Dhaka stocks break five-day gaining streak

FE Online Report | Published: August 27, 2018 15:32:00 | Updated: August 29, 2018 10:37:36

Dhaka stocks slipped into the red on Monday, snapping a five-day gaining streak, as risk-averse investors opted to book some profits.

Following the previous five days’ upward movement, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note amid low trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 9.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 32 points at 10:45am.

After 30 minutes of trading, the DSEX rose more than 13 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 40 points at 11:00am.

After that it started to decline and the DSEX fell nearly 12 points at closing.

DSEX, the prime index of the DSE, settled at 5,585, losing 11.94 points or 0.21 per cent, after adding 218 points in the past five consecutive sessions.

However, two other indices of the DSE stayed in the positive zone. The DS30 index, comprising blue chips, advanced 3.10 points to finish at 1,964 and the DSE Shariah Index saw a fractional gain of 0.54 points to close at 1,272.

Turnover, the most important indicator of the market, rose to Tk 5.32 billion, which was nearly 27 per cent higher than the previous session’s Tk 4.20 billion.

A total number of 127,461 trades were executed in the day’s trading session with trading volume of 160.98 million securities.

The market capitalisation of the DSE rose to Tk 3,944 billion on the day which was Tk 3,940 billion in the previous day.

The losers took a modest lead over the gainers as out of 334 issues traded, 155 declined, 145 advanced and 34 issues remained unchanged on the DSE trading floor.

Beximco topped the DSE turnover chart with shares worth Tk 320 million changing hands, closely followed by Active Fine Chemicals, United Power, BBS Cables and LankaBangla Finance.

KDS Accessories was the day’s best performer, posting a gain of 9.96 per cent while Zeal Bangla Sugar Mills was the worst performer, losing 5.34 per cent.

However, the port city bourse CSE ended slightly higher with its CSE All Share Price Index – CASPI –advancing 15 points to settle at 17,226 and the Selective Categories Index - CSCX – gaining 7.74 points to finish at 10,430 points.

The gainers beat losers as 123 issues closed higher, 98 ended lower and 24 remained unchanged on the CSE.

The port city bourse traded 9.33 million shares and mutual fund units worth more than Tk 254 million in turnover.


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