Stocks end on a mellow note after bumpy ride


FE Online Report | Published: November 15, 2018 16:01:29 | Updated: November 19, 2018 15:29:22


DSE, CSE end on a mellow note

Stocks ended on a mellow note on Thursday after volatile trading as investors were mostly followed cautious stance.

Market insiders said some investors closely eyeing on the political situation as election nears while some were busy with rebalancing their portfolio, taking the market in the flat territory.

After witnessing volatility throughout the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,244, shedding 0.95 point or 0.02 per cent over the previous day.

The DS30 index, comprising blue chips, also fell 4.16 points to finish at 1,856. However, the DSE Shariah Index advanced 1.31 points to close at 1,208.

Turnover, another important indicator of the market, fell to Tk 5.56 billion, which was 12 per cent lower than the previous day’s Tk 6.31 billion.

A total number of 129,799 trades were executed in the day’s trading session with trading volume of 130.75 million securities.

The market capitalisation of the DSE stood at Tk 3,813 billion on Thursday which was Tk 3,814 billion in the previous day.

The losers took a modest lead over the gainers as out of 311 issues traded, 141 advanced, 127 declined and 43 issues remained unchanged on the DSE trading floor.

Khulna Power Company topped the DSE turnover chart with 4.70 million shares worth Tk 402 million changing hands.

The other turnover leaders were United Power, SK Trims Industries, Intech and Saiham Cotton Mills.

Khulna Power was also the day’s best performer, posting a gain of 9.97 per cent while Samata Leather Complex was the worst loser, losing 9.92 per cent.

The port city bourse CSE closed ended slightly lower with its CSE All Share Price Index – CASPI –losing 19 points to settle at 16,055 and the Selective Categories Index - CSCX –shedding 10 points to finish at 9,729.

The losers beat gainers as 103 issues closed lower, 95 ended higher and 29 remained unchanged on the CSE.

The port city bourse traded 8.27 million shares and mutual fund units worth more than Tk 227 million in turnover.

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