DSE turnover dips below Tk 4b again

Stocks declined for the third straight session on Tuesday with turnover dipped below Tk 4.0 billion-mark once again on the prime bourse as investors were reluctant to make fresh investments. DSEX, the prime index of the Dhaka Stock Exchange (DSE) came down below 4,600 points mark after 7-session and ended at 4,567.04 points, shedding 57.71 points or 1.24 per cent. The DS30, comprising blue chips lost 19.73 points or 1.16 per cent to close at 1,668.91 points. The DSE Shariah Index (DSES) also lost 4.69 points or 0.46 per cent to close at 1,012.35 points. The total turnover value on DSE came down to Tk 3.87 billion, registering a decline of 11.03 per cent over the previous session’s value of Tk 4.35 billion. The losers took a strong lead over the gainers as out of 289 issues traded, 202 declined, 64 advanced and 23 issues closed unchanged on the DSE floor. GP became the top turnover leader with shares worth Tk 198.65 million changing hands followed by Meghna Petroleum, BSCCL, Lafarge Surma Cement and Heidelberg Cement. Bata Shoe was the day’s highest gainer; posting a rise of 6.24 per cent while Delta Spinners was the day’s worst losers, slumping by 39.93 per cent following its price adjustment after record date. The port city bourse - Chittagong Stock Exchange (CSE)-- also closed lower with its Selective Categories Index --- CSCX-- lost 107.77 points to stand at 8,794.59 points. Losers beat gainers 160 to 38, with 14 issues remaining unchanged at the port city bourse that traded 8.32 million shares and mutual fund units with the turnover value of Tk 280.88 million.