Stock investors fall for profit booking trends

Investors went for booking gains as the stock market plunged today and prices did not see major flying high insurance insurance stocks.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped from 6.036 to 30.58 points or 0.50 percent.

Turnover of DSE, an important indicator of the market, fell by Rs 2,062 crore.

Most of the insurance stocks are submerged today, which has risen sharply in the last few weeks.

Stocks of 159 companies on the overseas stock market, 192 rose and 21 remained the same.

Bangladesh Industrial Finance Company topped the list of beneficiaries 10 percent rose followed by Percent Paper Processing and Packaging Company, Bangladesh Monospool Paper Manufacturing and Shurwid Industries.

Paper Processing and Bangladesh Monospool Paper have topped the list of ‘Top Beneficiaries’ after returning to the main market from Over Market Counter (OTC).

Dhaka Insurance is mostly followed by GBB Power, Global Insurance, Bangladesh General Insurance, and National Feed Mills at 11.49 per cent.

The Chittagong Stock Exchange (CSE) also fell yesterday. CASPI, the port city overseas stock market general index, fell 56 points, or 0.32 percent, to 17,528.

Of the 322 trade stocks, 144 were advanced, 156 improved and 22 remained unchanged.

About Barbara Marron

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