Stocks return to red

Staff Correspondent

25 January, 2021 12:00 AM printer

Stocks return to red

Stocks returned to the red on Sunday, after remaining up in the past three trading sessions, as the market seemed to rectify itself from increased enthusiasm.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), plummeted by 20.63 points or 0.35 per cent to settle at 5,816 points.

The DSE 30 Index comprising blue chips also went up by 1.74 points or 0.08 per cent to finish at 2,210 and the DSE Shariah Index (DSES) climbed by 2.68 points or 0.21 per cent to close at 1,297.

Turnover settled at Tk 14.59 billion on the country’s premier bourse, gaining 20.21 by per cent over the previous day’s mark of Tk 12.13 billion.

Out of 359 issues traded, 202 declined, 79 advanced and 78 remained unchanged on the DSE trading floor.

Beximco Pharmaceuticals to buy a stake in French pharmaceuticals giant Sanofi Bangladesh lead the drugmaker to dominate the hailing turnover with a stake of 18.54 percent of the days total alone.

Beximco Pharmaceuticals topped the turnover chart with 12.52 million shares worth Tk 2.59 billion changing hands, closely followed by Beximco, LankaBangla Finance, Robi Axiata, Summit Power and City Bank.

Energypac Power Generation was the day’s best performer, posting a gain of 9.92 per cent, closely followed by Shinepukur Ceramics, Agrani Insurance Co, GBB Power, Peoples Insurance Company and Republic Insurance Company.

Meghna Petroleum was the worst loser, losing 8.09 per cent, closely followed by Sonali Aansh Industries, Robi Axiata, Desh Garmants, Bangladesh Industrial Fin. Co and New Line Clothings.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –advancing by 34 points to settle at 16,986 and the Selective Categories Index – CSCX gaining 18 points to close at 10,253.

Of the issues traded, 67 advanced, 145 declined and 41 remained unchanged on the CSE.

The port city’s bourse traded 14.96 million shares and mutual fund units with turnover value of Tk 568 million.