Stocks slip into red with low turnover

Stocks ended lower on Wednesday, after remaining flat in the last two trading sessions, as investors went on selling spree following dismal export earnings data.

The market opened with mixed trends and fell steadily almost throughout the session. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 32.70 points or 0.67 per cent to settle at 4,800.62.

The two other indices saw sharp decline. The DS30 index, comprising blue chips, fell 15.05 points or 0.82 per cent to finish at 1,827.82. The DSE Shariah Index (DSES) shed 9.18 points or 0.79 per cent to end at 1,158.98.

Turnover fell to Tk 3.98 billion, which was 4.0 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 issues traded, 185 closed lower, 102 ended higher and 34 remained unchanged.

Beximco Pharma dominated the day’s turnover chart with shares of Tk 219 million changing hands followed by Far Chemical Industries, GP, Lafarge Surma and Brac Bank.

EBL NRB Mutual Fund was the day’s best performer, posting a rise of 9.30 per cent while Alltex Industries was the day’s worst loser, plunging by 5.72 per cent.

The port city bourse Chittagong Stock Exchange (CSE) closed lower with its Selective Categories Index – CSCX – shedding 67.43 points to end at 8,953.49.

Losers beat gainers 147 to 83, with 19 issues remained unchanged on the port city bourse that traded 16 million shares. -FE