Stocks slip into red again
01 March 2015, Nirapad News: Stocks slipped into the red again Sunday as investors went for late hour selling spree to book short-term profit amid no improvement in the political front. The market opened with a positive note, but could not sustain as the session progressed. At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 23.56 points or 0.49 per cent to close at 4,739.65 points.
The two other indices also closed in the red. The DS30 index, comprising blue chips lost 13.63 points or 0.76 per cent to close at 1,758.78 points. The DSE Shariah Index (DSES) shed 8.24 points or 0.72 per cent to close at 1,122.67 points. Turnover on DSE crossed Tk 3.0 billion mark once again and amounted Tk 3.36 billion, registering an increase of 13.51 per cent over the over the previous session’s value of Tk 2.96 billion.
The losers took a modest lead over the gainers as out of 309 issues traded, 188 declined, 86 advanced and 35 remained unchanged on the DSE floor. Heidelberg Cement was the most traded stock with shares worth Tk 219.55 million changing hands followed by Lafarge Surma Cement, SPCL, SIBL and Singer BD. SIBL was the day’s top gainer, posting a rise of 12.76 per cent while Modern Dyeing was the day’s worst loser, plunging by 9.32 per cent.
The port city bourse, Chittagong Stock Exchange (CSE) also closed slightly lower with its Selective Categories Index – CSCX – lost 4.01 points to close at 8,850.40 points. Losers beat 154 to 50, with 22 issues remaining unchanged at the port city bourse that traded 11.92 million shares and mutual fund units, turnover value of Tk 397.12 million.