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Stocks end four-day gaining streak

FE Online Report | Published: November 25, 2018 17:33:17 | Updated: December 04, 2018 12:42:53


Stocks ended lower on Sunday, snapping a four-day gaining streak, as investors booked some profits on sector-wise issues.

Market operators said investors booked profit on some specific stocks while some were busy with rebalancing their portfolio.

The market started on negative note and the downward trend continued till end of the session, eventually ended more than 29 points lower.

DSEX, the prime index of the Dhaka Stock Exchange, went down by 29.70 points or 0.55 per cent, closing the day at 5,276.

Two other indices—the DS30 index and the DSE Shariah Index (DSES)–also closed lower.

The DS30 index, comprising blue chips, fell 13.52 points to finish at 1,855 and the DSE Shariah Index lost 6.46 points to close at 1,221.

Turnover, another important indicator of the market, stood at Tk 5.69 billion, which was nearly 3.0 per cent higher than the previous day’s turnover of Tk 5.52 billion.

Of the traded issues, 184 declined, 110 advanced and 31 securities closed unchanged on the premier bourse.

A total number of 133,705 trades were executed in the day’s trading session on the DSE with trading volume of 124.78 million securities.

The market capitalisation of the DSE also fell to Tk 3,816 billion on the day which was Tk 3,830 billion in the previous session.

Khulna Power Company dominated the DSE turnover chart with 3.88 million shares worth Tk 268 million changing hands.

The other turnover leaders were Intech, SK Trims Industries and United Power. 

IT Consultants was the day’s best performer, posting a gain of 9.25 per cent while Kohinoor Chemicals was the worst loser, losing 19.14 per cent following its poor dividend declaration.

The port city bourse, the Chittagong Stock Exchange (CSE), also ended lower with its CSE All Share Price Index–CASPI–losing 98 points to settle at 16,185 and the Selective Categories Index - CSCX –shedding 62 points to finish at 9,812.

The losers beat gainers as 142 issues closed lower, 58 ended higher, with 26 issues remaining unchanged on the CSE.

The port city bourse traded 8.61 million shares and mutual fund units worth Tk 258 million in turnover.

 

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