Stocks edge lower amid choppy trading

Stocks edged marginally lower today (Monday) amid choppy trading as most of the investors are yet to be familiar on the newly introduced trading system. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down further by 14.30 points or 0.29 per cent to close at 4,878.65 points from the previous session. The two other indices also closed in the red. The DS30, comprising blue chips lost 3.60 points or 0.19 per cent to close at 1,804.45 points. The DSE Shariah Index dropped 3.05 points or 0.26 per cent to close at 1,147.34 points. Turnover rose to Tk 2.38 billion, registering an increase of 19 per cent over the previous session’s value of Tk 2.00 billion. The losers took a lead over the gainers as out of 304 issues traded, 146 advanced, 119 declined and 39 remained unchanged on the DSE floor. Fu-Wang Foods Ltd was the most traded stock with shares worth Tk 122.09 million changing hands followed by Western Marine, Agni Systems, Square Pharma and Olympic Industries. The port city bourse, Chittagong Stock Exchange (CSE) ended in red with its Selective Categories Index – CSCX – lost 15.16 points to close at 9,152.75 points. Losers beat gainers 130 to 88, with 30 issues remaining unchanged at the port city bourse that traded 8.31 million shares and mutual fund units with turnover value of Tk 264.50 million.