Thursday, 6th October, 2022
Thursday, 6th October, 2022

Stocks break gaining streak

Stocks today witnessed a downward trend after showing two days of positive trend as investors preferred to book profit on quick-gaining stocks.

DSEX, the core index of the Dhaka Stock Exchange, went down by 19.26 points or 0.29 per cent to settle at 6,406, after gaining 64 points in the past two days.

The DSE Shariah Index (DSES) also shed 6.14 points to close at 1,397. However, the DSE 30 Index, comprising blue chips, advanced 2.0 points to finish at 2,329.

Turnover, the crucial indicator of the market, also dropped and amounted to Taka 8.95 billion, which was 14.4 per cent lower than the previous day’s one-month highest turnover of Taka 10.46 billion.

Losers took a strong lead over the gainers as out of 382 issues traded, 282 declined, 62 advanced and 38 issues remained unchanged on the DSE trading floor.

Beximco topped the turnover list, followed by Bangladesh Shipping Corporation, Shinepukur Ceramics, RAK Ceramics and Saif Powertec.

Meghna Insurance was the top gainer, posting a 9.84 per cent gain while CAPM IBBL Islamic Mutual Fund was the day’s worst loser, losing 2.0 per cent.

The Chittagong Stock Exchange (CSE) also edged lower with the CSE All Share Price Index – CASPI -losing 29.98 points to settle at 18,868 and the Selective Categories Index – CSCX – shedding 17.71 points to close at 11,312.

Of the issues traded, 196 declined, 63 advanced and 34 issues remained unchanged on the CSE.

The port city’s bourse traded 7.69 million shares and mutual fund units with a turnover value worth nearly Taka 242 million.

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