Loading...

Stocks slip again as bearish trend continues

FE Online Report | Published: January 09, 2018 15:11:59 | Updated: January 11, 2018 10:38:47


Stocks ended mostly lower Tuesday, extending the losing streak for fourth days, as bearish trend captured the markets.

Dealers said the market closed lower as cautious investors booked profits of sector-wise large-cap stocks.

Following the previous day’s marginal losses, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on negative note and the slide continued till the end of the session.

DSEX, the prime index of the DSE, slipped 11.97 points or 0.19 per cent to close at 6,198. The DSE Shariah Index (DSES) also lost 3.22 points or 0.23 per cent to finish at 1,391.

However, the DS30 index, comprising blue chips, advanced 1.33 points or 0.05 per cent to close at 2,262.

Turnover, the crucial indicator of the market, stood at Tk 4.48 billion, which was 6.07 per cent higher than the previous day’s turnover of Tk 4.77 billion.

Losers took a marginal lead over the gainers as out of 335 issues traded, 154 issues closed lower, 113 closed higher and 68 remained unchanged on the DSE trading floor.

Dragon sweater and spinning limited topped the day’s turnover chart with 8.91 million shares of Tk 193 million changing hands, closely followed by united power generation distribution co ltd, Paramount Textile, Brac Bank and Square pharma.

The port city bourse – the Chittagong Stock Exchange – (CSE) also ended lower with CSE All Shares Price Index of – losing 52 points to finish at 19,176.

The Selective Categories Index of the port city bourse -- CSCX – also fell 32 points to settle at 11,586.

Losers beat gainers as 121 issues closed lower, 76 closed higher and 32 issues remained unchanged on the CSE.

The port city bourse traded 7.16 million shares and mutual fund units worth Tk 207 million in turnover.

Share if you like