Stocks edge down, DSEX sinks below 5,600-mark again

Published: September 03, 2018 16:22:09 | Updated: September 13, 2018 12:01:46

Stocks finished marginally lower on Monday, with key index of the major bourse dipping below 5,600-mark again, as investors went on late hours profit booking spree.

Analysts said the market witnessed mild correction for the third straight day as some investors continued to book profits on sector-wise stocks.

The market opened on positive note and the benchmark index of the major bourse rose about 24 points within first hour of trading, but failed to stay positive amid selling pressure.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 10.21 points or 0.18 per cent to settle at 5,590.

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 1.04 points to finish at 1,959 and the DSE Shariah Index lost 4.77 points to close at 1,274.

Of the 334 issues traded on the DSE trading floor, 205 closed lower, 88 issues ended higher and 41 issues remained unchanged.

A total number of 137,319 trades were executed in the day’s trading session on the DSE with trading volume of 184.11 million securities.

The market capitalisation of the DSE reached to Tk 3,967 billion on the day which was Tk 3,962 billion in the previous session.

Khulna Power Company topped the DSE turnover chart for the second day in a row with 7.94 million shares worth Tk 654 million changing hands.

The other turnover leaders were United Power, BBS Cables, Unique Hotel & Resorts and Aman Feed.

Bangladesh Submarine Cables Compnay was the day’s best performer, posting a gain of 9.91 per cent while Jute Spinners was the worst loser, losing 9.96 per cent.

The port city bourse, the Chittagong Stock Exchange (CSE), closed marginally lower with its CSE All Share Price Index–CASPI–losing 40 points to settle at 17,203 and the Selective Categories Index - CSCX –shedding 24 points to finish at 10,418.

The losers beat gainers as 127 issues closed lower, 69 ended higher, with 30 issues remaining unchanged on the CSE.

The port city bourse traded 9.11 million shares and mutual fund units worth more than Tk 293 million in turnover.

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