Stocks end lower for 2nd day with sluggish turnover

Stocks witnessed a marginal fall Sunday amid high volatility as investors remained cautious.

The market started with a mixed trend amid high volatility and choppy trading sustained throughout the session. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 20.09 points or 0.41 per cent to end at 4,844.35. The two other indices also ended in the red. The DS30 index, comprising blue chips, fell 5.25 points or 0.28 per cent to finish at 1,881.58. The DSE Shariah Index (DSES) shed 3.43 points or 0.28 per cent to end at 1,193.64.

Turnover, the crucial indicator of the market, fell to Tk 6.73 billion, which was 2.18 per cent lower than the previous session’s Tk 6.88 billion. The losers took a marginal lead over the gainers as out of 320 issues traded, 169 closed loser, 134 higher and 39 remained unchanged on the DSE trading floor. United Power Generation and Distribution Company remained the day’s top turnover leader with shares of Tk 569 million changing hands followed by Lafarge Surma Cement, ACI, BSCCL and SPCL Windsor. CVO Petrochemicals was the day’s best performer, posting a rise of 8.73 per cent while Renwick Jajneswar One was the day’s worst loser, plunging by 4.69 per cent.

The port city bourse Chittagong Stock Exchange (CSE) also closed slightly lower with its Selective Categories Index – CSCX – lost 25 points to end at 9,055. Losers beat gainers 128 to 101, with 25 issues remained unchanged on the port city bourse that traded 13.41 million shares and mutual fund units with a value of Tk 566 million. -FE