Stocks end marginally lower amid high turnover

FE Online Report | Published: July 09, 2018 16:02:25 | Updated: July 11, 2018 11:11:26


Stocks ended marginally lower on Monday as risk-averse investors were on selling spree on sector specific stocks.

Following the previous day’s flat movement, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid rising trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse rose more than 10 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 20 points at 10:45am.

After 30 minutes of trading, the DSEX gained more than 19 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 38 points at 11:00am.

After that it started to decline amid modest volatility. Finally, DSEX ended more than 24 points lower while CSE All Share Price Index fell 32 points at closing.

DSEX, the benchmark index of the DSE, settled at 5,341, losing 24.74 points or 0.46 per cent over the previous session.

The DS30 index, comprising blue chips, also fell 18.35 points or 0.95 per cent to finish at 1,910.

However, the DSE Shariah Index advanced 1.03 points to close at 1,268.

Turnover, the most important indicator of the market, rose to Tk 9.01 billion, which was 1.0 per cent higher than the previous session’s Tk 8.92 billion.

The losers took a modest lead over the gainers as out of 341 issues traded, 164 declined, 141 advanced and 36 issues remained unchanged on the DSE trading floor.

BBS Cables topped the DSE turnover chart with shares worth Tk 424 million changing hands, closely followed by Bashundhara Paper Mills, Legacy Footwear, Singer Bangladesh and Ratanpur Steel Re-rolling Mills.

The port city bourse CSE also ended marginally lower with its CSE All Share Price Index – CASPI – shedding 32 points to settle at 16,485 and the Selective Categories Index - CSCX – losing 19 points to finish at 9,974 points.

Here too, losers beat gainers as 118 issues closed lower, 102 ended higher, with 25 issues remained unchanged on the CSE.

The port city bourse traded 12.69 million shares and mutual fund units worth more than Tk 439 million in turnover.

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