Stocks red from profit booking

Staff Correspondent

9th September, 2020 11:28:27 printer

Stocks red from profit booking

Stocks witnessed a natural correction as some investors intended to realise the profit generated from the previous five days’ consecutive gain.

DSEX, the key index of the DSE, dropped 6.64 points or 0.13 percent to settle at 4,971.69.

The DS30 index, comprising blue chips, went down by 7.33 points or 0.42 percent to finish at 1,726.90 and the DSE Shariah Index fell 3.76 points or 0.33 percent to close at 1,146.45.

Turnover stood at Tk 10.78 billion on the country’s prime bourse, which was 9 percent lower than the previous day’s turnover of Tk 11.90 billion.

Of the issues traded, 165 advanced, 147 declined and 43 issues remained unchanged on the DSE floor.

A total number of 211,967 trades were executed in the day’s trading session with a trading volume of 367.34 million shares and mutual fund units.

The market-cap on the premier bourse also rose to Tk 3,763 billion on Wednesday, from Tk 3,750 billion in the previous session.

The pharmaceuticals sector continued to dominate the turnover chart with Beximco Pharma topped the turnover chart with shares worth Tk 1.04 billion changing hands, followed by Beximco, Brac Bank, Delta Brac Housing Finance Corporation and Square Pharma.

Asia Pacific Insurance was the day’s best performer, posting a gain of 10 per cent, followed by Paramount Textile, Pravati Insurance, Agrani Insurance, Fine Foods, International Leasing, Asia Insurance, Islami Insurance, Mercantile Insurance and Eastland Insurance.

Pragati Life Insurance was the worst loser, losing 9.93 per cent, followed by Shyampur Sugar, Jute Spinners, Zeal Bangla Sugar, Savar Refractories, Imam Button, Aftab Auto, Zahin Tex, Matin Spinning and Samata Leather.

The Chittagong Stock Exchange also slipped into the red with its All Shares Price Index (CASPI)—losing 24 points to close at 14,194 and the Selective Categories Index – CSCX shedding 22 points to close at 8,549.

Of the issues traded, 113 gained, 132 declined and 35 remained unchanged on the CSE.

The port city bourse traded 15.21 million shares and mutual fund units with turnover value of Tk 288 million.