DSE turnover hits fresh 2-month low

Stocks edged lower on Sunday with turnover hitting fresh two months low, after marginal gains in the previous session, as investors remained cautious. The market witnessed mixed trend in the morning and gradually fell into the red as the session progressed. At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 21.84 points or 0.45 per cent to settle at 4,790.97. The two other indices also closed in the red. The DS30 index, comprising blue chips, lost 5.48 points or 0.29 per cent to finish at 1,835.40. The DSE Shariah Index (DSES) shed 4.90 points or 0.41 per cent to end at 1,181.79. DSE turnover came down to Tk 3.50 billion, which was 16.86 per cent lower than the previous session’s Tk 4.21 billion. The losers took a lead over the gainers as out of 314 issues traded, 166 closed lower, 104 higher and 44 remained unchanged on the DSE trading floor. Titas Gas dominated the day’s turnover chart with shares of Tk 197.56 million changing hands followed by Square Pharma, SPCL, United Power and Baraka Power. Sino Bangla was the day’s best performer, posting a rise of 9.69 per cent while Apex Foods was the day’s worst loser, plunging by 7.40 per cent. The port city bourse Chittagong Stock Exchange (CSE) also returned to the red with its Selective Categories Index – CSCX – lost 36.34 points to end at 8,934.27. Losers beat gainers 136 to 69, with 33 issues remained unchanged on the port city bourse that traded 6.35 million shares and mutual fund units with a value of Tk 231 million.

---RMC--