Stocks go down

Staff Correspondent

28 September, 2020 12:00 AM printer

Stocks go down

Stocks fell at the country’s premiere bourse on Sunday as the cautious investors continued booking profit on majors sectors’ issues.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), dropped by 7.16 points or 0.14 per cent to settle at 4,971.

The DS30 index, comprising blue chips, went down by 10.41 points or 0.61 percent to finish at 1,690 and the DSE Shariah Index fell 4.72 points or 0.41 percent to close at 1,121.

Turnover crossed Tk 10 billion-mark after four sessions and amounted to Tk 10.34 billion, which was 17 per cent higher than the previous session’s Tk 8.81 billion.

Out of 357 issues traded, 210 closed lower, 106 ended higher while 41 issues remained unchanged on the DSE trading floor.

A total number of 205,197 trades were executed in the day’s trading session with a trading volume of 391.66 million shares and mutual fund units.

The market-cap on the premier bourse, however, rose to Tk 3,952 billion on Sunday, from Tk 3,946 billion in the previous session.

The insurance sector dominated the turnover chart with Sandhani Life Insurance topped the turnover list with shares worth nearly Tk 436 million changing hands, closely followed by Sonar Bangla Insurance, Beximco Pharma, LankaBangla Finance and Eastland Insurance.

Asia Pacific Insurance was the best performer, posting a gain of 10 per cent, closely followed by GSP Finance Company, Paramount Insurance Company, Sandhani Life Insurance Company, Bay Leasing & Investment and National Housing Fin. and Inv.

Ring Shine Textiles was the worst loser, losing 8.97 per cent following its factory closure news, closely followed by Dulamia Cotton Spinning Mills, Savar Refractories, ICB Islamic Bank, Aramit Cement and Fareast Islami Life Insurance Co.

The Chittagong Stock Exchange also ended marginally lower with its All Shares Price Index (CASPI)—losing 16 points to close at 14,193 while the Selective Categories Index – CSCX shedding 13 points to close at 8,510.

Of the issues traded, 156 declined, 104 advanced and 30 remained unchanged on the CSE.

The port city bourse traded 17.95 million shares and mutual fund units with turnover value of Tk 314 million.