Turnover crosses Tk1,000cr mark after four sessions
Market analysts said the upward trend of the indices was not sustained as investors sold their shares to book a quick profit
Stocks witnessed fall during Sunday's trading session despite the central bank's interest rate cut on stock investment funds for banks.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), declined by 7.16 points or 0.14% to 4,971.
However, the turnover of the DSE, a monumental indicator of the market, crossed the Tk1,000 crore-mark after four sessions.
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On Sunday at the end of trading, DSE turnover increased by 17% to Tk1,034 crore.
Market analysts said the upward trend of the indices was not sustained as investors sold their shares to book a quick profit.
Meanwhile, shares of Walton Hi-Tech Industries Limited continued to soar as its price closed at Tk609.50 on Sunday, soaring 7.50% over the previous session.
The local electronics giant's share price jumped Tk357.50 or 142% in just three straight sessions on issue price of Tk252 each.
Top negative index contributors were Grameenphone, British American Tobacco, National Life, Beximco, and Berger Paints, according to stock market data analyst amarstock.com.
The insurance sector dominated the turnover chart as Sandhani Life Insurance topped the turnover list with shares worth Tk43 crore.
Asia Pacific Insurance was the highest gainer with a 10% rise in its share price, while Ring Shine Textiles was the top loser. Ring Shine's share price went down 8.97% in the wake of its factory closure news.
The Chittagong Stock Exchange also ended marginally lower with its All Shares Price Index (CASPI) — losing 16 points to close at 14,193 while the Selective Categories Index – CSCX shredding 13 points to close at 8,510.
