Majority of the securities incurred loss on the opening day of the week as demand side was too weak to match the sell pressure by a large number of investors who were booking profit and repositioning for securing their investment, reports BSS.Stocks plunge as demand declines
BSS
Majority of the securities incurred loss on the opening day of the week as demand side was too weak to match the sell pressure by a large number of investors who were booking profitand repositioning for securing their investment, reports BSS.
The daily trade value at the countrys premier bourse was down while investors were cautious in making fresh commitment due to volatility in the market.
The trade value fell to Tk 564.63 crore from Thursdays Tk 645.95 crore.
The lower trade value was the result of price fall across the board that also drove the market indices downward.
The broader DSEX index of Dhaka Stock Exchange (DSE) fell by 9.93 points to 4667.20. The blue-chip DS30 and the Shariah DSES were also down at 1755.17 and 1121.03 respectively.
The trade volume, however, rose to 14.14 crore shares from 13.85 crore of the previous session on voluminous trade of cheaper shares. Out of the days 321 traded issues, prices of 106 securities closed higher against 169 losing ones.
At Chittagong Stock Exchange (CSE), 93 closed securities higher against 115 losing issues when the market closed the opening day of the week down, with its major CASPI index closing at 14,381.69.
All the major sectors including food and allied, fuel and power, textile, service and real estate and cement were down on the day while engineering and insurance issues managed some gains.
The major gaining issues were National Tubes, Navana CNG, BD Thai, Desh Garments and East Land Insurance.
The major losing issues were Bangas, Eastern Lubricants, Tallu Spinning, Samorita Hospital and Premier Cement. MJL BD topped the turnover leaders followed by BBS, Square Pharma, Shasha Denims and Navana CNG.
