Stocks go down

Staff Correspondent

2 February, 2021 12:00 AM printer

Stocks go down

Stocks extended the losing streak for the second consecutive sessions on Monday, as the risk-averse investors went on heavy sell-offs on major sectors, fearing further fall of stock prices.

DSEX, the prime index of the DSE, went down by 50.06 points or 0.88 per cent to settle at 5,599.

The DSE 30 Index comprising blue chips dropped by 34.90 points or 1.62 per cent to finish at 2,125 and the DSE Shariah Index (DSES) saw a fractional decrease of 11.23 point or 0.89 per cent to close at 1,254.

Turnover, however, remained below Tk 10 billion-mark to Tk 7.18 billion on the country’s premier bourse, declining by 12.74 per cent over the previous day’s mark of Tk 8.23 billion.

Out of 356 issues traded, 110 advanced, 138 declined and 108 remained unchanged on the DSE trading floor.

A total number of 127,444 trades were executed in the day’s trading session with a trading volume of 172.66 million shares and mutual fund units.

Market-cap of the DSE declined to Tk 4,758 billion on Monday, from Tk 4,790 billion in the previous day.

Beximco topped the turnover chart with 16.34 million shares worth Tk 1.40 billion changing hands, closely followed by BATBC, ROBI, LankaBangla Finance and Beximco Pharma.

Agrani Insurance Co was the day’s best performer, gaining 10 per cent while Envoy Textiles was the day’s worst loser, sliding 6.69 per cent.

The Chittagong Stock Exchange (CSE) also finished lower with the CSE All Share Price Index – CASPI –gaining by 178 points to settle at 16,296 and the Selective Categories Index – CSCX rising 109 points to close at 9,833.

Of the issues traded, 68 advanced, 111 declined and 55 remained unchanged on the CSE.

The port city’s bourse traded 8.40 million shares and mutual fund units with a turnover value of Tk 275 million.