Dhaka, Bangladesh (BBN)- Bangladesh’s stocks fell marginally last week that ended on Thursday, breaking two straight weeks of gaining spell, as cautious investors booked quick-profit.
The week witnessed four trading sessions as Sunday was pubic holiday due to Ekushey February, the International Mother Language Day. Of them, three sessions closed lower while one saw marginal gain.
The benchmark index of the Dhaka Stock Exchange (DSE) went down by 20.10 points or 0.44 percent to settle at 4,567.57 points last week over the previous week.
The DS30 index, comprising blue chips, shed 13.01 points or 0.74 percent to finish at 1,753.21 points.
The DSE Shariah Index dropped 10.18 points or 0.90 percent to close at 1,115.23 points.
The port city bourse Chittagong Stock Exchange (CSE) also returned to the red with its Selective Categories Index, CSCX, shedding 43.53 points or 0.51 percent to settle at 8,566.33 points.
The total turnover for the week stood at BDT 19.85 billion against BDT 22.46 billion in the week before as last week saw four trading sessions instead of previous week’s five.
The daily turnover averaged BDT 4.96 billion, which was 10.46 percent higher than the previous week’s average of BDT 4.49 billion.
“Prolonging the monotonous tone of the recent past, market ended the week with a marginal fall,” said IDLC Investments, a merchant bank, in its weekly market analysis.
International Leasing Securities, a stockbroker, said, “Favorable year-end corporate declaration from several individual issues attracted the buyers’ attention, but quick profit-booking spell pressure eroded the gains”.
The losers took a strong lead over the gainers as out of 330 issues traded, 183 closed lower, 110 higher and 37 issues remained unchanged on the DSE trading floor during the week.
LankaBangla Finance dominated the week’s turnover chart with 34.20 million shares worth BDT 1.19 billion changing hands followed by BSRM, Lafarge Surma Cement, IFAD Autos and United Power Generation & Distribution Company.
LankaBangla Finance was the week’s best performer, posting a rise of 34.41 percent while Prime Finance was the week’s worst loser, plunging by 19.61 percent.