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Dhaka Tribune

Stocks fall for 6th straight session

Update : 14 Dec 2015, 07:06 PM

Stocks continued to decline for the sixth session in a row amid volatility yesterday.

The market had a slight uplift at the opening hour, which was subsequently battered by a heavy sell pressure. The buyers, however, came forward from the mid-session, refraining the index to fall any further.

The benchmark index DSEX lost marginally 9 points or almost 0.2% to 4,534.

The Shariah index DSES inched 1.5 points or 0.2% down to 1,094. The blue chip comprising index DS30 settled at 1,724, slightly shedding 1.5 points.

The Chittagong Stock Exchange Selective Category Index CSCX was down 38 points to 8,410. Investors continued to prefer to stay on the sidelines as the DSE turnover stood at Tk335 crore, which is up over 22% over the previous session.

But the market breadth remained negative as out of 313 issues traded, 81 advanced, 185 declined and 47 remained unchanged.

The rise in activities, however, can be attributed to debutant Regent Textile which was the second biggest in terms of turnover and accounted for nearly 10% of the total turnover.

The debutant, however, performed poorly, as it closed at Tk25.5, up only 2% over its offer price.

On sectoral front, life insurance, pharmaceuticals and banks closed positive while cement, food and allied, power, cement and non-banking financial institutions declined marginally. Telecommunications closed unchanged.

Beximco Pharmaceuticals was the most traded share with a turnover worth Tk33.4 crore.

Other top turnover leaders were Square Pharmaceuticals, Quasem Drycells, Delta Life Insurance, BSRM Steel, BRAC Bank, SAIF Powertec, Aftab Automobiles, KDS Accessories, Lafarge Surma Cement and FAR Chemical.

After Regent Textile, Global Insurance was the highest gainer rising over 6%, followed by Desh Garments, Apex Spinning, ICB AMCL Second Mutual Fund, Renwick Jajneshwar, Meghna Life Insurance, Delta Life Insurance, Aftab Automobiles and Nitol Insurance.

The top losers were Bangladesh Industrial Finance Company, Hakkani Pulp and Paper, Shinepukur Ceramics, GQ Ball Pen, Eastern Insurance, SIM Textile, ISN Limited, Tosrifa Industries, Al-haj Textile and Aziz Pipes. 

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