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Stocks slip into red

  • Staff Correspondent
  • 23 September, 2021 12:00 AM
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Stocks slip into red

Stocks on Wednesday slipped into the red, spanning a two-day winning streak, as the risk-averse investors rushed for sale on sector-wise issues.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 16.73 points or 0.23 per cent to settle at 7,241.84. Two other indices also ended lower with the DSE 30 Index, comprising blue chips, fell 12.79 points to finish at 2,673.19 and the DSE Shariah Index (DSES) lost 4.44 points to close at 1,582.52.

Turnover, a crucial indicator of the market, crossed the Taka 21 billion-mark after three days and amounted to Taka 21.50 billion, which was 12.56 per cent higher than the previous day's tally of Taka 19.10 billion.

Of the 376 issues traded, 209 ended lower, 125 higher and 42 remained unchanged on the DSE trading floor.

CAPM IBBL Islamic Mutual Fund was the day's top gainer, rising 9.73 per cent while Desh Garment was the worst lower, losing 6.30 per cent.

The Chittagong Stock Exchange (CSE) also ended lower with the CSE All Share Price Index - CASPI -losing 82.88 points to settle at 21,157.61 and the Selective Categories Index - CSCX shedding 52.18 to close at 12,693.83.

Of the issues traded, 171 declined, 115 advanced and 34 remained unchanged on the CSE.

The port city's bourse traded 21.37 million shares and mutual fund units with a turnover value of Taka 623 million.