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The Financial Express

Stocks slip back to red after volatile trading

| Updated: March 12, 2019 17:49:51


Stocks slip back to red after volatile trading

The prime index of the Dhaka Stock Exchange (DSE) dipped below 5700-mark again on Monday, after a single-day break, as risk-averse investors sold shares on sector-wise shares.

Market analysts said investors were mostly on selling mode while some were busy with rebalancing their portfolio ahead of earnings and dividend declaration of financial sectors.

The market opened on negative trend and the downward trend continued until end of the session amid modest volatility.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 19.24 points or 0.33 per cent to finish at 5,690.

The two other indices also ended lower. The DS30 index, comprising blue chips, fell 1.46 points to finish at 1998 and the DSES (Shariah) index lost 2.05 points to settle at 1,308.

Turnover, another important indicator of the market, stood at Tk 5.06 billion, which was 9.52 per cent higher than the previous day’s turnover of Tk 4.62 billion.

A total number of 116,039 trades were executed in the day’s trading session with trading volume of 112.95 million shares and mutual fund units.

The market-cap of the DSE also fell to Tk 4,147 billion, from Tk 4,151 billion in the previous day.

The losers took a strong lead over the gainers as out of 346 issues traded, 199 closed lower, 100 ended higher and 47 issues remained unchanged on the DSE trading floor.

Monno Ceramic Industries topped the turnover chart with shares worth Tk 312 million changing hands, followed by United Power, Dutch-Bangla Bank, Singer Bangladesh and LafargeHolcim Bangladesh.

Safko Spinning Mills was the day’s best performer, posting a gain of 6.43 per cent while Dutch-Bangla Bank was the worst loser, losing 6.52 per cent.

The port city bourse Chittagong Stock Exchange also ended lower with the CSE All Share Price Index – CASPI – shedding 8.45 points to settle at 17,468 while the Selective Categories Index – CSCX –losing 5.50 points to finish at 10,582.

Here too, the losers beat the gainers as 142 issues closed lower, 73 ended higher and 33 remained unchanged.

The port city bourse traded 4.68 million shares and mutual fund units worth Tk 155 million in turnover.

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