Stocks start week badly

Staff Correspondent

6 July, 2020 12:00 AM printer

Stocks start week badly

Stocks fell and turnover declined at the country’s premiere bourse on Sunday as investors remained cautious amid ongoing pandemic situation.

DSEX, the key index of the Dhaka Stock Exchange (DSE), dropped by 5.21 points or 0.13 per cent to close at 3,981 points.

The DS30 index, comprising blue chips, shed 3.37 points to end at 1,336 points and the DSE Shariah Index declined 1.06 points to finish at 921 points.

Turnover stood at Tk 734 million, which was 9.50 per cent lower than the previous day’s turnover of Tk 811 million.

Of the total issues traded, 214 remained unchanged, 30 advanced and 36 declined on the DSE floor.

A total number of 22,884 trades were executed in the day’s trading session with a trading volume of 30.84 million shares and mutual fund units.

The market-cap on the premier bourse also fell to Tk 3,115 billion on Sunday, from Tk 3,117 billion in the previous session.

Wata Chemicals topped the turnover chart with shares worth Tk 73 million changing hands, followed by Beximco Pharma, Bangladesh Submarine Cable, GlaxoSmithKline, and Sonarbangla Insurance.

Eastern Insurance was the day’s best performer, posting a gain of 14.76 per cent following its corporate declaration while Tung Hai Knitting was the worst loser, losing 9.09 per cent.

The Chittagong Stock Exchange also edged lower with its All Shares Price Index (CASPI)—losing 10 points to close at 11,310 and the Selective Categories Index - CSCX –shedding 6.83 points to finish at 6,847.

Of the total issues traded, 19 gained, 23 declined and 58 remained unchanged on the CSE. The port city bourse traded 2.67 million shares and mutual fund units with a turnover value of Tk 893 million.