The Financial Express

Stocks slip into red breaking two-day winning streak

| Updated: February 28, 2021 18:43:33

Stocks slip into red breaking two-day winning streak

The market slipped into the red on Sunday, breaking a two-day winning streak, as investors mostly followed cautious stance amid lack of market triggers.

The market opened on a positive note and the key index of the major bourse rose more than 35 points within the first hour of trading. But the rest of the session went down as investors remained confused about the market direction.

DSEX, the prime index of the DSE, went down by 11.59 points or 0.21 per cent to settle at 5,404, after adding about 100 points in the past two straight sessions.

Two other indices also saw marginal correction with the DSE 30 Index, comprising blue chips, lost 8.96 points to finish at 2,056 and the DSE Shariah Index (DSES) shed 3.03 points to close at 1,222.

Turnover, a crucial indicator of the market, came down to Tk 6.60 billion, which was 11.5 per cent lower than the previous day’s turnover of Tk 7.46 billion.

Anwar Galvanizing was the day’s best performer, gaining 9.99 per cent while Prime Finance was the worst loser, losing 6.08 per cent.

A total number of 134,579 trades were executed in the day’s trading session with a trading volume of 162.02 million shares and mutual fund units.

The market-cap of DSE also fell to Tk 4,657 billion on Sunday, down from Tk 4,669 billion in the previous session.

The Chittagong Stock Exchange (CSE) also ended marginally lower with the CSE All Share Price Index – CASPI –losing 46 points to settle at 15,603 and the Selective Categories Index – CSCX shedding 30 points to close at 9,410.

Of the issues traded, 80 declined, 75 advanced and 74 remained unchanged on the CSE.

The port city’s bourse traded 7.47 million shares and mutual fund units with a turnover value of Tk 244 million.

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