Stocks continue to fall

Staff Correspondent

28 October, 2020 12:00 AM printer

Stocks continue to fall

Stocks continued to fall on Tuesday as investors remained inactive in putting fresh funds fearing more bearish trend.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), lost 24.05 points or 0.49 per cent to settle at 4,867.97 points.

The DS30 index, comprising blue chips, went down by 7.51 points or 0.45 percent to finish at 1,675.41 points and the DSE Shariah Index fell 6.41 points or 0.58 percent to close at 1,103.05 points.

Turnover stood at Tk 10 billion, which was 13 percent higher than the previous session’s turnover of Tk 8.85 billion.

Out of 356 issues traded, 205 ended lower, 85 closed higher while 66 issues remained unchanged on the DSE trading floor.

A total number of 184,192 trades were executed in the day’s trading session with a trading volume of 354.50 million shares and mutual fund units.

Beximco Pharmaceuticals topped the turnover list with shares worth Tk 462.75 million changing hands, closely followed by LankaBangla Finance, Sandhani Life Insurance Company, BRAC Bank, Bangladesh Export Import Company and Global Insurance Company.

Associated Oxygen was the day’s best performer, posting a gain of 50 per cent while Desh Garmants was the worst loser, losing 9.86 per cent.

The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)—losing 41.77 points to close at 13,900 while the Selective Categories Index – CSCX shedding 20.73 points to close at 8,363.69.

Of the issues traded, 136 declined, 94 advanced and 43 remained unchanged on the CSE.

The port city bourse traded 12.93 million shares and mutual fund units with turnover value of more than Tk 314 million.