Stocks fall after volatile trading

Staff Correspondent

14th September, 2020 09:51:39 printer

Stocks fall after volatile trading

Dhaka Stock Exchange slightly fell on Monday after volatile trading as investors were active on both sides of the trading fence throughout the session.

DSEX, the key index of the DSE, went down by 1.91 points or 0.04 percent to settle at 5,092.15.

The DS30 index, comprising blue chips, dropped 0.88 points or 0.05 percent to finish at 1,756.01 and the DSE Shariah Index declined by 0.24 points or 0.02 percent to close at 1,170.42.

Turnover stood at Tk 11.48 billion on the country’s prime bourse, which was 13.6 per cent lower than the previous day’s four-week high turnover of Tk 13.29 billion.

Of the issues traded, 143 advanced, 175 declined and 38 issues remained unchanged on the DSE floor.

A total number of 223,433 trades were executed in the day’s trading session with a trading volume of 425.39 million shares and mutual fund units.

The market-cap on the premier bourse, however, rose to Tk 3,852 billion on Monday, from Tk 3,846 billion in the previous session.

The pharmaceuticals sector continued to dominate the turnover chart with Beximco Pharma topped the chart with shares worth Tk 505 million changing hands, followed by Beximco, Brac Bank, Orion Infusion and Khulna Power.

Tosrifa Industries was the day’s best performer, posting a gain of 9.91 per cent, followed by Pravati Insurance, Meghna Life Insurance, Asia Insurance, Global Insurance, Pragati Insurance, Dhaka Insurance, Janata Insurance, Takkaful Insurance and Federal Insurance.

Fareast Finance was the worst loser, losing 9.61 per cent, followed by Shyampur Sugar Mill, Intek Limited, Union Capital, Khan Brothers PP, Global Heavy Chemical, IFIC Bank, Mozaffar Hossain Spinning Mill, Apolo Ishpat and Sonargaon.

The Chittagong Stock Exchange also edged down with its All Shares Price Index (CASPI)—losing 4.53 points to close at 14,523 and the Selective Categories Index – CSCX shedding 4.83 points to close at 8,727.

Of the issues traded, 114 gained, 124 declined and 34 remained unchanged on the CSE.

The port city bourse traded 18.95 million shares and mutual fund units with turnover value of Tk 390 million.