DSE, CSE slip into red after two days

Stocks slipped into the red on Thursday, snapping the two-day gaining streak, as investors sold shares to pocket some profits.

The market started on positive note and the key index of the prime bourse rose about 22 points within first 10 minutes of trading. Rest of the session went down steadily.

At the end of the session DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 20.33 points or 0.37 per cent to settle at 5,358.

The DS30 index, comprising blue chips, also fell 8.56 points to settle at 1,906 points.

However, the DSE Shariah Index saw a fractional gain of 0.38 point to close at 1,267.

Turnover, the most important indicator of the market, also came down to Tk 8.53 billion, which was 23 per cent lower than the previous session’s eight months highest turnover of Tk 11.15 billion.

Of the traded issues, 222 declined, 91 advanced and 25 issues remained unchanged on the DSE trading floor.

Singer Bangladesh topped the DSE turnover chart with shares worth Tk 436 million changing hands, closely followed by United Power, KDS Accessories, BBS Cables and Monno Ceramic Industries.

The port city bourse CSE also ended lower with its CSE All Share Price Index – CASPI – shedding 123 points to settle at 16,513 and the Selective Categories Index - CSCX – losing 74 points to finish at 9,994.

Here too, losers beat gainers as 181 issues closed lower, 64 ended higher, with 14 issues remained unchanged on the CSE.

The port city bourse traded 12.62 million shares and mutual fund units worth more than Tk 481 million in turnover.

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