Stocks continue to fall

Staff Correspondent

1 October, 2020 12:00 AM printer

Stocks continue to fall

The stock markets continued their losing streak for the two consecutive sessions on Wednesday as risk-averse investors sustained profit booking on quick-gaining stocks.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), declined 19.08 points or 0.38 per cent to settle at 4,963.

The DS30 index, comprising blue chips, went down by 9.14 points or 0.54 percent to finish at 1,695 and the DSE Shariah Index shed 5.14 points or 0.46 percent to close at 1,120.

Turnover stood at Tk 9.14 billion, which was 7.25 per cent higher than the previous session’s turnover of Tk 8.53 billion.

Out of 355 issues traded, 191 closed lower, 132 ended higher while 32 issues remained unchanged on the DSE trading floor.

A total number of 176,327 trades were executed in the day’s trading session with a trading volume of 390.57 million shares and mutual fund units.

The market-cap on the premier bourse jumped to Tk 3,996 billion on Wednesday, from Tk 3,986 billion in the previous session.

Paramount Textile topped the turnover list with shares worth Tk 503 million changing hands, closely followed by Beximco, Sandhani Life Insurance, Asia Pacific Insurance and Beximco Pharma.

EBL First Mutual Fund was the day’s best performer, posting a gain of 10 per cent, closely followed by Paramount Textile, SEML Lecture Equity Management Fund, First Janata Bank Mutual Fund, CAPM IBBL Islamic Mutual Fund and PHP First Mutual Fund.

GQ Ball Pen Industries was the worst loser, losing 8.36 per cent, closely followed by United Airways (BD), Asia Pacific General Insurance Co, Tung Hai Knitting & Dyeing, Khan Brothers PP Woven Bag Industries and Provati Insurance Company.

The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)—losing 94 points to close at 14,167 while the Selective Categories Index – CSCX shedding 52 points to close at 8,507.

Of the issues traded, 174 declined, 79 advanced and 28 remained unchanged on the CSE.

The port city bourse traded 17.17 million shares and mutual fund units with turnover value of Tk 600 million.