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DSE turnover hits nearly two-month low

CSE keeps losing amid volatile trading


FE Online Report | Published: September 15, 2019 17:30:43 | Updated: September 17, 2019 10:27:27


Stocks finished almost flat on Sunday, with turnover hitting nearly two-month low, as investors were mostly followed cautious stance.

DSEX, the prime index of the Dhaka Stock Exchange, went up by 8.34 points to settle at 4,942, snapping a recent sharp decline.

Market analysts said the bargain hunting by investors after stock prices fell sharply in recent bearish spell coupled with institutional support helped the market to closed green.

An analyst, however, said the prolonged bearish trend kept most of the investors in gloomy mood and they maintained cautious stance, taking the market turnover nearly two months low.

He noted that most of the investors maintained cautious approach amid lack of confidence, the government move to divert “idle funds” of state-owned entities, the telecom regulator’s wrangling with GP coupled with soaring non-performing loans etc.

The DS30 index, comprising blue chips, advanced 1.86 points to finish at 1,738. However, the DSE Shariah Index shed 2.54 points to close at 1,154.

A total number of 103,483 trades were executed in the day’s trading session with trading volume of 76.93 million shares and mutual fund units.

The market-cap of the DSE stood at Tk 3,695 billion on Sunday, from Tk 3,694 billion in the previous session.

Gainers took a modest over the losers as out of 352 issues traded, 184 closed higher, 118 ended lower and 50 remained unchanged on the DSE trading floor.

National Tubes topped the turnover chart with shares worth nearly Tk 323 million changing hands, followed by JMI Syringes, Beacon Pharma, Wata Chemicals and Legacy Footwear.

Global Insurance was also the day’s best performer, posting a gain of 10 per cent while Al-Haj Textile was the day’s worst loser, plunging by 9.98 per cent.

However, the port city’s bourse, the Chittagong Stock Exchange, kept losing with its All Shares Price Index (CAPSI) -- CASPI—shedding 8.46 points to close at 14,973 and the Selective Categories Index - CSCX – losing 4.0 points to finish at 9,091.

Here too, the gainers beat the losers as 122 issues closed higher, 94 lower and 39 remained unchanged on the CSE.

The port city bourse traded 4.20 million shares and mutual fund units worth nearly Tk 322 million in turnover.

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