Retail investors are in despair as DSE witnesses volatility. BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s key stock edged down for second day on Tuesday as cautious investors continued to book profit on quick-gaining stocks.
Dhaka Stock Exchange (DSE) witnessed a mild correction for the second trading session and its turnover also came down below BDT 10 billion-mark after three sessions as investors followed cautious mood.
Turnover, the most important indicator of the market, fell 16 percent to BDT 9.62 billion, compared to the previous day’s BDT 11.47 billion.
After witnessing modest correction in the previous day, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened positive amid slow trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse rose 7.05 points while the Selective Category Index of port city bourse advanced 17 points at 10:45am.
After 30 minutes of trading, DSEX advanced 5.87 points while the Selective Category Index of port city bourse rose 14 points at 11:00am.
After 90 minutes of trading, DSEX, the prime index of the DSE rose 22 points, while the Selective Category Index of port city bourse advanced 30 points at 12noon.
However, rest of the session fell amid modest swings, finally ended more than 5.0 points lower.
Dealers said stocks observed another downbeat session amid choppy trading as investors preferred to book quick-gain on the last few sessions price surge.
DSEX, the prime index of the DSE, went down by 5.16 points or 0.08 percent to settle at 5,819, after losing 20 points in the previous day.
The DSE Shariah Index (DSES) also lost 2.03 points or 0.15 percent to close at 1,322.
However, the DS30 index, comprising blue chips advanced 1.21 points or 0.05 per cent to finish at 2,134.
The losers took a strong lead over the gainers as 331 issues traded, 177 closed lower, 110 closed higher and 44 remained unchanged on the DSE trading floor.
IFAD Autos topped the turnover chart with about 3.06 million shares of BDT 449 million changing hands, closely followed by Shahjibazar Power, Confidence Cement, Doreen Power and Simtex Industries.
GQ Ball Pen was the day’s highest gainer, posting a 8.08 percent rise, while Savar Refractories was the worst loser, shedding 8.33 percent.
However, the port city bourse, the Chittagong Stock Exchange (CSE), edged higher with its Selective Categories Index – CSCX – advancing more than 11 points to settle at 10,917.
Losers beat gainers as 135 issues closed lower, 89 closed higher and 34 remained unchanged on the CSE.
The port city bourse traded 17.68 million shares and mutual fund units’ worth BDT 530 million in turnover.