|
Agency Stocks ended lower Monday, driven by sell-offs.
Investors bet on insurers, non-bank financial institution and mutual fund majors but sold off the shares of pharmaceuticals and banks, according to an official with brokerage house IDLC Securities.
State-run oil entities and power shares were also at the heart of trading, added the official.
Turnover and the trading volume on the Dhaka bourse also fell from the previous day.
Market observers said investors were into mixed buying and selling to cope with a liquidity crisis.
"Investors are going for a mixed portfolio now a day rather than betting on specific sectors," investment consultant Bashir Ahmed told bdnews24.com.
He said the liquidity crisis led investors to take such a stand.
"Margin loans are not flowing in now as merchant banks take a cautious stand issuing them," added Bashir, who is with brokerage house Stocks & Bonds.
The DGEN or general index rose on the opening bell until the first hour before maintaining a downward curve afterwards to lose 5.66 points or 0.18 percent to close at 3081.37.
The DSI or all-share price index ended on 2604.05, falling 5.39 points or 0.20 percent from the previous day.
The bourse's blue chip DSE-20, however, finished 10.23 points or 0.43 percent higher at 2385.71.
Turnover amounted to Tk 2.99 billion from 14,994,280 shares changing hands.
Of the traded issues, 77 gained and 151 lost, with 18 issues holding steady.
AB Bank topped the turnover board and fell 1.80 percent to Tk 4219.25.
Market major Square Pharmaceuticals ended on Tk 4877.50, up 3.04 percent.
Union Capital rose on buying pressure to close 12.37 percent higher at Tk 105.30 while state-owned Jamuna Oil ended 3.58 percent lower on Tk 247.40.
Profit-taking led UCBL to finish at Tk 5195.75, down 4.16 percent.
Among the other scrips on the turnover board, state-run Padma Oil, Fareast Life Insurance, Heidelberg Cement and Summit Power advanced.
Apex Tannery declined after investors locked in profits.
Indices on the Chittagong Stock Exchange also ended lower, despite gains in insurance, pharmaceuticals and chemicals and footwear shares.
Total turnover and trading volume recorded a slight increase from the previous day.
The CSCX or selective categories index fell 35.46 or 0.63 percent to 5548.93 while the CASPI or all-share price index ended on 8601.21, losing 49.18 points or 0.56 percent.
The CSE-30 blue-chip index lost 18.40 points or 0.24 percent to 7593.78.
Turnover on the port city's bourse reached to Tk 394.83 million from 2,705,157 traded shares.
|
News 
RSS