Stocks continue to fall

Staff Correspondent

24 May, 2021 12:00 AM printer

Stocks continue to fall

Stocks continued to fall on Sunday as cautious investors opted for booking profits on sector-wise quick-gaining stocks.

DSEX, the benchmark index of the DSE, also declined 25.47 points or 0.44 per cent to settle at 5,787.

Two other indices also edged lower with the DSE 30 Index, comprising blue chips, went down by 16.75 points or 0.77 per cent to finish at 2,161 and the DSE Shariah Index (DSES) plunged 9.17 points or 0.72 per cent to close at 1,263.

Turnover, a crucial indicator of the market, stood at Tk 14.86 billion on the country’s premier bourse, in a further plunge by 10.09 per cent over previous day’s tally of Tk 16.53 billion.

Out of 362 issues traded, 188 declined, 110 advanced and 64 issues remained unchanged on the DSE trading floor.

A total number of 212,377 trades were executed in the day’s trading session with a trading volume of 465.97 million shares and mutual fund units.

The market-cap of DSE also rose to Tk 4,912 billion on Sunday, down from Tk 4,923 billion in the previous session.

Beximco - the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth about Tk 1.47 billion changing hands, followed by Prime Bank (TK 485 million), Saif Powertec (Tk 375 million), Bangladesh Submarine Cable Company (Tk 366 million), NRBC Bank (Tk 338 million), and Pioneer Insurance Company (Tk 333 million).

Aman Feed was the day’s top gainer, posting a 10 per cent gain while Export Import (Exim) Bank of Bangladesh was the worst loser, losing 7.03 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –rising 79 points to settle at 16,757 and the Selective Categories Index – CSCX gaining 49 points to close at 10,099.