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DSE gains, CSE slides amid volatile trading

Published : Thursday, 5 December, 2019 at 12:00 AM  Count : 47
Business Correspondent

Indices on the Dhaka Stock Exchange (DSE) gained marginally reversing a two-day losing streak, while the indicators on the Chittagong Stock Exchange (CSE) extended losing streak following volatile trading on Wednesday.
At the end of the session, DSEX, the prime index of the DSE advanced by 5.63 points or 0.11 per cent to settle at 4,702, after losing 61 points in the past two sessions.
Two other indices also edged up as the DS30 index, comprising blue chips, bagged 0.38 point to finish at 1,617 and the DSE Shariah Index also edged up 0.70 point to close at 1,061.
Turnover rose to Tk 4.62 billion, which was 12 per cent higher than the previous day's turnover of Tk 4.12 billion.
Gainers took a modest lead over the losers as out of 352 issues traded, 167 ended higher, 134 closed lower and 51 remained unchanged on the DSE trading floor.
A total number of 137,149 trades were executed in the day's trading session with trading volume of 193.37 million shares and mutual fund units.
The market-cap of the DSE stood at Tk 3,537 billion on Wednesday, from Tk 3,538 billion in the previous session. Sonar Bangla Insurance topped the turnover chart with shares worth Tk 196 million changing hands, closely followed by Sinobangla Industries, SK Trims & Industries, Paramount Insurance and LafargeHolcim.
New Line Clothings was the best performer, posting a gain of 9.93 per cent while ACI was the worst loser, losing 17.79 per cent following its price adjustment after record date.
The CSE lost for the third consecutive day as its All Shares Price Index (CASPI)-slid 10 points to close at 14,294 and the Selective Categories Index - CSCX -lost 8.0 points to finish at 8,676.
The gainers beat losers as 115 issues closed higher, 103 ended lower and 38 remained unchanged on the CSE. The port city bourse traded 12.39 million shares and mutual fund units worth nearly Tk 285 million in turnover.

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