Stocks extend down beat

Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) closed today extending negative note due to profit booking sell off.

DSEX, the key index of DSE, went down by 15.94 points or 0.32 per cent to settle at 4,883.70. However, two other indices edged higher. The DS30 index, comprising blue chips, advanced 7.10 points to finish at 1,710.43 and the DSE Shariah Index gained 2.72 points to close at 1,115.53.

Turnover, a crucial indicator of the market, stood at Taka 9.75 billion, which was 5.40 per cent higher than the previous day’s turnover of Taka 9.25 billion.

Losers took a strong lead over the gainers as out of 353 issues traded, 186 ended lower, 79 closed higher while 88 issues remained unchanged on the DSE trading floor.

A total number of 175,696 trades were executed in the day’s trading session with a trading volume of 488.72 million shares and mutual fund units.

The market capitalisation of DSE also fell to Taka 3,969 billion, from Taka 3,980 billion in the previous session.

Beximco Pharma continued to dominate the turnover chart, followed by Beximco, Trust Bank First Mutual Fund, Eastern Insurance and Brac Bank.

Phoenix Finance First Mutual Fund was the day’s best performer, posting a gain of 10 per cent while Bangladesh Shipping Corporation was the worst loser, losing 9.93 per cent.

The Chittagong Stock Exchange (CSE) also ended marginally lower with its All Shares Price Index (CASPI)—losing 58 points to close at 14,007 while the Selective Categories Index – CSCX shedding 31 points to close at 8,434.

Of the issues traded, 145 advanced, 69 declined and 48 remained unchanged on the CSE.

The port city bourse traded 17.32 million shares and mutual fund units with turnover value of Taka 293 million.

Source: BSS