Stocks edge lower amid dull trading

The market edged marginally lower on Sunday with turnover dropped further as investors remained reluctant to make fresh investments amid shaky sentiment. DSEX, the prime index of the Dhaka Stock Exchange ended at 4,322.26, shedding 6.14 points or 0.14 per cent from previous session. The other two indices also closed in red. The DS30, comprising blue chips lost 9.58 points or 0.58 per cent to close at 1,593.88 points while the DSE Shariah Index (DSES) lost 4.17 points or 0.42 per cent to close at 988.79 points. The total turnover on DSE came down to Tk 2.23 billion which was 16.16 per cent lower from previous session’s value of Tk 2.66 billion.However, the market breadth remained positive, as out of 292 issues traded, 140 advanced, 114 declined and 38 remained unchanged on the DSE floor. Lafarge Surma Cement was the most traded stocks for the fifth sessions with shares worth Tk 342.60 million changing hands followed by GP, Square Pharmaceuticals, BSCCL and Beximco. Monno Stafflers was the day’s highest gainer, posting a rise of 8.69 per cent while Asia Insurance was the day’s worst loser, slumping by 13.63 per cent following its price adjustment after record date. The port city bourse, Chittagong Stock Exchange (CSE) also closed in red with its Selective Categories Index – CSCX – lost 30.31 points to close at 8,234.56 points. Gainers beat losers 95 to 59, with 27 issues remaining unchanged at the port city bourse that traded 4.61 million shares and mutual fund units with turnover value of Tk 166.85 million.