Bangladesh
4 months ago

Stocks end day's trade on negative note

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Stocks ended lower on Tuesday as jittery investors are trading cautiously ahead of earnings disclosures of June closing companies.

The prime index of the Dhaka Stock Exchange (DSE) decreased 30.17 points to settle at 5,681.60.

A section of investors are optimistic about the return of good governance in the market as the massive reforms are underway in the financial sectors, including the capital market while some are rebalanced their portfolios ahead of earnings disclosures of June closing companies.

The blue-chip index DS30, a group of 30 prominent companies, saw a 16.92 point decrease to 2068.61, while the DSES Index, which represents Shariah-based companies, saw an 8.49 point decrease to 1,238.19.

Turnover, a crucial indicator of the market, stood at Tk 6.35 billion, down 5.08 per cent from the previous trading day.

The majority of the stocks saw a price decrease, as out of the 401 issues traded, 156 closed higher, 182 ended lower, and 63 remained unchanged on the DSE trading floor.

Sonali Aansh Industries was the most-traded stock with shares worth Tk 218.68 million changing hands, followed by Linde Bangladesh, Sea Pearl Beach Resort & Spa, British American Tobacco Bangladesh and Orion Infusion.

The Chittagong Stock Exchange (CSE) ended lower with its All Share Price Index (CASPI) losing 41.66 points to settle at 16077 and the Selective Categories Index (CSCX) losing 28.1 points to settle at 9689.

The port city bourse traded 2.60 million shares and mutual fund units with a turnover volume of Tk 109.12 billion.

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