Stocks slump on profit booking

Staff Correspondent

11 November, 2020 12:00 AM printer

Stocks slump on profit booking

Stocks plummeted on Tuesday, after remaining flat in the previous day, as risk-averse investors went on profit booking sell-offs on major sectors shares.

DSEX, the key index of the Dhaka Stock Exchange, went down by 28.43 points or 0.57 per cent to settle at 4,899 points.

The DS30 index, comprising blue chips, lost 16.53 points or 0.96 percent to finish at 1,703 points and the DSE Shariah Index fell 8.35 points or 0.75 percent to close at 1,112 points.

Turnover stood at Tk 9.25 billion, which was 5 per cent higher than the previous day’s turnover of Tk 8.81 billion.

Out of 354 issues traded, 188 ended lower, 80 higher while 86 issues remained unchanged on the DSE trading floor.

A total number of 167,418 trades were executed in the day’s trading session with a trading volume of 371.12 million shares and mutual fund units.

The market capitalisation of DSE also fell to Tk 3,980 billion on Tuesday, from Tk 3,997 billion in the previous session.

Beximco Pharma continued to dominate the turnover chart with 5.61 million shares worth Tk 746 million changing hands, followed by Asia Insurance, Brac Bank, Nitol Insurance and Associated Oxygen.

CAPM IBBL Islamic Mutual Fund was the day’s best performer, posting a gain of 10 per cent, closely followed by SEML IBBL Shariah Fund, SEML Lecture Equity Management Fund, SEML FBLSL Growth Fund, Nitol Insurance Co and CAPM BDBL Mutual Fund 01.

Associated Oxygen was the worst loser, losing 9.39 per cent, closely followed by Yeakin Polymer, Investment Corporation Of Bangladesh, National Feed Mill, Shinepukur Ceramics and Fine Foods.

The Chittagong Stock Exchange also ended marginally lower with its All Shares Price Index (CASPI)—losing 53 points to close at 14,065 while the Selective Categories Index – CSCX shedding 30 points to close at 8,466.

Of the issues traded, 131 advanced, 76 declined and 55 remained unchanged on the CSE.