Stocks inch down after bumpy ride

FE Online Report | Published: August 06, 2018 15:52:42 | Updated: August 07, 2018 18:08:52


Stocks inched lower on Monday after volatile trading as investors remained cautious stance.

Brokers said the market finished flat as a section of investors continued on profit booking tendency while some others were busy rebalancing portfolio after quarterly earnings declarations.

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After witnessing volatility, DSEX, prime index of Dhaka Stock Exchange (DSE), went down by 3.61 points or 0.06 per cent to settle at 5,353.

The DSE Shariah Index also fell 2.87 points to close at 1,249.

However, the DS30 index, comprising blue chips, advanced 2.26 points to finish at 1,889.

Trading activities remained almost the same over the last session as the total turnover stood at Tk 6.39 billion, which was 3.0 per cent lower than the previous day’s Tk 6.59 billion.

The losers took a modest lead over the gainers as out of 335 issues traded, 187 declined, 108 advanced and 40 issues remained unchanged on the DSE trading floor.

Aman Cotton Fibrous, which made debut trading today, topped the turnover chart with 7.08 million shares worth Tk 518 million changing hands, followed by United Power, Dragon Sweater, Saiham Textile and Brac Bank.

A total number of 166,187 trades were executed in the day’s trading session on the DSE with trading volume of 175.13 million securities.

The market capitalisation of the DSE rose to Tk 3,842 billion on the day which was Tk 3,847 billion in the previous session.

The port city bourse CSE also finished lower with its CSE All Share Price Index – CASPI – losing 52 points to settle at 16,439 and the Selective Categories Index - CSCX – falling 32 points to finish at 9,949.

The losers beat gainers 138 issues closed lower, 78 ended higher, with 26 issues remained unchanged on the CSE.

The port city bourse traded 9.74 million shares and mutual fund units worth more than Tk 356 million in turnover.

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