DSE, CSE close in red

Both the bourses of the country closed on Monday in red after breaking the uptrend of three trading days.

The premier bourse, Dhaka Stock Exchange (DSE) registered a fall in all indexes. The main index, DSEX declined by 12.49 points stood at 5,160.37 while the shariah index, DSES dropped by 4.25 points at 1189.68 and the blue chips, DS30 index fall by 10.09 points stood at 1826.68, BSS reports.

Market turnover, however, increased and stood at Taka 4.8 billion by the end of the session which is 3 percent higher than Sunday.

In DSE, a total of 12.61 crore shares and mutual funds of 353 companies were traded, of which 130 companies handed over with higher price while 183 with lower price and 80 companies remained unchanged.

According to a market operator, EBL securities, GP’s share fell and price correction of some of the Multinational Companies (MNCs) today led the market to negative territory. The core index experienced volatile trading throughout the session, but selling pressure outweighed the buying pressure which triggered the bourse to settle in red. Investors exerted selling pressure on sector specific stocks especially from Telecom, Fuel and Power and Bank sectors.

Sectors showed mixed performance today. Sector wise performance exposed that Jute(3.9%), Mutual Fund(2.6%) and Ceramic(2.0%) sector experienced highest price appreciation while Telecom(-4.5%), General Insurance(-1.0%) and Paper(-0.9%) sector experienced highest price correction.

Investors’ attention was mostly concentrated on Engineering (17.9%), Pharma (16.7%) and Textile (13.0%) sectors.

In DSE, the top ten gainers were Alhaj Tex, Pragati Life Insurance, ICB AMCL First Agrani Bank Mutual Fund, Prime Bank First ICB AMCL Mutual Fund, Monno Ceramics, Western Marine Shipyard, Exim Bank First Mutual Fund, CAPM IBBL Mutual Fund, SEML FBSL Growth Fund and Monno Stapler.

Copper tech industries topped in terms of transaction followed by Square Pharma, Monno Ceramics, United Power, Bangladesh Shipping Corporation, Monno Stafflers, Fortune shoes and Dragon Sweater.

Besides, the top ten losers were SEML IBBL Shariah Fund, BD Wielding, Tallu Spinning, Grameenphone, United Insurance, Makson Spinning, Eastern Lubricant, Tosrifa Industries and Emerald Oil.

The port city bourse, Chittagong Stock Exchange (CSE) also closed in red zone today. CSCX & CASPI decreased by 3.7 and 5.3 points respectively