Stocks return to red

The prime index of the Dhaka Stock Exchange returned to the red today after a day's gain as blue-chip stocks dropped amid the selling pressure of institutional investors.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged down 6 points, or 0.10 per cent, to 6,494 at the end of the day.

The DS30, the index that consists of blue-chip companies, lost 0.34 per cent to 2,308, while the DSES, the Shariah-complaint index, fell 0.58 per cent at 1,419.

Turnover, however, rose 42 per cent to Tk 1,410 crore at the Dhaka bourse which was Tk 994 crore a day earlier.

At the DSE, 101 stocks advanced, 93 declined and 175 remains unchanged.

The Peninsula Chittagong topped the gainers' list that, advancing 10 per cent. Sena Kallyan Insurance, Navana CNG, Far East Knitting, and Eastern Housing also rose over 9 per cent.

BDCOM Online suffered the highest correction, sliding almost 7.5 per cent. Tamijuddin Textiles, Beacon Pharmaceuticals, Aziz Pipes, and Apex Spinning also decline more than 5 per cent.

The CASPI, the all-share price index of the Chattogram Stock Exchange, went down 10 points, or 0.56 per cent to end at 19,110.

Of the issues on the city bourse, 73 advanced, 67 declined, and 118 did not show any price movement.