August 10, 2022, 4:43 am

Abu Taher Bappa

2020-10-05 07:36:43 BdST

Stocks slip on profit booking

Stocks posted a marginal decline in early trading on Monday as risk-averse investors opted for booking profit on major sectors issues.

Following the previous day’s flat ending, the Dhaka Stock Exchange (DSE) opened on a positive note with the key index rose more than 12 points within the first 6 minutes of trading.

After that it started to decline. After 30 minutes of trading, the DSEX fell more than 8.0 points while the report was filed at 10:30am.

DSEX, the prime index of the DSE, went down by 8.10 points or 0.16 per cent to reach 4,989 points at 10:30am.

Two other indices also saw negative trends till then. The DS30 index, comprising blue chips, shed 6.82 points to reach at 1,700 and the Shariah Index (DSES) fell 3.16 points to reach 1,119 points till then.

Turnover, another important indicator of the market, stood at Tk 2.10 billion when the report was filed at 10:30am.

Market operators said a section of investors opted for booking profit on major sectors issues which saw significant gains in recent market upsurge.

Of the issues traded till then, 118 advanced, 131 declined and 67 remained unchanged.

Walton Hi-Tech Industries was the most traded stocks till then with shares worth Tk 256 million changing hands, closely followed by Asia Insurance, Sandhani Life Insurance, Rupali Insurance and Beximco.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw marginal fall till then with CSE All Share Price Index- CASPI-losing 5.14 points to stand at 14,280, also at 10:30am.

The Selective Categories Index – CSCX also fell 1.40 points to reach 8,577 till then.

Of the issues traded till then, 49 gained, 28 declined, and 16 issues remained unchanged with Tk 54 million in turnover.

Unauthorized use or reproduction of The Finance Today content for commercial purposes is strictly prohibited.

Popular Article from Stock Market