Stocks extend losses

Staff Correspondent

29 October, 2020 12:00 AM printer

Stocks extend losses

Stocks witnessed yet another bearish session on Wednesday despite Dhaka Stock Exchange’s daily turnover crossed Tk 11 billion mark.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), lost 29.44 points or 0.60 per cent to settle at 4,838.52 points.

The DS30 index, comprising blue chips, went down by 9.91 points or 0.59 percent to finish at 1,665.49 points and the DSE Shariah Index fell 8.78 points or 0.79 percent to close at 1,094.28 points.

Turnover stood at Tk 11.12 billion, which was 11 percent higher than the previous session’s turnover of Tk 10 billion.

Out of 356 issues traded, 187 ended lower, 110 closed higher while 59 issues remained unchanged on the DSE trading floor.

A total number of 207,968 trades were executed in the day’s trading session with a trading volume of 449.23 million shares and mutual fund units.

Sandhani Life Insurance topped the turnover list with shares worth Tk 287 million changing hands, closely followed by Rupali Insurance, Eastland Insurance, Continental Insurance and Beximco Pharma.

EBL First Mutual Fund was the day’s best performer, posting a gain of 10 per cent while Renwick Jajneswar was the worst loser, losing 26.29 per cent.

The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)—losing 104 points to close at 13,796 while the Selective Categories Index – CSCX shedding 58 points to close at 8,304.

Of the issues traded, 143 declined, 80 advanced and 48 remained unchanged on the CSE.

The port city bourse traded 14.55 million shares and mutual fund units with a turnover value of more than Tk 283 million.