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Stocks dip on negative vibe in market

WT24 Desk
Key share price indices at the country’s twin bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) — dropped on Wednesday, the fourth trading day of the week, UNB reports. The DSE key index, DSEX dropped 9.96 points or 0.22 percent to close at 4579.37 on the day. Of the 315 issues traded, 123 gained, 147 declined and 45 remained unchanged. Shares worth Tk 262.56 crore changed hands at the DSE on Wednesday as against Tk 297.06 crore on Tuesday.   Analysing the day’s money market situation, LankaBangla Securities said, “Index ended the day in negative territory but off their lows for the session. Benchmark index slipped 9.96 points after breaking the near term support level of 4625 yesterday (Tuesday).”

“The modest weakness was seen today as investors cashed in on some of the recent strengths in the market as weak earnings announcement continued to send negative vibe in market. However, banking stocks capped the volatile day at the end of the session,” the stockbroker added.

Far Chemical Industries was the top loser at Dhaka bourse while other companies on the top ten loser list were Bengal Windsor Thermoplastics, Aziz Pipes, National Tubes, International Leasing & Financial Service, Zaheen Spinning, Monno Ceramic, Modern Dyeing & Screen Printing and Renwick Jajneswar.

The top five turnover leaders at the DSE were Singer Bangladesh, Lafarge Surma Cement, KDS Accessories, C & A Textiles and United Airways.   Top five gainers at the DSE were Delta Spinners, Anlimayarn Deying, Standard Ceramic, Desh Garmants and Nitol Insurance.

The key index at the Chittagong Stock Exchange (CSE), CASPI lost 32.94 points to reach 13994.46 at close on Wednesday. Of the 235 issues traded, 80 advanced, 120 suffered loss and 35 remained unchanged.  The value of the traded issues at the port city bourse was Tk 22.44 crore on the day.

 

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