Stocks maintain downtrend as major sector dip – Business – observerbd.com

Both the stock markets were down further on Thursday due to mainly price fall in large-cap securities despite higher transactions.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 9.76 points or 0.19 per cent to settle at 4,879.

Two other indices, however, edged higher. The DS30 index, comprising blue chips, gained 1.14 points to finish at 1,701 and the DSE Shariah Index rose 2.60 points to close at 1,128.

Turnover, a crucial indicator of the market, remained low and amounted to Taka 5.83 billion, which was Taka 7.0 per cent higher than the previous day’s turnover of Taka 5.45 billion.

Losers took a strong lead over the gainers as out of 327 issues traded, 165 closed lower, 93 ended higher and 69 issues remained unchanged on the DSE trading floor.

Beximco Pharma continued to dominate the turnover chart with 4.51 million shares worth Taka 668 million changing hands, followed by Square Pharma, Brac Bank, Beximco and Grameenphone.

Bangladesh Lamps was the day’s best performer, posting a gain of 9.21 per cent while Genex Infosys was the worst loser, losing 9.15 per cent following its price adjustment after record date.

The Chittagong Stock Exchange also edged lower with its All Shares Price Index (CASPI)—losing 16 points to close at 13,968 while the Selective Categories Index – CSCX shedding 10 points to close at 8,410.

Of the issues traded, 118 declined, 73 advanced and 43 remained unchanged on the CSE.

The port city bourse traded 7.34 million shares and mutual fund units with turnover value of more than Taka 148 million.

BSS/GY

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