Stock indices dip slightly

Stocks listed with the Dhaka bourse dropped by the end of yesterday's trading session despite opening on a positive note.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), dropped 4 points, or 0.06 per cent to 7,027.

At the DSE, 142 stocks advanced, 184 fell and 55 remained the same.

The market witnessed a flat session amid choppy trading, International Leasing Securities said in its daily market review.

Trading opened on a positive note amid a cheery vibe in the morning which reversed later as investors maintained a cautious approach amid rising Covid-19 cases, it added.

The top ten traded stocks captured around 31.7 per cent of the day's turnover with Beximco Ltd alone contributing 5.1 per cent of the total amount.

During the session, the textile sector took the market lead considering the upcoming quarter declaration.

Turnover, an important indicator of the market, shot up 9.32 per cent to Tk 1,219 crore.

Bangladesh Building System topped the gainers list, rising 10 per cent, followed by Union Bank, Bangladesh Shipping Corporation, Union Insurance, and BD Thai Food.

Beximco Ltd traded the most, worth Tk 61 crore, followed by Bangladesh Shipping Corporation, Queen South Textiles, Malek Spinning, and RAK Ceramic Industries.

Premier Cement eroded the most, dropping 7.13 per cent, followed by Eastern Insurance, Beacon Pharmaceuticals, Square Textiles, and Heidelberg Cement.

The Chittagong Stock Exchange (CSE) also slid yesterday. The CASPI, the main index of the port city bourse, fell 11 points, or 0.05 per cent, to 20,586.

Among 312 traded stocks, 122 rose, 147 fell and 43 remained unchanged.