DSE turnover dips below Tk 4b

Stocks edged marginally down on Wednesday after two sessions of positive trend with turnover dipping below Tk 4.0 billion mark once again as investors took cautious stance. The market opened with a positive note but could not sustain. At the end of the trading session, the prime index of the Dhaka Stock Exchange (DSE) – DSEX – ended at 4,750.26 points, losing 6.62 points or 0.13 per cent from previous session. The other two indices also closed in red. The DS30 index, comprising blue chips lost 0.94 points or 0.05 per cent to close at 1,688.74 points. The DSE Shariah Index (DSES) dropped 0.95 points or 0.09 per cent to close at 992.53 points. The total turnover on DSE came down to Tk 3.96 billion, registering 26.93 per cent decline over the previous session’s value of Tk 5.42 billion. The losers took a strong lead over the gainers as out of 289 issues traded, 162 declined, 93 advanced and 34 issues closed unchanged on the DSE floor. The market capitalisation of the DSE stood at Tk 2,907.39 billion against Tk 2,907.70 billion in the previous session. Bangladesh Shipping Corporation (BSC) dominated the top turnover chart with shares worth Tk 240.29 million changing hands followed by Olympic, Confidence Cement, Square Pharma and Meghna Petroleum. Desh Garment was the day’s highest gainer; posting a rise of 9.87 per cent while Generation Next Fashion was the day’s worst losers, slumping by 19.59 per cent. The Chittagong Stock Exchange (CSE) also closed marginally lower with its Selective Categories Index – CSCX losing 12.04 points to close at 9,328.71 points. Losers beat gainers 141 to 66, with 15 issues remaining unchanged at the port city bourse that traded 7.43 million shares and mutual fund units, with a turnover value of Tk 365.11 million.