BBN file photo
Dhaka, Bangladesh (BBN) - Bangladesh’s stocks slipped into the red again on Tuesday, after one session-break, as risk-averse investors were on selling spree.
Brokers said decline in turnover indicates that investors were staying on the sidelines and observing the market movement carefully.
The market started with a positive note, crossing the 5,600-mark within first 40 minutes of trading, but risk-averse investors spurred the selling spree which continued till end of the session, ultimately ended 24.60 points lower.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of Dhaka Stock Exchange (DSE), finished at 5,571.52 points, losing 24.60 points or 0.44 percent over the previous session.
The two other indices also ended closed lower.
The DS30 index, comprising the blue-chips, fell 9.84 points or 0.48 percent to finish at 2,056 points.
The DSE Shariah Index (DSES) lost 4.46 points or 0.35 percent to close at 1283 points.
Trading activities fell to BDT 7.05 billion, which was 7.23 percent lower than the previous day’s BDT 7.60 billion.
The losers took a strong lead over the gainers as out of the 327 issues traded, 204 closed lower, 91 closed higher and 32 remained unchanged on the DSE trading floor.
LankaBangla Finance topped the DSE turnover with about 13.95 million shares of BDT 762 million changing hands, followed by BDCOM Online, City Bank, Shahjibazar Power and Regent Textile Mills.
ICB Employees Provident Fund Scheme One was the day’s highest gainer, posting a 10 percent rise while IFIC Bank was the worst loser, plunging by 25.38 percent following its price adjustment after record date.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also finished lower with its Selective Categories Index – CSCX – losing 47.17 points to settle at 10,463.
Losers beat gainers as 136 issues closed lower, 72 closed higher and 32 remained unchanged on the CSE trading floor.
The port city bourse traded 16.04 million shares and mutual fund units worth BDT 449 million in turnover.
BBN/SS/ANS