Stocks end lower amid thin participation

English Slider


 Stocks closed lower Sunday extending the losing spell for the third day in a row with thin participation of investors, as most of the investors followed cautious stance.

The market opened with a mixed trend. As the session progressed, the investors intensified their selling spree.

By the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 30.72 points or 0.67 per cent to settle at 4,536.84.

Two other indices also ended in the red. The DS30 index, comprising blue chips, fell 16.27 points or 0.93 per cent to finish at 1,736.93. The DSE Shariah Index shed 4.85 6.97 points or 0.62 per cent to close at 1,108.25.

Turnover, another important indicator of the market, fell further and the total turnover amounted to Tk 4.24 billion on the premier bourse, which was 7.62 per cent lower than the previous session’s Tk 4.59 billion.

The losers took a strong lead over the gainers as out of 322 issues traded, 198 closed lower, 83 higher and 41 remained unchanged on the DSE trading floor.

Bangladesh Steel Re-rolling Mills dominated the turnover chart with shares worth Tk 265 million changing hands followed by LankaBangla Finance, Singer Bangladesh, ONE Bank and IFAD Autos.

BSRM was also the day’s best performer, posting a rise of 9.47 per cent while Nitol Insurance was the worst loser, slumping by 6.88 per cent.

The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index, CSCX, shedding 64.05 points to finish at 8,502.27 points.

Losers beat gainers as 141 issues closed lower, 63 higher and 33 remained unchanged on the CSE.
The port city bourse traded 9.98 million shares and mutual fund units worth above Tk 288 million in turnover.

Leave a Reply

Your email address will not be published. Required fields are marked *