Stocks open week slump amid low turnover

Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Sunday closed trading in a slump as risk-averse investors mostly followed a cautious stance and opted for quick-profit on selective issues amid ongoing virus fears. 

Following the previous two weeks’ moderate gain, the Dhaka Stock Exchange and the Chittagong Stock Exchange saw volatility at opening this morning amid lower trading activities.

DSEX, the benchmark index of the DSE, went down by

49.70 points or 0.89 cent to settle at 5,519, after gaining 5.19 points in

the previous session. 

Two other indices also ended lower with the DSE 30 Index, comprising

blue chips, lost 28.37 points to finish at 2,126 and the DSE Shariah Index

(DSES) dropped 7.96 points to close at 1,257.

Turnover, a crucial indicator of the market, dropped to Taka 6.22

billion, which was nearly 23 percent lower than the previous day’s turnover

of Taka 8.09 billion. Losers took a strong lead over the gainers, as out of 351 issues traded, 172 declined, 75 advanced and 104 issues remained unchanged on the DSE trading floor.

Beximco – the flagship company of Beximco Group- was the most-traded

stock with shares worth about Tk 819 million changing hands, followed by Robi

(Tk 362 million), Summit Power (Tk 336 million), Lu-rref (Tk 319 million) and

LafargeHolcim Bangladesh (Tk 304 million).

Rahima Food was the day’s top gainer, posting a gain of 8.74 percent

while Lub-reef (Bangladesh) was the worst loser, losing 6.68 percent. A total number of 147,401 trades were executed in the day’s trading session with a trading volume of 162.93 million shares and mutual fund units. The market-cap of DSE also dropped to Tk 4,778 billion on Sunday, down from Tk 4,828 billion in the previous session.

The Chittagong Stock Exchange (CSE) also closed lower with the CSE All

Share Price Index – CASPI -losing 136 points to settle at 16,027 and the

Selective Categories Index – CSCX shedding 81 points to close at 9,668.

Of the issues traded, 125 declined, 55 advanced and 54 remained

unchanged on the CSE. The port city’s bourse traded 8.11 million shares and mutual fund units with a turnover value of Taka 294 million.