Stocks slip for second day amid choppy trading

Stocks slipped for the second session in a row on Tuesday amid choppy trading as late hours profit-taking sale wiped-out early gain. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 16.63 points or 0.31 per cent to close at 5,292.60 points. The DS30, comprising blue chips, lost 0.84 points or 0.04 per cent to close at 1,993.27 points. However, the DSE Shariah Index managed to close in positive territory like previous session, gaining 2.36 points or 0.19 per cent to end at 1,240.10 points. Turnover on DSE again crossed Tk 10-billion mark and amounted to Tk 10.97 billion, registering an increase of 9.15 per cent over the previous session’s value of Tk 10.05 billion. Losers outpaced gainers as out of 306 issues traded, 148 declined, 140 advanced and 18 remained unchanged on the DSE floor. Square Pharma was the day’s most traded stocks with shares worth Tk 695.33 million changing hands followed by MJL BD, GP, Beximco and Delta Life Insurance. ACI Formulations was the day’s highest gainer, posting a rise of 9.97 per cent while Savar Refractories was the day’s worst losers, losing 7.27 per cent. The port city bourse, Chittagong Stock Exchange (CSE) also saw marginal correction with its Selective Categories Index – CSCX – lost 36.03 points to close at 9,935.84 points. Losers beat gainers 138 to 83, with 15 issues remaining unchanged at the port city bourse that traded 20.10 million shares and mutual fund units, turnover value of Tk 679.22 million.