Stocks break three-day gaining streak

The first trading session of the new fiscal year ended in the red zone with falling turnover as investors followed cautious stance. The market opened with a downward note, which sustained throughout the session amid marginal volatility. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 10.52 points or 0.22 per cent to 4,572.58. The DSE Shariah Index (DSES) shed 0.98 points or 0.08 per cent to end at 1,121.05 points. However, the DS30 index, comprising blue chips, moved up by 3.54 points or 0.20 per cent to 1,772.90. DSE turnover stood at Tk5.04 billion, which was 15 per cent lower than the previous day’s Tk5.90 billion. The gainers took a marginal lead over the losers as out of 312 issues traded, 140 advanced, 124 declined and 48 remained unchanged on the DSE trading floor. Newly Listed Olympic Accessories was the day’s top turnover leader with shares worth Tk318 million changing hands followed by United Airways, Beximco, Appollo Ispat and United Power. National Tubes was the day’s best performer, posting a rise of 9.98 per cent while Hakkani Pulp and Paper was the day’s worst loser, plunging by 9.98 per cent. The port city bourse Chittagong Stock Exchange (CSE) also closed in the red with its Selective Categories Index – CSCX – lost 0.58 points to close at 8,584. Gainers beat losers, 112 to 99, with 32 issues remaining unchanged at the port city bourse that traded 24 million shares and mutual fund units, turnover of Tk517 million.