Stocks slip into red with low turnover

Stocks slipped into the red on Tuesday after showing feeble turnaround in the previous session as investors mostly followed cautious stance. The market opened in buoyant mood in the morning, but these early enthusiasms faded away, as sellers took control of the movement of most shares. The benchmark index of the Dhaka Stock Exchange – DSEX – went down by 7.45 points or 0.15 per cent to settle at 4,784.46, after gaining around 23 points in the last five sessions. The two other indices also ended in the red zone. The DS30 index, comprising blue chips, lost 2.44 points or 0.56 per cent to end at 1,829.46. The DSE Shariah Index (DSES) shed 2.10 points or 0.17 per cent to close at 1,175.76. Turnover, another important indicator of the market, came down to Tk 4.45 billion, which was 5.92 per cent lower than the previous session’s Tk 4.73 billion. The market breath remained negative as out of 320 issues traded, 172 closed lower, 108 higher and 40 remained unchanged on the DSE trading floor. The newly listed Aman Feed dominated the day’s turnover chart for the sixth consecutive sessions with shares of Tk 202 million changing hands followed by United Airways, Linde BD, Emerald Oil and Square Pharma. ICB Employees Provident MF 1: Scheme 1 was the day’s best performer, posting a rise of 8.47 per cent while AIMS First Mutual Fund was the day’s worst loser, plunging by 29.50m per cent following its price adjustment after record date. The port city bourse Chittagong Stock Exchange (CSE) also closed in the red with its Selective Categories Index – CSCX – lost 36.50 points to end at 8,904.58. Losers beat gainers, 161 to 77, with 20 issues remained unchanged on the port city bourse that traded 10.16 million shares and mutual fund units with a value of Tk 324.49 million.
--RMC--