DSE, CSE end lower on bearish stance

FE Online Report | Published: November 21, 2017 15:24:25 | Updated: November 23, 2017 10:56:40

The Dhaka stock exchange (DSE) and the Chittagong Stocks Exchange (CSE) ended lower on Tuesday, as cautious investors booked profit on sector-wise stocks.

Market insiders said the risk-averse investors booked quick-profit on selective stocks on bearish stance, taking the market into the red zone.

The market started with a positive note which trend sustained till 11:23am, after that both of the bourses slipped marginally and the slide continued till the end of the day.

DSEX, the prime index of the DSE, settled at 6,282, after losing 37.25 points or 0.59 per cent over the previous session.

The two other indices -- the DS30 index and the DSE Shariah Index (DSES) – also followed the suit to close at 2,269 and 1,382 points, after shedding 17.39 points and 11.00 points respectively.

Bearish sentiment also reflected on the turnover activities as total turnover on the DSE came down to Tk 10.91 billion, which was Tk 0.67 billion lower than the previous day’s turnover.

The losers took a strong lead over the gainers as out of 330 issues traded, 164 closed lower, 132 closed higher and 34 remained unchanged on the DSE trading floor.

LankaBangla Finance topped the turnover chart, followed by AB Bank, Dhaka Bank, Shahjalal Bank, FAS Finance & Investment.

The port city bourse also ended lower with its Selective Categories Index - CSCX – losing 70 points to settle at 11,766.

Out of 242 issues, 104 issues closed lower, 112 closed higher, and 26 remained unchanged on the CSE floor.

The port city bourse traded 20 million shares and mutual fund units’ worth Tk 615 million in turnover.


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