Stocks slip into red after four days

Stocks slipped into the red Sunday after four session’s gains with turnover declined slightly as investors booked marginal profit from their previous purchase.The market opened with a positive note and remained positive till mid- session, but it went down slowly as session progressed, eventually ended lower. At the end of the session, the prime index of the Dhaka Stock Exchange (DSE) --- DSEX--- ended at 4,588.78 points, shedding 32.43 points or 0.70 per cent. In the last four consecutive sessions, DSEX added 142.54 points. The other two indices also closed lower. The DS30, comprising blue chips lost 10.06 points or 0.60 per cent to close at 1,660.08 points. The DSE Index (DSES) went down by 4.19 points or 0.41 per cent to close at 1,004.27 points. Turnover value on the DSE came down to Tk 4.61 billion, registering 11.0 per cent decline over the previous session’s value of Tk 5.18 billion. Out of 293 issues traded, 83 advanced, 173 declined and 37 issues closed unchanged on the DSE floor. The total market capitalisation on DSE stood at Tk 2,901.70 billion against Tk 2,913.73 billion in the previous session. Lafarge Surma Cement became the top turnover leaders with shares worth Tk 457.44 million changing hands followed by Heidelberg Cement, GP, Padma Oil and Olympic Industries. Delta Spinners was the day’s highest gainer; posting a rise of 10 per cent while Islami Bank was the day’s worst losers, slumping by 12.09 per cet following its price adjustment after record date. The port city bourse --- the Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index – CSCX-- lost 27.11 points to close at 8,931.93 points. Losers beat gainers 142 to 51, with 30 issues remaining unchanged at the port city bourse that traded 6.83 million shares and mutual fund units, turnover value of Tk 389.51 million.