Bourses witness big correction


Country’s premier bourse, Dhaka Stock Exchange (DSE) today witnessed a big correction as shaky investors rushed for sell off their shares to escape any loss, reports BSS. The broad index, DSEX closed at 4123.48 points on Monday with a loss of 88 points or 2.11 percent.

Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went down by 27.92 points and 20.18 points to settle at 1387.78 points and 929.96 points respectively. On the DSE trading floor, a total number of 115,785 trades were executed in today’s trading session with a trading volume of 114.18 million securities. Losers took a strong lead over gainers as out of 354 issues traded, 21 securities gained price while 313 declined and 20 remained unchanged.

The top 10 gainers were ISN, EBL NRB Mutual Fund, Renata, Navana CNG, BBS, Beacon Pharma, Prime Finance First Mutual Fund, Vanguard AML BD Mutual Fund- 1, AIBL First Islami Mutual Fund and Green Delta First Insurance. LafargeHolcim Bangladesh topped the turnover chart followed by ADN. Telecom, Ring Shine, KPCL, Beacon Pharma, Western Marine Shipyard, Northern Jute, Standard Ceramics, Grameenphone and SS Steel. The top 10 losers were SS Steel, Emerald Oil, Meghna Condensed Milk, Tung Hai Industries, Ring Shine, SEML FBSL Growth Fund, FAS Finance, Beach Hatchery, Pravati Insurance and CAPM IBBL Mutual Fund.

On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also closed at red from the gaining trend of previous day. CSCX and CASPI declined by 148.37 points and 238.70 points to stand at 7612.96 points and 12570.09 points respectively. At CSE, a total of 7,868,886 shares and mutual fund of 252 companies were traded, of which 28 issues advanced while 206 declined and 18 issues remained unchanged.