Stocks edge down in volatility

stock Bangladesh

Stocks closed marginally lower amid volatility today, as late profit booking sell-off cut early gains.

The trading remained in positive territory till mid-session but later started to decline staying in a limited range.

The benchmark index of Dhaka Stock Exchange DSEX fell marginally over 4 points to 4,690.

The DS30 index, comprising blue chips, was down over 2 points to 1,776. The DSE Shariah Index DSES also dropped 2 points to 1,123.

The Chittagong Stock Exchange Selective Category Index CSCX moved down 19 points to 8,766.

Trading activities declined significantly as the DSE turnover was Tk5.3 billion, down 22% compared to previous session.

Textile sector was the day’s highest gainer with a rally of over 1%, led by Paramount Textile that surged nearly 8%.

Telecommunications, engineering, food & allied, and tannery sector ended flat in green.

On the other hand, non-banking financial institution was the biggest loser falling 0.8%. Pharmaceuticals, power and banks closed flat in red.

Out of total 322 companies traded on DSE, 137 moved up, 139 down while 46 remained unchanged.

Index moved slightly lower with persistent volatility, said Lanka Bangla Securities. “Investors have shown profit taking tendency at the end of the trading session.”

Mobil Jamuna Limited Bangladesh was the most traded share, followed by BSRM Steel, Paramount Textile, Bangladesh Building System, Lanka Bangla Finance, Bangladesh Shipping Corporation, Yeakin Polymer and Doreen Power.

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