Stocks continue to fall

Staff Correspondent

23 September, 2020 12:00 AM printer

Stocks continue to fall

Stocks continued to fall on Tuesday as cautious investors preferred to book quick-profit on major sectors issues.

DSEX, the prime index of the Dhaka Stock Exchange, declined by 42.02 points or 0.84 per cent to settle at 4,970.11.

The DS30 index, comprising blue chips, lost 12.62 points or 0.73 percent to finish at 1,714.35 and the DSE Shariah Index went down by 11.38 points or 0.99 percent to close at 1,126.74.

Turnover stood at Tk 7.29 billion, which was nearly 25 per cent lower than the previous day’s turnover of Tk 9.77 billion.

Out of 356 issues traded, 75 closed lower, 252 ended higher while 29 issues remained unchanged on the DSE trading floor.

A total number of 164,977 trades were executed in the day’s trading session with a trading volume of 301.17 million shares and mutual fund units.

The market-cap on the premier bourse also fell to Tk 3,769 billion on Tuesday, from Tk 3,795 billion in the previous session.

Beximco Pharma topped the turnover chart with shares worth Tk 305 million changing hands, closely followed by Brac Bank, Square Pharma, Beximco and Rupali Insurance.

Nitol Insurance was the best performer, posting a gain of 9.86 per cent while BD Welding was the worst loser, losing 9.48 per cent.

The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)—losing 150 points to close at 14,169 and the Selective Categories Index – CSCX shedding 83 points to close at 8,514.

Of the issues traded, 200 declined, 53 advanced and 28 remained unchanged on the CSE.

The port city bourse traded 11.34 million shares and mutual fund units with turnover value of Tk 172 million.