Stocks slip on risk-off sentiment

Dhaka,  Tue,  25 July 2017
Published : 13 Jul 2017, 11:51:19
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DSE, CSE down on profit taking spree

Stocks slip on risk-off sentiment
FE Online Report
The prices of most of the shares on both bourses witnessed downward trend in early hour of trading Thursday as risk-averse investors continued on profit taking mood.

After previous day’s major correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened with a positive note.

Within 10 minutes of trading, the key index of the country’s prime bourse rose 24 points while the Selective Category Index of port city bourse advanced 9.0 points at 10:45am.

After 30 minutes of trading, DSEX fell 11.65 points while the Selective Category Index of port city bourse dropped 22 points at 11:00am when the report was filed.

DSEX, the prime index of the DSE, went down by 11.65 points or 0.20 per cent to come down at 5,779 points, when the report was filed at 11:00am.

However, the two other induces stayed positive trend till then. The DS30 index, comprising blue chips advanced 1.31 points or 0.06 per cent to 2,118 points. 

The DSE Shariah Index (DSES) gained 1.21 points or 0.09 per cent to stand at 1,318 points.

Turnover, the important indicator of the market, stood at Tk 1.60 billion when the report was filed at 11:00am.

Of the issues traded till then, 61 advanced, 161 declined and 55 remained unchanged.

Keya Cosmetics led the transaction chart of the DSE till then with shares worth Tk 234 million changing hands, closely followed by GP Tk 233 million, Generation Next Fashions Tk 160 million, Islami Bank Tk 88 million and Zaheen Spinning Tk 58 million.

The port city bourse – the Chittagong Stock Exchange – (CSE) also saw downward trend till then with its Selective Category Index – CSCX – losing 22 points to stand at 10,830 points, also at 11:00am.

Of the issues traded till then, 31 gained, 77 declined and 19 issues remained unchanged with BDT65 million in turnover.

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