DSE indices in red after five winning sessions

Following five consecutive sessions of gain, the stock market closed in red yesterday due to some profit booking efforts.

The second session of the week began with continuous optimism but faced profit bookers' sell pressure within half an hour. 

Rebalancing efforts helped the market with some interim surges until the end of the session, even though the indices finally lost points.  

DS30, the blue-chip index at the Dhaka Stock Exchange (DSE) fell by 0.55 percent. The Shariah Index DSES was down by 0.42 percent, while increased demand for some non-blue chip stocks helped broad-based index DSEX to arrest the fall within 0.25 percent. 

DSEX closed at 4,089 after it had reached 4,110 in the morning. 

However, increased participation helped the daily turnover go further up to near Tk378 crore, which was below Tk347 on Sunday and was stuck at a poor level below Tk100 crore in the last month. 

Turnover in DSE's block market- that bypasses the public market- asking and bidding process stood at Tk45 crore on Monday. 

General insurance, bank, woven textile, footwear and plastics, and packaging sectors had the highest gain over the session while chemical, disruption-hit fuel refineries, telecommunication, and power distribution stocks suffered the largest losses. 

Out of 348 scrips traded in the DSE, 57 advanced, 127 declined and prices of 164 securities remained unchanged. 

Meanwhile, the Chittagong Stock Exchange registered a marginal gain at the end of the session. 

Notwithstanding that the indices closed in green, trading at the port city bourse came down to Tk13 crore on Monday from Tk15 crore in the previous session.