Stocks dip for 5th day amid low turnover

Stocks witnessed another sharp fall on Thursday with turnover remained sluggish as investors went for selling spree fearing further fall. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 40.53 points or 0.90 per cent to close at 4,416.95 from previous session. The DS30, comprising blue chips lost 18.19 points or 1.12 per cent to close at 1,604.39 points. The DSE Shariah Index (DSES) also dropped 11.87 points or 1.19 per cent to close at 984.84 points. Turnover value came down to Tk 3.05 billion, registering a decline of 19.31 per cent over the previous session’s value of Tk 3.78 billion. The losers took a strong lead over the gainers as out of 282 issues traded, 177 declined, 76 advanced and 29 issues closed unchanged on the DSE floor. Square Pharma became the top turnover leader with shares worth Tk 169.35 million changing hands followed by GP, Lafarge Surma Cement, Meghna Petroleum and Hwa Well Textiles.
Wata Chemicals which backed to main market was the day’s highest gainer; posting a rise of 9.89 per cent while MBL First Mutual Fund was the day’s worst losers, slumping by 22.35 per cent.
The port city bourse -- Chittagong Stock Exchange (CSE) also saw sharp fall with its Selective Categories Index -- CSCX lost 60.36 points to stand at 8,508.98 points. Losers beat gainers 139 to 44, with 28 issues remaining unchanged at the port city bourse that traded 7.10 million shares and mutual fund units with value of Tk 243.24 million.