Stocks begin week badly

Staff Correspondent

26 October, 2020 12:00 AM printer

Stocks begin week badly

Stocks fell and turnover declined at the country’s premiere bourse on Sunday as investors continued to be away from making new investments.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 22.02 points or 0.45 per cent to settle at 4,892.01 points.

The DS30 index, comprising blue chips, lost 9.52 points or 0.56 percent to finish at 1,682.92 points and the DSE Shariah Index fell 4.70 points or 0.42 percent to close at 1,109.47 points.

Turnover stood at Tk 88.59 billion, which was lower than the previous session’s turnover of Tk 10.29 billion.

Out of 357 issues traded, 186 ended lower, 111 closed higher while 60 issues remained unchanged on the DSE trading floor.

A total number of 184,710 trades were executed in the day’s trading session with a trading volume of 316.39 million shares and mutual fund units.

The insurance sector dominated the turnover chart with Sandhani Life Insurance Company topped the turnover list with shares worth Tk 290.70 million changing hands, closely followed by Beximco Pharmaceuticals, S. S. Steel, Global Insurance Company, Paramount Textile and Bangladesh Export Import Company.

Bangladesh Building Systems was the day’s best performer, posting a gain of 13.25 per cent while Malek Spinning Mills was the worst loser, losing 10.34 per cent.

The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)—losing 87.33 points to close at 13,942 while the Selective Categories Index – CSCX shedding 48.54 points to close at 8,384.42.

Of the issues traded, 141 declined, 84 advanced and 42 remained unchanged on the CSE.

The port city bourse traded 11.45 million shares and mutual fund units with turnover value of more than Tk 240 million.