DSE turnover dips below Tk 3b-mark

Stocks extended losing streak for the second running sessions on Tuesday with turnover dipping below Tk 3.0 billion-mark after seven months as investors were reluctant to make fresh investments.

The market opened with a downbeat note which sustained till closure of the session. DSEX, the prime index of the Dhaka Stock Exchange (DSE), hit below the 4,600-mark and settled at 4,589.33, after plunging 41.24 points or 0.89 per cent.

The two other indices also closed lower. The DS30 index, comprising blue chips, lost 15.52 points or 0.88 per cent to end at 1,735.69.The DSE Shariah Index (DSES) shed 8.28 points or 0.74 per cent to finish at 1,101.61.

DSE turnover dropped to Tk 2.97 billion, which was 28.43 per cent lower than the previous session’s Tk 4.15 billion.

The losers took a strong lead over the gainers as out of 321 traded issues, 205 closed lower, 74 ended higher and 42 remained unchanged on the DSE trading floor.

Lafarge Surma Cement dominated the day’s turnover chart with shares of Tk 169 million changing hands followed by SPCL, United Airways, KDS Accessories and C&A Textile.

Miracle Industries was the day’s best performer, posting a rise of 9.66 per cent while Olympic Accessories was the day’s worst loser, plunging by 13.34 per cent.

The port city bourse Chittagong Stock Exchange (CSE) closed lower with its Selective Categories Index – CSCX – slumping 71.69 points to end at 8,530.18.

Losers beat gain gainers 155 to 55, with 27 issues remaining unchanged on the port city bourse that traded 8.24 million shares and mutual fund units with a value of Tk 268 million. -FE