Stocks plunge on profit booking

Stock market suffered extensive price fall yesterday as investors were selling shares for profit booking. The falling price pulled the price indices down at both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), reports BSS.
At DSE, only 93 securities finished higher when 183 issues across the board incurred loss. Similarly, 143 issues closed lower at CSE against only 74 advancing securities. 
Like previous trading sessions, majority of the issues from large-cap group suffered loss.
Due to the wide range price fall, DSEX dropped below 4700-point mark and settled at 4692.94 when the DS30 and DSES slid to 1754.62 and 1116.07 accordingly.
Despite profit-booking sell pressure, the market saw lower transaction when the trade value fell to Tk 456.71 crore from Sunday's Tk 483.83 crore and the volume declined to 16.19 crore shares from 17.89 crore shares of the previous sessions.
Some issues from IT, insurance, textile and non-banking sectors were the major gaining issues of the day. The issues included Aamra Tech, Paramount Insurance, Asian Insurance, Argo Denim and MHSML.
National Tubes, Zeal Bangla, Kohinoor Chemical, Kay & Que and YPL were the most losing securities.
Doreen Power topped the turnover list followed by BSRM Limited, NBL, Squire Pharma and BBS.
Chittagong Stock Exchange (CSE) closed the session down, with its CASPI closing 95.25 points down at 14391.74.
Some 1.12 crore shares changed hands on the day for Tk 28.69 crore.

Stocks plunge on profit booking

Stock market suffered extensive price fall yesterday as investors were selling shares for profit booking. The falling price pulled the price indices down at both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), reports BSS. At DSE, only 93 securities finished higher when 183 issues across the board incurred loss. Similarly, 143 issues closed lower at CSE against only 74 advancing securities. Like previous trading sessions, majority of the issues from large-cap group suffered loss. Due to the wide range price fall, DSEX dropped below 4700-point markand settled at 4692.94 when the DS30 and DSES slid to 1754.62 and 1116.07 accordingly. Despite profit-booking sell pressure, the market saw lower transaction when the trade value fell to Tk 456.71 crore from Sundays Tk 483.83 crore and the volume declined to 16.19 crore shares from 17.89 crore shares of the previous sessions. Some issues from IT, insurance, textile and non-banking sectors were the major gaining issues of the day. The issues included Aamra Tech, Paramount Insurance, Asian Insurance, Argo Denim and MHSML. National Tubes, Zeal Bangla, Kohinoor Chemical, Kay Que and YPL were the most losing securities. Doreen Power topped the turnover list followed by BSRM Limited, NBL, Squire Pharma and BBS. Chittagong Stock Exchange (CSE) closed the session down, with itsCASPI closing 95.25 points down at 14391.74. Some 1.12 crore shares changed hands on the day for Tk 28.69 crore.