Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the red again on Tuesday, after a single-session break as investors were much stimulated with cashing out tendency over upcoming Eid-ul-Fitr.
Only seven trading sessions are left ahead of Eid vacation.
DSEX, the prime index of the Dhaka Stock Exchange (DSEX), ended at 4,362.78 points, shedding 14.10 points or 0.32 percent.
The DS30, comprising blue chips lost 11.54 points or 0.72 per cent to close at 1,594.93 points.
The DSES declined by 5.70 points or 0.57 per cent to close at 992.41 points.
The total turnover on DSE stood at BDT 1.93 billion which was 3.85 percent higher compared to previous session’s value of BDT 1.86 billion.
“Overall apathy in market anatomy resumed beating market sentiment,” said IDLC Investments.
Investors were much stimulated with cashing out tendency over upcoming Eid-ul-Fitr.
Hence, turnover stayed below Tk 2.0 billion level for the fifth consecutive session, said the merchant bank.
International Leasing Securities said: “After previous session’s sharp gain, the hesitation of the investors was evidently reflected through the day’s volatile movement of the index”.
Many investors went for selling their stocks which were locked in the market due to price fall in the last few trading sessions, said the International Leasing.
Out of 292 issues traded, 123 advanced, 124 declined and 45 remained unchanged on the DSE floor.
Beximco Limited was the most traded stock with shares worth BDT 218.51 million changing hands followed by debutant Shahjibazar Power, Square Pharma, GP and Appollo Ispat.
Shahjibazar Power was the day’s top gainer, posting a rise of 46 percent while Bangladesh Services was the day’s worst loser, slumping by 13.69 percent.
The port city bourse, Chittagong Stock Exchange (CSE), also ended in red zone with its Selective Categories Index – CSCX – lost 37.35 points to close at 8,291.44 points.
Losers beat gainers 109 to 65, with 26 issues remaining unchanged at the port city bourse that traded 5.94 million shares and mutual fund units, turnover value of BDT 220.51 million.
BBN/BB/ANS-15July14-2:40pm (BST)