Stocks red from profit booking

Staff Correspondent

11 August, 2020 12:00 AM printer

Stocks red from profit booking

Dhaka Stock Exchange fell on Monday as cautious investors booked quick-profit on sector-specific issues, which saw substantial gain the past few trading sessions, taking the prime index in downward trend.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), shed by 12.10 points or 0.26 per cent to settle at 4533, after adding 468 points in the past 11 straight sessions.

 The DS30 index, comprising blue chips, went up by 3.79 points or 0.24 percent to finish at 1,544 and the DSE Shariah Index advanced 5.60 points or 0.52 percent to close at 1,063.

Turnover stood at Tk 10.48 billion on the country’s prime bourse, which was 7 percent lower than the previous day’s turnover of Tk 11.28 billion.

Of the issues traded, 111 advanced, 217 declined and 26 issues remained unchanged on the DSE floor.

A total number of 214,716 trades were executed in the day’s trading session with a trading volume of 370.12 million shares and mutual fund units.

The market-cap on the premier bourse also rose to Tk 3,454 billion on Monday, from Tk 3,451 billion in the previous session.

Beximco Pharma topped the turnover chart with shares worth Tk 411 million changing hands, closely followed by Bangladesh Export Import Company, Square Pharmaceuticals, SK Trims & Industries, British American Tobacco bangladesh Company and Grameenphone.

ICB AMCL Third NRB Mutual Fund was the day’s best performer, posting a gain of 10.71 per cent, followed by Desh Garmants, Islami Bank Bangladesh, Northern Jute Manufacturing Co, Stylecraft and Bangladesh Export Import Company while Shyampur Sugar Mills was the worst loser, losing 8.73 per cent, followed by Jute Spinners, Meghna Pet Industries, Peoples Insurance Company, Imam Button Industries and Agrani Insurance Co.

The Chittagong Stock Exchange closed a mixed trend with its All Shares Price Index (CASPI)—gaining 7.05 points to close at 12,889 and the Selective Categories Index - CSCX –shedding 0.86 points to finish at 7,800.

Of the issues traded, 113 gained, 144 declined and 26 remained unchanged on the CSE.

The port city bourse traded 18.34 million shares and mutual fund units with a turnover value of Tk 598 million.