Stocks, turnover decline on DSE

Stocks plunged on Sunday, the opening day of the week, with turnover dipping below Tk 4.0 billion-mark again as investors went on selling spree.
The market opened slightly lower and the downturn continued as the session progressed. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,814.60, after losing 42.35 points or 0.87 per cent.
The two other indices also saw significant losses. The DS30 index, comprising blue chips, lost 16.66 points or 0.90 per cent to finish at 1,834.61. The DSE Shariah Index (DSES) dropped 12.02 points or 1.01 per cent to end at 1,170.11.
Turnover dropped to Tk 3.36 billion, which was 20.75 per cent lower than the previous session’s Tk 4.24 billion.
The losers took a strong lead over the gainers as out of 322 issues traded, 239 closed lower, 56 ended higher and 27 remained unchanged.
Far Chemical Industries dominated the day’s turnover chart with shares of Tk 160.80 million changing hands followed by Saif Powertec, Lafarge Surma Cement, Summit Alliance Port and Square Pharma.
Rahim Textile was the day’s best performer, posting a rise of 5.88 per cent while EBL First Mutual Fund was the day’s worst loser, plunging by 6.38 per cent.
The port city bourse Chittagong Stock Exchange also closed lower with its Selective Categories Index – CSCX – shedding 64.14 points to end at 8,983.82.
Losers beat gainers 165 to 41, with 30 issues remained unchanged on the port city bourse that traded 6.75 million shares and mutual fund units with a value of Tk 225 million.
--RMC--