Stocks red from profit booking

Staff Correspondent

19 May, 2021 12:00 AM printer

Stocks red from profit booking

Stocks fell on Tuesday as risk-averse investors opted for booking profits on quick-gaining issues.

DSEX, the benchmark index of the DSE, also declined 10.85 points or 0.19 per cent to settle at 5,829.

Two other indices also edged lower with the DSE 30 Index, comprising blue chips, went down by 4.49 points or 0.20 per cent to finish at 2,194 and the DSE Shariah Index (DSES) plunged 3.95 points or 0.31 per cent to close at 1,281.

Turnover, a crucial indicator of the market, stood at Tk 17.19 billion on the country’s premier bourse, in a further buck by 12.06 per cent over previous day’s tally of Tk 15.35 billion.

Out of 365 issues traded, 215 declined, 103 advanced and 47 issues remained unchanged on the DSE trading floor.

A total number of 244,463 trades were executed in the day’s trading session with a trading volume of 574.03 million shares and mutual fund units.

The market-cap of DSE also rose to Tk 4,949 billion on Tuesday, up from Tk 4,964 billion in the previous session.

Beximco - the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth about Tk 1.15 billion changing hands, followed by Prime Bank (TK 721 million), BATBC (Tk 686 million), Saif Powertec (Tk 661 million), National Feed Mill (Tk 481 million) and Crystal Insurance Company (Tk 371 million).

Standard Insurance was the day’s top gainer, posting a 10 per cent gain while Bangladesh Industrial Fin Co was the worst loser, losing 6.67 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –rising 28 points to settle at 16,894 and the Selective Categories Index – CSCX gaining 19 points to close at 10,183.

Of the issues traded, 168 declined, 89 advanced and 32 issues remained unchanged on the CSE.

The port city’s bourse traded 25.88 million shares and mutual fund units with turnover value of Tk 607 million.