Stocks break 11-day winning streak with correction

Stocks on Monday broke its 11-day winning streak with correction.

The market opened on an upward trend and the key index of the prime bourse rose more than 35 points within the first 30 minutes but DSEX went down by 12.10 points or 0.26 per cent to close at 4533.

The DS30 index, comprising blue chips, advanced 3.79 points to finish at 1,544 and the DSE Shariah Index rose 5.60 points to close at 1,063.

Turnover remained high and amounted to Tk 10.48 billion on the country’s premier bourse, which was 7.0 per cent lower than the previous day’s mark of Tk 11.28 billion.

The Chittagong Stock Exchange closed a mixed trend with its All Shares Price Index (CASPI)—gaining 7.05 points to close at 12,889 and the Selective Categories Index - CSCX –shedding 0.86 points to finish at 7,800.

Of the issues traded, 113 gained, 144 declined and 26 remained unchanged on the CSE.

The port city bourse traded 18.34 million shares and mutual fund units with a turnover value of Tk 598 million.