Dhaka, Bangladesh (BBN)– Bangladesh’s stocks witnessed yet another downbeat session on Sunday, extending the losing streak for the fourth sessions in a row, as risk-averse investors continued on selling spree on sector-wise stocks.
Analysts said the market slipped into the red again as a section of investor continued on profit booking mood on stocks that saw significant rise in recent weeks.
Following the previous three days’ moderate correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw upward trend in early trading amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 19.34 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 34 points at 10:45am.
After 30 minutes of trading, the DSEX gained more than 28 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 25 points at 11:00am.
After that it started to decline and the downward trend continued till end of the session. Finally DSEX fell more than 39 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 103 points at closing.
DSEX, the core index of the Dhaka Stock Exchange (DSE), settled at 5,773, losing 39.53 points or 0.68 percent over the previous session.
The two other indices also ended in the red. The DS30 index, comprising blue chips, fell 10.86 points or 0.49 percent to finish at 2,176.
The DSE Shariah Index (DSES) lost 2.24 points or 0.16 percent to close at 1,350.
The market activities also fell to BDT 4.12 billion which was BDT 5.53 billion in the previous session.
The losers took a strong lead over the gainers as out of 337 issues traded, 219 closed lower, 85 ended higher and 33 issues remained unchanged on the DSE trading floor.
Beximco continued to dominate the turnover chart with 13.13 million shares worth BDT 393 million changing hands, followed by LafargeHolcim Bangladesh BDT 256 million, Northern Jute Manufacturing BDT 126 million, Padma Life Insurance BDT 98 million and BRAC Bank BDT 97 million.
Sonali Aansh was the day’s best performer, posting a gain of 8.73 per cent while Advent Pharma was the day’s worst loser, losing 8.05 per cent.
Port city bourse CSE also ended lower with the CSE All Share Price Index – CASPI –losing 103 points to settle at 17,831 and Selective Categories Index – CSCX –shedding 61 points to finish at 10,776 points.
Here too, the losers beat the gainers as 149 issues closed lower, 52 ended higher and 18 remained unchanged on the CSE.
The port city bourse traded 7.93 million shares and mutual fund units worth more than BDT 350 million in turnover.