Stocks go down further

18 October, 2019 12:00 AM printer

Country’s premier bourse, Dhaka Stock Exchange (DSE) edged down further on Thursday maintaining the trend of previous day following a gloomy appetite of investors.

The broad index, DSEX closed in red at 4770.99 points on Thursday with a loss of 10.63 points or 0.22 percent, reports BSS.

Besides, the two selective indices, DSE30 also declined by 6.44 points while the Shariah index, DSES decreased by 5.71 points to stand at 1679.02 points and 1094.03 points respectively. As a result, today 162 issues witnessed price correction and turnover decreased by 4%.

On the DSE trading floor, a total number of 100,510 trades were executed in today’s trading session with a trading volume of 100.55 million securities.

Losers took a strong lead over the gainers as out of 350 issues traded, 145 securities gained price while 162 declined and 43 remained unchanged.

Sector wise performance exposed that jute (5.6%), general insurance (2.2%) and mutual fund (1.9%) sectors experienced highest price appreciation while ceramic (-3.3%), telecom (-3.0%) and textile (-1.8%) sectors experienced highest price correction in today’s session.

Investors’ interest was mostly on general insurance, engineering and pharma sectors, as these sectors dominate turnover distribution. National Tubes Contributed 5.78% to the total turnover.