Dhaka, Bangladesh (BBN)-Bangladesh’s stocks witnessed yet another bearish session on Monday, extending the losing spell for the seven consecutive sessions as investors continued on selling spree, despite the central bank relaxed banks’ capital market exposure rules last week.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and the Chittagong Stock Exchange, the port city bourse of the country, opened with a downward vibe which continued throughout the session with some minor recovery in the middle of the session and eventually ended at negative territory.
The prime index of Dhaka Stock Exchange (DSE) slipped 24.29 points, while the port city bourse, selective catagory index of Chittagong Stock Exchange (CSE) lost 55.25 points at the closing.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 24.29 points or 0.58 per cent to finish at 4,171.41 points.
The two other indices also ended lower.
The DS30 index, comprising blue chips, lost 13.11 points or 0.81 per cent to end at 1,599.24.
The DSE Shariah Index (DSES) fell 5.12 points or 0.50 per cent to finish at 1,020.02 points.
The total turnover value improved to BDT 4.61 billion, which was 4.30 per cent higher than the previous day’s BDT 4.42 billion.
The losers took a strong lead over the gainers as out of 309 issues traded, 205 closed lower, 75 higher and 29 remained unchanged on the DSE trading floor.
MJL BD dominated the turnover chart with 1.67 million shares worth BDT 174 million changing hands, followed by Linde BD BDT 172 million, Islami Bank BDT 136 million, Brac Bank BDT 97 million and Doreen Power BDT 84 million.
Intech Limited, an IT sector company, was the day’s best performer, posting a rise of 16.67 per cent, while Sonargoan Textile was the worst loser, plunging 21.74 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower for the seventh day with its Selective Categories Index, CSCX, losing 55.25 points to 7,794.94 points.
Losers beat gainers as 146 issues closed lower, 58 closed higher and 18 remained unchanged on the CSE.
The port city bourse traded 10.76 million shares and mutual fund units worth BDT 245 million in turnover.