Stocks saw a moderate correction on Wednesday, snapping a four-day winning streak, as risk-averse investors opted for booking profits on quick-gaining stocks.
DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 15.32 points or 0.23 per cent to settle at 6,771.
Turnover, a crucial indicator of the market, stood at Tk 24.66 billion on the country’s premier bourse, which was 7.78 per cent lower than the previous day’s turnover of Tk 26.73 billion.
The average daily turnover maintained above Tk 24 billion in the last 11 consecutive sessions on the DSE as both the high net worth individual and institutional investors were active on the trading floor.
Losers took a strong lead over the gainers, as out of 374 issues traded, 216 declined, 138 advanced and 20 remained unchanged on the DSE trading floor.
Beximco - the flagship company of Beximco Group-topped the turnover list with shares worth Tk 1.30 billion changing hands, followed by IFIC Bank (Tk 750 million), LankaBangla Finance (Tk 628 million), Orion Pharma (Tk 529 million) and LafargeHolcim Bangladesh (Tk 489 million).
Shahjibazar Power Company was the best performer, posting a gain of 9.79 per cent, closely followed by Orion Infusion Ltd, Metro Spinning Ltd, HRTextile Ltd, South Bangla Agriculture & Commerce Bank Limited, Pioneer Insurance Company Ltd, Anlimayarn Dyeing Ltd, Monno Agro & General Machinery Limited, Miracle Industries Ltd and City General Insurance Co Ltd.
The Chittagong Stock Exchange also ended marginally lower with its All Shares Price Index (CASPI)—shedding 21 points to finish at 19,746 while the Selective Categories Index – CSCX losing 10 points to close at 11,840.
Of the issues traded, 172 declined, 125 advanced and 31 issues remained unchanged on the CSE.
The port city bourse traded 44.23 million shares and mutual fund units with a turnover value of Tk 924 million.