Stocks go down

Staff Correspondent

6 January, 2021 12:00 AM printer

Stocks go down

Stocks on Tuesday witnessed a downward trend after showing eight days’ positive trend as risk-averse investors went for short- term profit booking on sector-specific shares.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 42.62 points or 0.75 per cent to settle at 5,609, after gaining 554 points in the past eight consecutive sessions.

Two other indices also ended lower. The DS30 index, comprising blue chips, lost 32.91 points to finish at 2,058 and the DSE Shariah Index shed 19.20 points to close at 1,278.

Turnover, an important indicator of the market, stood at Taka 25.46 billion on the country’s premier bourse on Tuesday, a further buck by 16 per cent over the previous day’s tally of Taka 21.93 billion.

Losers took a strong lead over the gainers, as out of 360 issues traded, 197 ended lower, 113 closed higher and 50 issues remained unchanged on the DSE trading floor.

A total number of 356,507 trades were executed in the day’s trading session with a trading volume of an all-time high 940.90 million shares and mutual fund units.

The DSE market-cap also fell to Taka 4,677 billion on Tuesday, from an all-time high of Taka 4,687 billion in the previous day.

The Chittagong Stock Exchange (CSE) also ended lower after eight days with its All Shares Price Index (CASPI)-shedding 134 points to close at 16,237 while the Selective Categories Index – CSCX falling 79 points to close at 9,791.

Of the issues traded, 149 declined, 115 advanced and 34 remained unchanged on the CSE.

The port city bourse traded 67.61 million shares and mutual fund units with a turnover value of nearly Taka 1.55 billion.