Stocks maintained sluggish trend on Thursday as most of investors took their caution mood for disappointing dividend earnings of some companies recently, market analysts said.
They said stocks saw negative note at both the bourses as investors were mostly inactive for some securities, especially banking sector shares, which pushed the market down.
On the other hand, many investors showed selling spree for booking profit on the day, they added.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) lost 25.65 or 0.48 percent to settle at 5,258. Meanwhile, the blue chips index (DS30) lost 12.68 points or 0.67 percent to finish at 1,865. The DSE Shariah Index (DSES) was 6.43 points or 0.52 percent lower than the previous session’s level and closed at 1,216 points.
On the other hand, the total turnover in value on the DSE reached Tk 5,299.59 million, showing 3 percent higher from Tk 5,147.14 million in the previous day.
At the DSE, total 250 issues were traded. Among them, 118 closed higher, 174 ended lower and 50 remained unchanged.
SK Trims Industries dominated the DSE floor and topped the turnovers’ chart with 5.16 million shares changing hands for Tk 193 million.
It was followed by Khulna Power (Tk 184 million), Intech (Tk 184 million), United Power (Tk 165 million) and Nurani Dyeing (151 million)
KDS Accessories was the day’s best performer with 9.92 percent growth in share prices to close at Tk 60.9 while United Insurance was the day’s worst loser, falling by 9.79 percent to Tk 24.9.
Meanwhile, the Chittagong Stock Exchange (CSE), the port city bourse, saw a negative trend on Thursday with selective category index (CSCX) losing 21 points to end at 9,795.
On the other hand, the CSE All Share Price Index (CASPI) moved down by 30 points to settle at 16,161.
At the CSE, total 239 issues were traded. Among them, 101 closed higher, 102 ended lower and 36 remained unchanged.
However, the number of shares transacted on the CSE floor was 10,119,159 and the total turnover in value was almost Tk 31.6 crore.