Thursday, 9th February, 2023
Thursday, 9th February, 2023

Stocks extend slump amid low turnover

Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Sunday closed trading in slump as risk-averse investors opted for quick-profit on selective issues.

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went down by 27.71 points or 0.40 per cent to settle at 6,823.60.

Two other indices also edged lower with the DS30 index, a group of 30 prominent companies, fell 9.95 points to finish at 2,443.48 and the DSE Shariah Index (DSES) lost 2.94 points to close at 1,484.26.

Turnover, a crucial indicator of the market, also dropped below Taka 20 billion-mark to hit one month low to Taka 18.46 billion on the country’s premier bourse, which was 17 per cent lower than the previous day’s tally of Taka 22.27 billion.

Losers took a strong lead over the gainers, as out of 375 issues traded, 215 declined, 131 advanced and 29 remained unchanged on the DSE trading floor.

Beximco topped the turnover list again after a single-day break with shares worth Taka 1.06 billion changing hands, followed by LafargeHolcim Bangladesh (Taka 662 million), Saif Powertec (Taka 540 million), Paramount Textile (Taka 436 million) and Shajibazar Power Company (Taka 405 million).

The Aziz Pipes was the best performer, posting a gain of 9.85 per cent while South Bangla Agriculture and Commerce Bank was the worst loser, losing 8.94 per cent.

The Chittagong Stock Exchange also extended losses with its All Shares Price Index (CASPI)—shedding 86 points to finish at 19,844 while the Selective Categories Index – CSCX falling 50 points to close at 11,899.

Of the issues traded, 186 declined, 101 advanced and 30 issues remained unchanged on the CSE.

The port city bourse traded 26.01 million shares and mutual fund units with a turnover value of Taka 824 million.

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