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DSE, CSE slip back to red with low turnover

FE Online Report | Published: May 20, 2019 15:47:34 | Updated: May 22, 2019 10:51:59


Stocks slipped back into the red on Monday, after a single-day break, as investors booked profits with on major sectors’ shares.

Market analysts said the stock market came back to the red after adding 140 points in last two consecutive sessions amid profit booking sell pressure from the shaky investors.

A leading broker said the investors opted to book quick gain on shares that witnessed price surges over the last few sessions.

The market opened on negative note and the downward trend continued until end of the session amid modest volatility.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,276, losing 59.55 points or 1.11 per cent after adding 140 points in the past two sessions.

Two other induces also edged lower. The DS30 index, comprising blue chips, fell 16.48 points to finish at 1,833 and the DSE Shariah Index shed 15.96 points to close at 1,199.

Turnover, another important indicator of the market, also fell to Tk 3.87 billion, which was 12.6 per cent lower than the previous day’s turnover of Tk 4.43 billion.

The losers took a strong lead over the gainers as out of 342 issues traded, 262 declined, 50 advanced and 30 issues remained unchanged on the DSE trading floor.

A total number of 77,373 trades were executed in the day’s trading session with trading volume of 131.86 million securities.

The market capitalisation of the DSE came down to Tk 3,871 billion on Monday, from Tk 3,902 billion in the previous session.

Brac Bank topped the turnover chart again with 6.88 million shares worth Tk 400 million changing hands.

The other turnover leaders were SK Trims Industries, Fortune Shoes, Bank Asia and IFIC Bank.

SK Trims was the day’s best performer, posting a gain of 4.54 per cent while Al-Arafah Islami Bank was as the worst loser, losing 9.25 per cent.

The port city bourse, Chittagong Stock Exchange, also slipped into the red with its CSE All Share Price Index – CASPI –shedding 204 points to settle at 16,102 and the Selective Categories Index - CSCX –losing 122 points to finish at 9,748.

Here too, the losers beat gainers, as 166 issues closed lower, 46 ended higher and 27 remained unchanged on the CSE trading floor.

The port city bourse traded 5.20 million shares and mutual fund units worth nearly Tk 107 million in turnover.

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