Stocks end week badly

Staff Correspondent

21 May, 2021 12:00 AM printer

Stocks end week badly

Stocks fell and turnover declined at the country’s premiere bourse on Thursday as risk-averse investors opted for booking profits on quick-gaining issues.

DSEX, the benchmark index of the DSE, also declined 60.07 points or 1.02 per cent to settle at 5,813.

Two other indices also edged lower with the DSE 30 Index, comprising blue chips, went down by 22.53 points or 1.02 per cent to finish at 2,178 and the DSE Shariah Index (DSES) plunged 9.59 points or 0.75 per cent to close at 1,272.

Turnover, a crucial indicator of the market, stood at Tk 16.53 billion on the country’s premier bourse, in a further plunge by 21.26 per cent over previous day’s tally of Tk 20.99 billion.

Out of 359 issues traded, 234 declined, 68 advanced and 57 issues remained unchanged on the DSE trading floor.

A total number of 224,970 trades were executed in the day’s trading session with a trading volume of 513.75 million shares and mutual fund units.

The market-cap of DSE also rose to Tk 4,923 billion on Thursday, down from Tk 4,957 billion in the previous session.

Beximco - the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth about Tk 2.14 billion changing hands, followed by LankaBangla Finance (TK 455 million), Prime Bank (TK 379 million), NRBC Bank (Tk 367 million), Saif Powertec (Tk 366 million) and National Feed Mill (Tk 291 million).

Provati Insurance Company was the day’s top gainer, posting a 9.99 per cent gain while Miracle Industries was the worst loser, losing 8.03 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –rising 214 points to settle at 16,837 and the Selective Categories Index – CSCX gaining 130 points to close at 10,149.

Of the issues traded, 199 declined, 42 advanced and 41 issues remained unchanged on the CSE.

The port city’s bourse traded 34.18 million shares and mutual fund units with turnover value of Tk 991 million.