SAM

Published:
2019-09-30 16:50:49 BdST

Stocks fall; DSE daily turnover hits six-month high


FT ONLINE

Stocks slipped into the red on Monday, snapping a two-day winning streak, as risk-averse investors went on selling binge on large-cap shares.

The market opened on a positive negative note and the downward trend continued until the end of the session amid modest volatility in the mid-session.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 28.10 points or 0.56 per cent to settle at 4,947.

Two other indices also ended lower. The DS30 index, comprising blue chips, fell 8.01 points to finish at 1,759 and the DSE Shariah Index lost 10.83 points to close at 1,138.

Turnover, a crucial indicator of the market, however, rose to Tk 5.95 billion, which was 55 per cent higher than the previous day’s Tk 3.84 billion.

It was also the highest single-day turnover more than six months since March 13 this year, when turnover totalled Tk 7.08 billion.

Losers took a strong lead over the gainers as out of 354 issues traded, 221 closed lower, 92 ended higher and 41 remained unchanged on the DSE trading floor.

A total number of 136,263 trades were executed in the day’s trading session with a trading volume of 228.24 million shares and mutual fund units.

The market-cap of the DSE fell to Tk 3,738 billion on Monday, from Tk 3,759 billion in the previous session.

Monno Jute Stafflers topped the turnover chart with shares worth nearly Tk 117 million changing hands, followed by Bangladesh Shipping Corporation, Summit Power, National Tubes and Fortune Shoes.

CAPM BDBL Mutual Fund-01 was the day’s best performer, posting a gain of 9.85 per cent while Mithun Knitting was the day’s worst loser, plunging by 9.52 per cent following the news of its suspension of factory operation in Chittagong EPZ.

The port city’s bourse, the Chittagong Stock Exchange, also ended lower with its All Shares Price Index (CAPSI) -- CASPI—losing 62 points to close at 15,046 and the Selective Categories Index - CSCX –shedding 37 points to finish at 9,139.

The gainers beat the losers as 155 issues closed higher, 95 ended lower and 23 remained unchanged on the CSE.

The port city’s bourse traded 26.78 million shares and mutual fund units worth nearly Tk 742 million in turnover.

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