Stocks return to red amid blockades
7 January 2015, Nirapad News : Stocks have returned to red today after previous day’s positive trend with falling turnover as investors followed cautious stance amid ongoing blockades. The market opened with a positive note, but could not sustain as the session progressed, eventually ended in red. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down marginally by 6.0 points or 0.12 per cent to close at 4,963.66 points. The two other indices also closed negative. The DS30 index, comprising blue chips lost 1.91 points or 0.10 per cent to close at 1,857.15 points. The DSE Shariah Index (DSES) dropped 2.94 points or 0.24 per cent to stand at 1,183.56 points. Turnover value stood at Tk 2.98 billion, registering a decline of 6.58 per cent over the previous 13-session’s high value of Tk 3.19 billion. The gainers took a lead over the losers as out of 311 issues traded, 148 advanced, 120 declined and 43 remained unchanged on the DSE floor. Lafarge Surma Cement was the most traded stock for the fourth consecutive trading sessions with shares worth Tk 175.94 million changing hands followed by DESCO, MJL BD, Beximco Pharma and Saif Powertec. Alltex Industries was the day’s top gainer, positing a rise of 10.07 per cent while Northern Jute Manufacturing Company was the worst loser, plunging 8.29 per cent. The port city bourse, Chittagong Stock Exchange (CSE) also closed in red with its Selective Categories Index – CSCX – lost 16.79 points to close at 9,191.35 points. Losers beat gainers 111 to 98, with 38 issues remaining unchanged at the port city bourse that traded 7.07 million shares and mutual fund units with turnover value of Tk 349.15 million.