The Financial Express

Last session of outgoing fiscal’s end lower

| Updated: June 30, 2018 12:57:31

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Stocks end FY18 with negative note

Stocks ended with negative note on Thursday, the last trading session of the outgoing fiscal year (FY18), as investors were on selling mode on selective stocks.

Following the previous day’s downturn, the key index of the major bourse gained 19 points within first 30 minutes of trading. But, rest of the session went down steadily.

Finally, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 23.58 points or 0.43 per cent to settle at 5,405.

Two other indices of the DSE also closed in the red. The DS30 index, comprising blue chips, fell 8.61 points to settle at 1960 and the DSE Shariah index lost 2.33 points to close at 1,263.

Turnover, another important indicator of the market, however, rose to Tk 8.01 billion, which was 14 per cent higher than the previous day’s turnover of Tk 7.03 billion.

Of the traded issues, 104 closed higher, 211 closed lower and 26 remained unchanged on the DSE trading floor.

Ratanpur Steel Re-rolling Mills was the most traded stocks on the DSE turnover chart with shares worth Tk 371 million changing hands, closely followed by Monno Ceramic Industries, Paramount Textile, United Power and BRAC Bank.

Aziz Pipes was the day’s highest gainer, posting a gain of 9.96 per cent while the Khulna Paper & Packaging was the worst loser, losing 9.70 per cent.

The port city’s bourse, CSE, also closed lower with its CSE All Share Price Index – CASPI- losing 135 points to settle at 16,558.

CSCX, the Selective Categories Index of the CSE, also lost 82 points to finish at 10,009.

The losers beat the gainers as 171 issues closed lower, 65 ended higher and 19 issues remained unchanged on the CSE.

The port city’s bourse traded 35.71 million shares and mutual fund units worth more than Tk 1.79 billion in turnover.

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