Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended marginally lower on Sunday with turnover dipping below the 3.0 billion mark, the first trading session after nine-day Eid vacation.
The market opened with a steep decline and key index of the premier bourse plunged 65 points within first 30 minutes of trading as investors reacted to the recent terror attracts in Gulshan and Sholakia. However, it recovered most of the early losses as the session progressed, eventually ended marginally lower.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,495.18, losing 12.39 points or 0.27 percent, after adding nearly 128 points in the past four consecutive sessions before Eid vacation.
The two other indices also ended marginally lower. The DS30 index, comprising blue chips, fell 11.26 points or 0.63 percent to finsih at 1,759.56 points.
The DSE Shariah Index (DSES) lost 6.31 points or 0.57 percent to close at 1,104.53 points.
Turnover, the important indicator of the market, fell to BDT 2.09 billion, which was 44.56 per cent lower than the last session’s of BDT 3.77 billion.
The losers took a strong lead over the gainers as out of 313 issues traded, 205 closed lower, 73 higher and 35 remained unchanged on the DSE trading floor.
Islami Bank dominated the turnover chart after a long time with shares worth nearly BDT 111 million changing hands, followed by Lafarge Surma Cement, ACME Laboratories, Square Pharmaceuticals and City Bank.
First Bangladesh Fixed Income Fund was the day’s best performer, posting a rise of 9.85 percent, while SEML Lecture Equity Management Fund was the worst loser, plunging by 6.77 percent.
The port city bourse Chittagong Stock Exchange (CSE) also closed slightly lower with its Selective Categories Index- CSCX – falling 2.23 points to finish at 8,394.41 points.
Losers beat gainers 139 to 69, with 23 issues remaining unchanged on the port city bourse that traded 5.09 million shares and mutual fund units with a value of BDT 115 million.