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POST TIME: 7 October, 2019 00:00 00 AM
Stocks open week with downturn
BSS, Dhaka

Stocks open week with downturn

Country’s capital bourse, Dhaka Stock Exchange (DSE) edged down yesterday in the first trading day of this week, as the pessimist investors’ participation continued since past few days.

The broad index, DSEX closed in red at 4916.68 points with a loss of 21.13 points or 0.42 per cent from the previous day.

In addition, the two selective indices, DSE30 declined by 7.56 points while the Shariah index, DSES decreased by 2.25 points to stand at 1747.67 points and 1134.10 points respectively.

On the DSE trading floor, a total number of 99,806 trades were executed in today’s trading session with a trading volume of 101.46 million securities generating a turnover of Tk 3072.20 million.

Losers took a strong lead over the gainers as out of 354 issues traded, 90 securities gained price while 213 declined and 51 remained unchanged. Investors’ exerted selling pressure on fuel and power, bank and life insurance sectors.

Meanwhile, market turnover has decreased by 6.5 per cent from last session to close at Tk 3.07 billion.

Sector wise performance exposed that paper (2.8 per cent), travel (0.6 per cent) and it (0.5 per cent) experienced highest price appreciation while jute (-3.5 per cent), mutual fund (-1.8 per cent) and fuel and power (-1.8 per cent) sectors experienced highest price correction in yesterday’s session.

Engineering, pharma and fuel and power sectors topped the turnover by contributing 20.2 per cent, 13.8 per cent and 10.2 per cent of the total respectively, according to EBL Securities.

The top 10 gainers were National Tubes, ICB Employee Mutual Fund, First Scheme, Alif Industries, Shurwid Industries, NCCB Mutual Fund 1, Usmania Glass, Prime Tex, CVO PRL, Intraco Refueling and Standard Insurance.

National Tubes topped the turnover chart followed by Beacon Pharma, Standard Ceramics, SEML FBSL Growth Fund, Wata Chemical, BSCCL, Monno Stafflers, Summit Power, Atlas Bangla and Sonarbangla Insurance.

The top ten losers were SEML FBSL Growth Fund, Zealbangla Sugar Mills, Asian Tiger, SEML IBBL Shariah Fund, CAPM BDBL Mutual Fund, Dulamia Cotton, Prime Finance First Mutual Fund, Standard Ceramics, Vanguard AML BD Mutual Fund 1 and Tallu Spinning.

Besides, the port city bourse, Chittagong Stock Exchange (CSE) registered a downbeat maintaining the previous day. CSCX and CASPI decreased by

35.99 points and 56.43 points to stand at 9086.93 points and 14966.03 points respectively.

At CSE, a total of 4,889,022 shares and mutual fund of 250 companies were traded, of which 69 issues advanced while 146 declined and 35 issues remained unchanged.