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DSE, CSE edge down after bumpy ride

| Updated: October 24, 2018 14:18:19

Stocks end lower after bumpy ride

Stocks inched down on Thursday after volatile trading as investors were mostly followed cautious stance amid ongoing dividend declaration session.

Market operators said some investors were active on sector-wise stocks in the early trading while some sold shares later part of the session, taking the market in flat territory.

The market opened on upbeat note and the key index gained more than 38 points within first hour of trading. But rest of the session went down amid choppy trading.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,436, losing 1.14 points or 0.02 per cent over the previous day.

The DSE Shariah Index fell sharply by 8.70 points or 0.17 per cent to settle at 1,265. However, the DS30 index, comprising blue chips, advanced 3.36 points to end at 1,925 points.

Turnover, another important indicator of the market, fell to Tk 6.45 billion, which was nearly 20 per cent lower over the previous day’s Tk 8.02 billion.

A total number of 133,711 trades were executed in the day’s trading session with trading volume of 147.52 million securities.

The market capitalisation of the DSE stood at Tk 3,908 billion on the day which was Tk 3,912 billion in the previous session.

The losers took a modest lead over the gainers as out of 337 issues traded, 156 closed lower, 117 ended higher and 64 issues remained unchanged on the DSE trading floor.

Summit Power dominated the DSE turnover chart with 11.73 million shares worth Tk 594 million changing hands.

The other turnover leaders were Khulna Power Company, United Power, Beximco and Dragon Sweater.

The Peninsula Chittagong was the best performer, posting a gain of 9.78 per cent while Information Services Network was the worst loser, losing 8.99 per cent.

The Chittagong Stock Exchange (CSE) also ended almost flat with its CSE All Share Price Index – CASPI –losing 3.05 points to settle at 16,777 and the Selective Categories Index - CSCX – shedding 1.39 points to finish at 10,164.

The losers beat gainers as 96 issues closed lower, 92 ended higher and 37 remained unchanged on the CSE.

The port city bourse traded 9.65 million shares and mutual fund units worth more than Tk 291 million in turnover.


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