuticals and mutual funds were down on selling binge while food and allied, fuel and power and telecom advanced marginally.
The top five gaining securities included All Tex, Exim1stMF, HR Textile, Quasem Drycell and Fareast Finance.
The major losers were VAMLBDMF1, SEMLLECMF, Dulamia Cotton, Prime1 ICBA and FBFIF. The market leaders were DBH, Acme Lab, SPCL, Titas Gas.

 

Stocks fall on profit booking selling

Profit-booking selling drove share prices down yesterday, breaking the two days rally. The major price indices at the twin stock exchanges were down at close, reports BSS. Stocks showed strong rally in the past two sessions when some investors renewed their buying commitment and were highly active around financial and consumer securities. The buying mood continued at the beginning yesterday, but the strong vibe faded out at the later part of the day as many investors became busy in profit booking selling. The broader DSEX index of Dhaka Stock Exchange (DSE) finished the day 6.62 points down at 4538.08 when the Shariah DSES followed it to finish the session marginally down at 1115.45. The blue-chip DS30, however, gained by 4.37 points to 1772.14. The major CASPI index of Chittagong Stock Exchange (CSE) also gained 9.76 points on Wednesday to finish at 13925.76. The daily trade value at DSE declined by 1.84 per cent to Tk 386.87 crore when the volume was 14.66 per cent down at 10.92 crore shares. Some 74 lakh shares of Tk 30 crore changed hands on CSE against Tuesdays 96 lakh shares of Tk 22 crore. At DSE, 110 closed up against 158 losing issues when at CSE 96 issues were up, with 99 closing down. Bank, cement, pharmaceuticals and mutual funds were down on selling binge while food and allied, fuel and power and telecom advanced marginally. The top five gaining securities included All Tex, Exim1stMF, HR Textile, Quasem Drycell and Fareast Finance. The major losers were VAMLBDMF1, SEMLLECMF, Dulamia Cotton, Prime1 ICBA and FBFIF. The market leaders were DBH, Acme Lab, SPCL, Titas Gas.