Stocks slip into red again

Stocks slipped in the red again today (Tuesday) after previous session’s upturn with falling turnover as investors remained  cautious. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 29.83 points or 0.61 per cent to close at 4,838.63 points from the previous session. The two other indices also closed in red. The DS30, comprising blue chips lost 11.01 points or 0.61 per cent to close at 1,791.40 points. The DSE Shariah Index dropped 5.93 points or 0.51 per cent to close at 1,142.93 points. Turnover came down to Tk 2.02 billion, registering a decline of 24.34 per cent over the previous session’s value of Tk 2.67 billion. The losers took a lead over the gainers as out of 309 issues traded, 186 declined, 88 advanced and 35 remained unchanged on the DSE floor. Lafarge Surma Cement was the most traded stock with shares worth Tk 112.71 million changing hands followed by BRAC Bank, DESCO, Beximco Pharma and GP. The port city bourse, Chittagong Stock Exchange (CSE) also closed in the red with its Selective Categories Index – CSCX – lost 46.02 points to close at 9,052.92 points. Losers beat gainers 144 to 65, with 32 issues remaining unchanged at the port city bourse that traded 7.16 million shares and mutual fund units, turnover value of Tk 706.06 million.