DSE ends slightly lower after choppy trading

FE Online Report | Published: August 30, 2018 15:25:12 | Updated: September 03, 2018 12:05:45


The Dhaka Stock Exchange (DSE) ended slightly lower on Thursday amid volatile trading as investors went on late hours profit booking selling spree.

Analysts said the market edged down as some investors continued to book profits on sector-wise stocks.

The market opened on positive note and the core index of the prime bourse rose about 28 points within first hours of trading. But failed to stay positive trend as the session progressed.

At the end of the session, DSEX, the prime index of the DSE, went down by 2.61 points or 0.04 per cent to settle at 5,600 points.

The two other indices—the DS30 index and the DSE Shariah Index (DSES)—also closed in the red.

The DS30 index, comprising blue chips, fell 7.09 points to finish at 1,960 and the DSE Shariah Index lost 0.48 points to close at 1,269.

The trading activities, however, continued to increase as total turnover on the Dhaka bourse stood at Tk 7.22 billion, which was 14 per cent higher than the previous day’s turnover of Tk 6.33 billion.

Of the 333 issues traded on the DSE trading floor, 165 closed lower, 117 issues ended higher and 51 issues remained unchanged.

A total number of 145,231 trades were executed in the day’s trading session on the DSE with trading volume of 208.38 million securities.

The market capitalisation of the DSE came down to Tk 3,962 billion on the day which was Tk 3,964 billion in the previous session.

Khulna Power Company topped the DSE turnover chart with 5.42 million shares worth Tk 413 million changing hands.

The other turnover leaders were Saiham Textile, National Housing Finance, IPDC Finance and United Power.

Tosrifa Industries was the day’s best performer, posting a gain of 10 per cent while Savar Refractories was the worst loser, losing 6.32 per cent.

However, the port city bourse, the Chittagong Stock Exchnage (CSE), closed marginally higher with its CSE All Share Price Index – CASPI – advancing 7.98 points to settle at 17,244 and the Selective Categories Index - CSCX –gaining 3.39 points to finish at 10,443.

The losers, however, beat gainers as 119 issues closed lower, 101 ended higher, with 32 issues remaining unchanged on the CSE.

The CSE traded 10.68 million shares and mutual fund units worth more than Tk 645 million in turnover.

babulfexpress@gmail.com

Share if you like