Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended almost flat on Tuesday as late hours sale pressure eroded all the initial gains.
Market insiders said the market closed almost flat as optimistic investors showed their buying appetite on sector-wise stocks in the early trading while some investors opted for booking profit in the late hours, taking the market in the flat territory.
The market stayed positive prior to the Eid-ul-Azha vacation. There are only two trading sessions left before start of the Eid-ul-Azha vacation.
After hitting record high of the prime index of the major bourse in the previous day, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher.
Within first hour of trading, DSEX, the prime index of the DSE, gained nearly 34 points, but rest of the session fell steadily, finally ended only 1.25 points up.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the DDSE, finished at 5,949 points, after advancing 1.25 points or 0.02 percent over the previous day.
The two other indices also stayed positive zone. The DS30 index, comprising blue chips advanced 3.53 points or 0.16 percent to finish at 2,125.
The DSE Shariah Index (DSES) rose 3.57 points or 0.27 percent to close at 1,316.
Turnover stood at BDT 9.25 billion on the DSE, which was more than 10 percent lower than the previous day’s turnover of BDT 10.33 billion.
A total number of 0.145 million trades were executed in the day’s trading session with trading volume of 286.18 million securities.
The total market capitalisation of the DSE also rose to all-time high to BDT 3,999 billion which was BDT 3,998 billion in the previous day.
Of the 330 issues traded, 142 closed higher, 146 closed lower and 42 remained unchanged on the DSE trading floor.
IFIC Bank topped the turnover chart with about 20.34 million shares of BDT 412 million changing hands, closely followed by BBS Cables, RAK Ceramics, Bangladesh Building Systems and Al-Arafa Islami Bank.
Hwa Well Textile was the day’s highest gainer, posting a 10 percent rise, while BBS Cables was the worst loser, losing by 7.47 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also closed slightly higher, with its Selective Categories Index – CSCX – advancing 13 points to settle at 11,157 points.
Gainers beat losers as 117 issues closed higher, 103 closed lower and 31 remained unchanged on the CSE.
The port city bourse traded 18.35 million shares and mutual fund units’ worth BDT 499 million in turnover.