Stocks break gaining streak

Stocks on Tuesday witnessed a downward trend after showing four days positive trend as risk-averse investors went for short-term profit booking on sector-specific shares.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 23.95 points or 0.46 per cent to settle at 5,123.06. Two other indices also edged lower. The DS30 index, comprising blue chips, lost 7.16 points to finish at 1,806.04 and the DSE Shariah Index fell 6.97 points to close at 1,185.53.

Turnover, a crucial indicator of the market, remained almost the same and amounted to 9.72 billion taka which was 9.79 billion taka in the previous day.

Losers took a modest lead over the gainers, as out of 356 issues traded, 159 ended lower, 125 higher and 72 issues remained unchanged on the DSE trading floor.

Beximco Pharma topped the turnover chart with 4.59 million shares worth 731 million taka changing hands, followed by Beximco, Bangladesh National Insurance, Rupali Insurance and Bangladesh Submarine Cable.

CAPM IBBL Islamic Mutual Fund was the day’s best performer, posting a 10 per cent gain while Tung Hai Knitting was the worst loser, losing 5.71 per cent.

The Chittagong Stock Exchange (CSE) also ended lower with its All Shares Price Index (CASPI)-losing 62 points to close at 14,723 while the Selective Categories Index – CSCX shedding 36 points to close at 8,869.

Of the issues traded, 125 declined, 98 advanced and 56 remained unchanged on the CSE.

The port city bourse traded 15.11 million shares and mutual fund units with a turnover value of nearly 444 million taka.

Source: BSS