Dhaka, Bangladesh (BBN) – Bangladesh’s stocks slipped into the red on Sunday, snapping the previous two days gaining streak, as some risk-averse investors opted for booking profit on sector-wise stocks.
Turnover, the crucial indicator of the market, also hit one month low and total turnover on the major bourse amounted to BDT 5.74 billion, which was 7.42 percent lower than the previous day’s BDT 6.20 billion.
Analysts said investors were mostly inactive and not confident enough to put in fresh funds, taking the market turnover nearly one-month low since November 5, when turnover was recorded BDT 5.38 billion.
The market started with a positive note and the key index of the major bourse rose nearly 24 points within first 20 minutes of trading, but rest of the session went down steadily, finally ended more than 10 points lower.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 6,296, after losing 10.66 points or 0.16 percent over the previous day.
However, two other indices managed to close green. The DS30 index comprising blue chips also advanced 3.83 points or 0.16 percent to close at 2,274. The Shariah Index (DSES) gained 1.26 points or 0.09 percent to finish at 1,383.
The losers took a marginal lead over the gainers as out of 328 issues traded, 152 closed lower, 131 closed higher and 45 remained unchanged on the DSE trading floor.
BD Thai Aluminium topped the turnover chart with 9.66 million shares of nearly BDT 306 million changing hands, followed by Brac Bank, Shahjalal Islami Bank, LankaBangla Finance and AB Bank.
Eastern Cables was the day’s best performer, posting a gain of 7.51percent while Central Pharmaceuticals was the day’s worst loser, plunging by 11.15 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with CSE All Shares Price Index (CAPSI) of port city bourse – CAPSI – losing 21 points to close at 19,488.
The Selective Categories Index – CSCX – also fell 13 points to finish at 11,790.
Losers beat gainers as 107 issues closed lower, 93 closed higher and 41 remained unchanged on the CSE.
The port city bourse traded 7.61 million shares and mutual fund units worth more than BDT 227 million in turnover.