Stocks continue to fall

Staff Correspondent

24 November, 2020 12:00 AM printer

Stocks continue to fall

Stocks on the premiere bourse fell on Monday for the fourth straight session, as cautious investors continued their sell-offs on sector-wise issues amid growing tension over the second wave of coronavirus pandemic.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 23.26 points or 0.48 per cent to settle at 4,817.

The DS30 index, comprising blue chips, lost 15.42 points or 0.92 percent to finish at 1,669 and the DSE Shariah Index dropped 13.01 points or 1.16 percent to close at 1,107.

The daily trade turnover on the DSE, however, rose to Tk 6.21 billion, which was 25 per cent higher than the previous day’s four-month lowest turnover of Tk 4.95 billion.

Out of 344 issues traded, 134 closed lower, 124 higher and 86 issues remained unchanged on the DSE trading floor.

A total number of 127,756 trades were executed in the day’s trading session with a trading volume of 220.26 million shares and mutual fund units.

Beximco Pharma continued to dominate the turnover chart with 2.17 million shares worth Tk 305 million changing hands, followed by Square Pharma, Eastern Insurance, Nitol Insurance and Asia Insurance.

Nitol Insurance was the day’s best performer, posting a gain of 10 per cent, closely followed by Express Insurance, Provati Insurance Company, Phoenix Insurance Company, Karnaphuli Insurance Company and Continental Insurance.

Kattali Textile was the worst loser, losing 10.47 per cent, closely followed by Golden Son, Square Pharmaceuticals, Envoy Textiles, Delta Spinners and Desh Garmants.

The Chittagong Stock Exchange also kept losing with its All Shares Price Index (CASPI)—shedding 56 points to close at 13,807 while the Selective Categories Index – CSCX losing 33 points to close at 8,317.

Out of the issues traded, 99 declined, 77 advanced and 58 remained unchanged on the CSE.

The port city bourse traded 6.10 million shares and mutual fund units with a turnover value of more than Tk 130 million.