DHAKA: Stocks slipped into the red on Monday (May 6), snapping straight three days upward rally, as investors preferred booking profit over taking new positions ahead of Holy Ramadan.
However, the turnover in DSE, the important indicator of the market, declined to Tk 4,673.45 million from the Sunday’s Tk 5,359.59 million.
DSEX, the key index of DSE, lost 52.82 points or 0.97 percent to settle at 5,342.08 points.
Two other indices followed the same trend. Shariah index-DSES shed over 6.96 points or 0.56 percent to settle at 1,233.64 points.
DS-30 went down by 20.44 points or 1.07 percent to close at 1,881.21 points.
“The bourses opened in higher but failed morning buoyancy that did not sustain after half an hour of the session as most of the investors preferred booking profit over taking new positions ahead of Holy Ramadan”, said eblsecurities, in its daily market analysis.
Losers dominated the day’s trading on DSE as out of a total 341 traded issues, 60 gained against 254 losing securities and 27 remained unchanged.
Fortune Shoes Ltd was topped the turnover leaders with shares worth Tk 359.30 million traded followed by Esquire Knit Composite and National Polymer Industries.
Top five losers were TUNGHAI, EMERALDOIL, DHAKABANK, FEDERALINS and GENNEXT.
In the port city Chattogram, the CSE ended lower with its All Share Price Index – CASPI –losing 108.73 points or 0.65 percents to close at 16,394.70.
The losers beat the gainers as 167 issues closed down against 54 gaining issues and 15 remained unchanged on the CSE.
The port city bourse traded 7.78 million shares and mutual fund units worth Tk 203.11 million in turnover.
BDST: 1938 HRS, MAY 6, 2019
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