Stocks go down

Staff Correspondent

24 February, 2021 12:00 AM printer

Stocks continued to fall on Tuesday, with the core index of the Dhaka Stock Exchange (DSE) dipped to two-month low, as the shaky investors continued their sell-offs in major stocks.

DSEX, the prime index of the DSE, dropped further 67.49 points or 1.25 per cent to settle at 5,317. DSEX lost more than 226 points in the past five consecutive sessions.

The DSE 30 Index comprising blue chips, lost 39.83 points or 1.93 per cent to finish at 2,017 and the DSE Shariah Index (DSES) went down by 15.31 points or 1.25 per cent to close at 1,206.

Turnover stood at Tk 5.91 billion on the country’s premier bourse, soaring by 26 per cent over the previous day’s seven-month lowest turnover of Tk 4.67 billion.

Of the 339 issues traded, 156 declined, 66 advanced and 117 remained unchanged on the DSE trading floor.

Beximco continued to dominate the turnover chart with shares worth over Tk 1.84 billion changing hands followed by BATBC, Beximco Pharma, LankaBangla Finance and Robi.

GBB Power was the day’s best performer, posting a gain of 5.53 per cent while NCC Bank Mutual Find-1 was the worst loser, losing 10 per cent following its price adjustment after record date.

A total number of 110,508 trades were executed in the day’s trading session with a trading volume of 136.77 million shares and mutual fund units.

The market-cap of DSE also fell to Tk 4,570 billion on Tuesday, down from Tk 4,600 billion in the previous day.

Business conglomerate Beximco Group companies continued to face selling pressure as Beximco lost 7.82 per cent, heavyweight drug maker Beximco Pharma 4.48 per cent and Shinepukur Ceramic lost 5.24 per cent. All three featured in the day’s top losers list.

eGeneration shares were frozen at 50 per cent—the upper limit circuit breaker within a few minutes of transaction— on its first trading day on Tuesday.

Its share closed at Tk 15, the highest allowable limit on the first day of trading, from its issue price of Tk 10 each, the DSE data shows.

The Chittagong Stock Exchange (CSE) also kept losing with the CSE All Share Price Index – CASPI –shedding 181 points to settle at 15,383 and the Selective Categories Index – CSCX losing 110 points to close at 9,278.

Of the issues traded, 99 declined, 45 advanced and 51 remained unchanged on the CSE.

The port city’s bourse traded 5.84 million shares and mutual fund units with turnover value of Tk 265 million.