Bourses start week in plummet

Country’s premier bourse, Dhaka Stock Exchange (DSE), began week on Sunday registering sharp decline as risk averse investors continued their sell-off on selective large-cap issues. The broad index, DSEX closed at 4388.75 points on Sunday, the first working day of the week, with a loss of 64.20 points or 1.44 percent.

Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went down by 21.40 points and 14.99 points to settle at 1492.45 points and 1012.41 points respectively. On the DSE trading floor, a total number of 121,475 trades were executed in today’s trading session with a trading volume of 133.00 million securities.

Losers took a strong lead over gainers as out of 356 issues traded, 43 securities gained price while 271 declined and 42 remained unchanged. The top 10 gainers were Tasrifa Industries, Matin Spinning, Green Delta Insurance, Prime Tex, Prime Finance First Mutual Fund, Oimax Electro, Dragon Sweater, Hwawelltex and Beacon Pharma.

LafargeHolcim Bangladesh topped the turnover chart followed by BSC, AND Telecom, Singer BD, Indo-Bangla Pharma, Square Pharma, Coppertech Industries, Northern Jute, BSCCL and SS Steel. The top 10 losers were Delta Spinning, Apex Spinning, Mercantile Insurance, Jute Spinners, United Air, Gemeni Sea Food, AB Bank First Mutual Fund, BSC, VFS Thread and BSCCL.

On the other hand, port city bourse, Chittagong Stock Exchange (CSE), also closed at red extending the losing streak of previous day. CSCX and CASPI declined by 81.59 points and 130.98 points to stand at 8130.37 points and 13411.60 points respectively.

At CSE, a total of 6,720,404 shares and mutual fund of 226 companies were traded, of which 47 issues advanced while 152 declined and 27 issues remained unchanged.