Stocks extend losses after choppy trading

Staff Correspondent

18 December, 2020 12:00 AM printer

Stocks extend losses after choppy trading

Stocks extended the losing streak for the two consecutive sessions on Thursday as shaky investors continued their sell-offs on sector-wise issues.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 15.03 points or 0.29 per cent to settle at 5,108.

The DS30 index, comprising blue chips, lost 7.42 points or 0.41 percent to finish at 1,798 points and the DSE Shariah Index fell 5.44 points or 0.46 percent to close at 1,180 points.

Turnover, a crucial indicator of the market, fell slightly to Tk 7.05 billion, which was more than 38.87 percent lower than the previous day’s turnover Tk 9.79 billion.

Out of 355 issues traded, 186 ended lower, 92 higher and 77 issues remained unchanged on the DSE trading floor.

A total number of 147,968 trades were executed in the day’s trading session with a trading volume of 233.81 million shares and mutual fund units.

The DSE market–cap went down to Tk 3,573 billion on Thursday, from Tk 4,180 billion in the previous day.

Beximco Pharma topped the turnover chart with 14 million shares worth Tk 451 million changing hands, followed by Beximco Pharmaceuticals, IFIC Bank, National Polymer Industries, Dominage Steel Building Systems and S S Steel.

National Polymer Industries was the day’s best performer, posting a 9.98 per cent gain while Aman Feed was the worst loser, losing 6.55 per cent.

The Chittagong Stock Exchange (CSE) also ended lower with its All Shares Price Index (CASPI)—losing 53 points to close at 14,670 while the Selective Categories Index – CSCX shedding 32 points to close at 8,837.

Of the issues traded, 133 declined, 66 advanced and 66 remained unchanged on the CSE. The port city bourse traded 13.61 million shares and mutual fund units with a turnover value of nearly Tk 582 million.