Stocks mostly down

Dhaka stocks fell with a topsy-turvy trading yesterday, showing a lack of investors' confidence.

The price fluctuations throughout the day reflected that the investors were yet to get back their confidence fully, according to experts.

They said institutional investors remained aloof from the market, taking its recent behavioural pattern into consideration.

The DSE General Index (DGEN), declined by 17.07 points, or 0.62 percent to 2,695.57 points. The DSE All Share Price Index also fell by 14.28 points, or 0.63 percent to 2,227.16 points.

Most of the securities traded down on the DSE. Of the 244 traded issues, 72 advanced, 162 declined and 10 remain unchanged.

Within the opening 15 minutes, DGEN gained about 5 points. In the following 30 minutes, the market lost over 10 points.

Then the market started witnessing ups and downs and this trend continued to the end of trading.

A total of 2,88,82,354 shares worth Tk 330.14 crore changed hands on the premier bourse.

Beximco topped the turnover leaders with 17,32,300 traded shares worth Tk 37.46 crore. The other turnover leaders were Shinepukur Ceramics, Titas Gas, Summit Port, Beximco Pharma, ACI Formulations, Grameen Mutual Fund One: Scheme Two, Summit Alliance Port, AIMS 1st Mutual Fund and Bextex.

Chittagong stocks also recorded a fall. The CSE Selective Categories Index dropped 34.43 points, or 0.63 percent to 5,430.04 points. The CSE All Share Price Index also decreased 51.29 points, 0.61 percent to 8,331.6 points.

A total of 52,53,607 shares worth Tk 45.75 crore changed hands on the Chittagong Stock Exchange. Of the 130 traded scrips on the port city bourse, 33 advanced, 94 declined and three remain unchanged.

Beximco topped the turnover leaders on the CSE with 2,89,300 traded shares worth Tk 6.23 crore. The other turnover leaders were Shinepukur Ceramics, Beximco Pharma, ACI Formulations, Grameen Mutual Fund One: Scheme Two, AIMS 1st Mutual Fund, Titas Gas, Bextex, Summit Power and Islami Bank