DSE sees year’s lowest turnover

Stocks extended the losing streak for the seventh running sessions on Monday as investors remained reluctant to make fresh investments. DSEX, the prime index of the Dhaka Stock Exchange (DSE) came down below 4,400 points mark after five months and ended at 4,364.27 points, shedding 38.23 points or 0.86 per cent. The other two indices also saw sharp decline. The DS30, comprising blue chips lost 14.85 points or 0.92 per cent to close at 1,583.06 points. The DSE Shariah Index (DSES) declined 10.36 points or 1.05 per cent to close at 971.40 points. DSE turnover dropped further and amounted to Tk 2.17 billion which was 5.24 per cent lower over the previous day’s value of Tk 2.29 billion. It was also seven-month lowest turnover since Tk 1.88 billion on October 22, 2103. The losers took a strong lead over the gainers as out of 293 issues traded, 178 declined, 84 advanced and 31 issues closed unchanged on the DSE floor. GP became the top turnover leader with shares worth Tk 98.93 million changing hands followed by Hwa Well Textiles, Lafarge Surma Cement, Square Pharma and Matin Spinning. Kohinoor Chemicals was the day’s highest gainer; posting a rise of 7.89 per cent while Summit Power was the day’s worst losers, slumping by 14.81 per cent. The port city bourse -- Chittagong Stock Exchange (CSE)-- also closed lower with its Selective Categories Index -- CSCX lost 57.30 points to stand at 8,412.57 points. Losers beat gainers 136 to 50, with 23 issues remaining unchanged at the port city bourse that traded 5.30 million shares and mutual fund units, turnover value of Tk 186.70 million.