Stocks index decline continue

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Economic Reporter :
The main index of country’s stock market is stuck in the price fall circle. In continuation of the previous working day, on Tuesday, the third working day of the week, most of shares and units prices drastically declined and the major indices of both Dhaka and Chittagong Stock Exchanges were found losing with lower activities of some large-cap securities.

On the day the index extended its losing streak as the risk-averse investors preferred to book profit on quick-gaining shares.

DSEX, the key index of the Dhaka Stock Exchange (DSE), closed the day with 44.11 points down and settled at 6,131.14 points. The DS30 index, comprising blue chips, fell 10.61 points to finish at 2,097.71 and the DSE Shariah Index (DSES) closed the day with 4.27 points down to close at 1,340.36.

Turnover, a crucial indicator of the market, increased to Tk 8,437.26 million on the premier bourse, which was Tk 7,936.80 million at the previous session of the week. Out of 397 issues traded, 232 closed lower, 102 remained higher and 63 others remained unchanged on the DSE trading floor.

Trading at the end of the day, 102 companies have perform to price up on DSE’s list. On the other hand, price of 232 firms has dropped while the 63 companies price remains unchanged. In this, DSEX, the main index of DSE fall by 44 points to 6131 points.

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CITYGENINS became the most-traded stock, followed by BATBC, FUWANGCER, CENTRALPHL and LOVELLO.

GOLDENSON was the day’s top gainer, soaring 9.55 per cent while ACTIVEFINE was the worst loser, losing 9.84 per cent.

The Chittagong Stock Exchange (CSE) also fell sharply with the CSE All Share Price Index (CASPI) losing 144.78 points to settle at 17,595.48 and its Selective Categories Index (CSCX) shedding 81.27 points to close at 10,559.16.

Of the issues traded, 134 declined, 82 advanced and 39 issues remained unchanged. The port-city bourse traded 41.75 lakh shares and mutual fund units with a turnover value of Tk 12.74 crore.