Dhaka, Friday

27 May 2022

Business Insider Bangladesh

Dhaka stocks go ski jumping in last hour

BI Report || BusinessInsider

Published: 18:04, 10 May 2022   Update: 19:20, 10 May 2022
Dhaka stocks go ski jumping in last hour

Photo: Representational

Dhaka stocks began on a positive note on Tuesday and the trend continued for more than three hours as the prices of most of the scripts gained.

After that huge sale pressure came in from some quarters that dragged the markets down after two days of increase.

DSEX, the prime index of the bourse, ended the day 32 points or 0.48 percent lower to 6,665 as losers beat winners.

Among other indices, the shariah-based DSES decreased by 5.24 points or 0.36 percent and the blue-chip DS30 declined by 13.62 points or 0.55 percent.

However, the turnover exceeded Tk 1,200 crore for the second straight day. The Tuesday’s turnover rose to Tk 1,258 crore, up from Tk 1,203 crore in the previous session.

DSEX rose 28 points in the first 30 minutes of the trading and the positive trend lasted more than three hours.

At 1pm, the index was 14 points higher than the previous day. But after that sudden selling pressure came in that pushed the markets down.

At 2:23pm, seven minutes before session closure, DSEX fell 59 points. But the index ended the day 32 points lower.

Shares of the 380 companies traded on the day, of which 130 witnessed an increase, 205 lost and 45 remained unchanged.

Beximco Limited was the most-traded by value on the DSE with Tk 36.96 crore transactions on the day.

JHRML, which was in the second place, had a turnover of Tk 36.80 crore and Shinepukur Ceramics was in the third place with a transaction of Tk 36.55 crore.

Among the companies on the list of top 10-traded shares were Eastern Housing, Unique Hotel, IPDC, GPH Ispat, Orion Pharma, Provati Insurance, and GSP Finance.

The textile sector rose to the top position in terms of turnover. The total turnover in this sector was Tk 214 crore, which was 17.86 percent of the total turnover.

The pharmaceuticals and chemicals sector was at the second-highest position of turnover with shares worth Tk 138.7 crore changing hands.

Meanwhile, the overall index CASPI of the Chittagong Stock Exchange (CSE) declined 107 points to 19,531, and securities worth Tk 47.48 crore were traded on the day.