Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended slightly lower on Sunday, extending the losing spell for the session in a row, as most of the investors followed cautious mood.
The market opened with a mixed trend, and went down gradually as the session progressed amid marginal volatility, eventually ended slightly lower in benchmark index.
DSEX, the benchmark index of the Dhaka Stock Exchange, closed the day at 4,579.03 points while the Selective Categories Index – CSCX – of the Chittagong Stock Exchange finished the day at 8,572.49 points.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), finished at 4,579.03 points, losing 6.05 points or 0.13 percent over the previous session.
The DSE Shariah Index (DSES) also lost 2.48 points or 0.22 percent to close at 1,119.02 points.
However, the DS30 index, comprising blue chips, advanced 0.33 points or 0.02 percent to settle at 1,766.26 points.
Turnover, the important indicator of the market, came down to BDT 4.71, which was 8.0 percent lower than the previous day’s BDT 5.12 billion.
The losers took a strong lead over the gainers as out of 321 issues traded, 168 closed lower, 83 closed higher and 70 remained unchanged on the DSE trading floor.
Shahjibazar Power Company dominated the turnover chart with over 1.78 million shares worth nearly BDT 281 million changing hands, followed by National Tubes BDT 197 million, Aman Feed BDT 139 million, MJL Bangladesh BDT 124 million and Bangladesh Steel Re-rolling Mills BDT nearly BDT 90 million.
Dacca Dyeing was also the day’s best performer, posting a gain of 7.53 percent, while ICB 8th Mutual Fund was the worst loser for the second day, plunging by 9.91 percent.
The port city bourse Chittagong Stock Exchange (CSE) also edged lower with its Selective Categories Index – CSCX –falling 11.24 points to finish at 8,572.49 points.
Losers beat gainers 145 to 83, with 32 issues remaining unchanged on the port city bourse that traded 7.69 million shares and mutual fund units with a value of BDT 261 million.