Stocks end slightly lower

Staff Correspondent

23 December, 2020 12:00 AM printer

Stocks end slightly lower

Stocks closed marginally lower on Tuesday amid choppy trading throughout the whole session, as many investors freed funds to participate in the upcoming IPOs while some were waiting for the debut of the largest ever issue Robi.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 16.71 points or 0.32 per cent to settle at 5,098 points.

The DS30 index, comprising blue chips, lost 5.69 points or 0.31 percent to finish at 1,812 points and the DSE Shariah Index shed 4.91 points or 0.42 percent to close at 1,177 points.

Turnover, a crucial indicator of the market, fell to Tk 9.75 billion, which was 14.25 per cent lower than the previous day’s one month highest turnover of Tk 11.37 billion.

Out of 357 issues traded, 185 ended lower, 84 higher and 88 issues remained unchanged on the DSE trading floor.

A total number of 174,421 trades were executed in the day’s trading session with a trading volume of 290.19 million shares and mutual fund units.

The DSE market–cap also slumped to Tk 4,130 billion on Tuesday, from Tk 4,150 billion in the previous day.

Beximco continued to dominate the turnover chart with 23.44 million shares worth Tk 904 million changing hands, followed by Beximco Pharma, Republic Insurance, LafargeHolcim, and Fortune Shoes.

The newly listed Crystal Insurance was the day’s best performer for the second straight session, posting a gain of the highest allowable price level of 50 per cent while First Finance was the worst loser, losing 7.93 per cent.

The Chittagong Stock Exchange (CSE) also ended lower with its All Shares Price Index (CASPI)—losing 84 points to close at 14,654 while the Selective Categories Index – CSCX shedding 49 points to close at 8,833.

Of the issues traded, 146 declined, 66 advanced and 50 remained unchanged on the CSE.

The port city bourse traded 15.02 million shares and mutual fund units with a turnover value of more than Tk 478 million.