Stocks return to red with low turnover

Stocks returned to the red on Sunday, after previous day’s marginal gain, as late sale pressure wiped off early gains.
The market opened higher, gaining 18 points within first hour of trading, but could not sustain the momentum amid sale pressure, eventually, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,602.51, shedding 5.80 points or 0.12 per cent.
The DSE Shariah Index (DSES) dropped 1.40 points or 0.12 per cent to end at 1,105.07.
However, the DS30 index, comprising blue chips, managed to close green with a fractional gain of 0.07 point to finish at 1,747.50.
Turnover dropped to Tk 3.33 billion on DSE, which was 22.38 per cent lower than the previous session’s Tk 4.29 billion.
The losers took a strong lead over the gainers as out of 321 traded issues, 172 closed lower, 107 higher and 42 remained unchanged on the DSE trading floor.
Beximco dominated the turnover chart with shares of Tk 154 million changing hands followed by Beximco Pharma, Delta Life Insurance, Emerald Oil andQuasem Drycells.
Desh Garment was the day’s best performer, posting a rise of 6.83 per cent while LR Global Bangladesh Mutual Fund One was the day’s worst loser, plunging by 9.68 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed in the red with its Selective Categories Index – CSCX – losing 15.56 points to 8,534.50.
Losers beat gainers 123 to 78, with 33 issues remaining unchanged on the port city bourse that traded 6.66 million shares and mutual fund units with a value of Tk 203 million.
--Babul/Shuvo--