Dhaka, Bangladesh (BBN) – Bangladesh’s Stocks closed almost flat in red territory on Sunday, as most investors remained cautious ahead of monetary policy statement (MPS) scheduled to be unveiled on Tuesday.
Both bourses – the premier bourse Dhaka Stock Exchange (DSE) and the port city bourse Chittagong Stock Exchange (CSE) opened with a positive note, but could not sustained the momentum, eventually ended almost flat in red.
The key index of the DSE fell 1.85 points, while the Selective Category Index of port city bourse lost 7.33 points at the end of the four hours trading session.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), finished at 4,551.07, falling 1.85 points of 0.04 percent over the previous session.
The two other indices also inched down. The DS30 index, comprising blue chips, fell 0.45 points or 0.03 percent to settle at 1,778.83 points.
The DSE Shariah Index (DSES) also shed 0.46 points or 0.04 percent to close at 1,113.79 points.
Turnover, the important indicator of the market, also fell to BDT 3.39 billion which was 17 percent lower than the previous day’s value of BDT 4.08 billion.
The losers took a modest lead over the gainers as out of 323 issues traded, 140 closed lower, 127 higher and 56 remained unchanged on the DSE trading floor.
Bangladesh Steel Re-rolling Mills dominated the turnover chart for the third session in a row with shares worth over BDT 236 million changing hands, followed by Shahjibazar Power Company, ACME Laboratories, ACI Formulations and Delta Brac Housing Finance Corporation.
National Life Insurance Company was the day’s best performer, posting a gain of 12.56 percent, while BD Thai Aluminums was the worst loser, plunging by 28.48 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also edged lower with its Selective Categories Index- CSCX – losing 7.33 points to finish at 8,520.79 points.
Losers beat gainers 114 to 88, with 43 issues remaining unchanged on the port city bourse that traded 6.08 million shares and mutual fund units with a value of BDT 279 million.