Stocks slip to red

Stocks returned to the red yesterday on rising the day beforeamidst a lot of pressure from sales coupled with a lower participation of stock investors. 

The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), edged down 6 points, or 0.09 points, to 6,366.

At the DSE, 118 stocks advanced, 210 dropped and 54 remained the same. Turnover of the premier bourse went down to Tk 746 crore from the previous day's Tk 960 crore.

In the morning session, investors were active in purchasing some stocks at lucrative prices, said International Leasing Securities in its daily market review.

But that did not sustain over the course of the day due to pressure from sales made by some investors that lowered the broad index, it said.

The investors adopted a cautious stance ahead of the Eid festival as commodity prices are soaring, it said.

Both DS30, the blue-chip index, and DSES, the Shariah-based index, lost 2.06 points and 0.06 points respectively.