Stocks break a gaining streak after four consecutive sessions at both the bourses on Tuesday as most investors were busy to book profit on sector-wise securities which pushed the market down.
Market analysts said stocks went lower mainly as most investors showed selling spree for booking profit.
The market opened in a positive note with volatility that maintained for the first 20 minutes. After that, it went down through volatility and finally the prime index lost 12.68 points.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) lost 12.68 or 0.24 percent to settle at 5,335.38.
Meanwhile, the blue chips index (DS30) lost 10.11 points or 0.52 percent to finish at 1,902.94. The DSE Shariah Index (DSES) was 2.03 points or 0.16 percent lower than the previous session’s level and closed at 1,266.66 points.
On the other hand, the total turnover in value on the DSE reached Tk 7,166.15 million, over 17.92 percent down from Tk 8,731.16 million in the previous day.
The losers beat the gainers as out of 336 issues traded, 185 ended lower, 113 closed higher and 38 remained unchanged on the DSE.
BBS Cables continued to dominate the DSE floor and topped the turnover chart with 2.76 million shares changing hands for Tk 290.64 million. It was followed by Nahee Aluminum (Tk 249.79 million), KDS Accessories (Tk 217.77 million), and PENINSULA (Tk 187.75 million) and BPML (149.26 million)
Global Heavy Chemicals Limited was the day’s best performer with 9.98 percent growth in share prices to Tk 51.80 while Meghna Condensed Milk Industry Limited was the day’s worst loser, falling 10 percent to Tk 18.90.
Meanwhile, the port city bourse — the Chittagong Stock Exchange (CSE) saw negative trend on Tuesday with selective category index (CSCX) losing 56.18 points to end at 9,933.05 points.
On the other hand, the CSE All Share Price Index (CASPI) moved down by 88.8 points to settle at 16,404.78 points.
At the CSE, total 250 issues were traded. Among them, 79 closed higher, 146 ended lower and 25 remained unchanged.
However, the number of shares transacted on the floor of the CSE was 11,620,362 and the total turnover in value was almost Tk 39.37 crore.