Dhaka stocks slip into red after choppy trading

FE Online Report | Published: October 07, 2018 16:31:20 | Updated: October 08, 2018 12:08:08


Dhaka stocks witnessed a marginal fall on Sunday as risk-averse investors opted for booking profit on sector-wise stocks.

Analysts said a section investors sold shares on sector specific stocks for booking profits, taking the market in the negative territory for the second day in a row.

Following the previous day’s mils correction, the market opened higher and the key index of the major bourse rose about 17 points within 10 minutes of trading. But rest of session went down amid modest volatility.

At the end of the session, DSEX, the prime index of the DSE, settled at 5,410, losing 7.46 points or 0.13 per cent over the previous day.

However, two other indices closed marginally higher. The DS30 index, comprising blue chips, advanced 3.88 points to finish at 1,902 and the DSE Shariah Index gained 6.41 points to close at 1,257.

Turnover, the most important indicator of the market, however, rose to Tk 8.44 billion, which was 11 per cent higher than the previous session’s Tk 7.60 billion.

A total number of 159,675 trades were executed in the day’s trading session with trading volume of 187 million securities.

The market capitalisation of the DSE stood at Tk 3,897 billion on the day which was Tk 3,895 billion in the previous session.

The losers took a modest lead over the gainers as out of 341 issues traded, 183 closed lower, 120 ended higher and 38 issues remained unchanged on the DSE trading floor.

Khulna Power Company topped the DSE turnover chart again with 7.21 million shares worth Tk 985 million changing hands.

The other turnover leaders were United Power, BBS Cables, Active Fine Chemicals and Singer Bangladesh.

ML Dyeing was the day’s best performer, posting a gain of 9.95 per cent while Meghna Cement was the worst loser, losing 8.87 per cent.

However, the port city’s bourse, the Chittagong Stock Exchange (CSE), ended marginally higher with its CSE All Share Price Index – CASPI –advancing 35 points to settle at 16,695 and the Selective Categories Index - CSCX –gaining 21 points to finish at 10,112.

The losers beat gainers as 124 issues closed lower, 105 ended higher and 21 remained unchanged on the CSE.

The port city bourse traded 9.88 million shares and mutual fund units worth more than Tk 311 million in turnover.

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