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DSE, CSE slip back into the red

FE Online Report | Published: February 05, 2019 15:19:41 | Updated: February 06, 2019 11:17:57


Stocks slipped back into the red on Tuesday, after a single-day break, as investors opted for profit-motivated sell-offs.

Analysts said the market faced late hours’ selling pressure as investors opted for profit booking in micro cap and mini-cap securities.

Following the previous day’s positive trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 6.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 25 points at 10:45am.

After that it started decline as cautious investors went on selling shares and the downward trend continued till end of the session.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,800, losing 27.82 points or 0.47 per cent over the previous day.

The DSES (Shariah) index also lost 2.15 points to settle at 1,317 points. However, the DS30 index, comprising blue chips, advanced 3.02 points to finish at 2,021.

Turnover, another important indicator of the market, also fell to one month low to Tk 7.06 billion, which was 20.58 per cent lower than the previous day’s turnover of Tk 8.89 billion.

The losers took a strong lead over the gainers, as out of 347 issues traded, 214 closed lower, 104 ended higher and 29 remained unchanged on the DSE trading floor.

United Power topped the day’s turnover chart with 1.38 million shares worth Tk 554 million changing hands, closely followed by Monno Ceramic, Bangladesh Submarine Cable Company, Simtex Industries and Premier Bank.

The port city bourse also backed to the red with the CSE All Share Price Index – CASPI – losing 132 points to settle at 17,723 while the Selective Categories Index – CSCX –shedding 79 points to finish at 10,720.

Here too, the losers beat the gainers as 187 issues ended lower, 66 higher and 27 remained unchanged.

The port city bourse traded 8.60 million shares and mutual fund units worth more than Tk 251 million in turnover.

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