Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended lower on Tuesday, snapping a four-day gaining streak, as cautious investors booked profit on quick-gaining stocks.
Analysts said the market faced correction as cautious investors booking profits on sector-wise stocks.
Following the previous four days gaining streak, the market opened with a mixed trend, but rest of the session fell sharply, finally ended more than 37 points lower.
DHAKA STOCK EXCHANGE:
At last, DSEX, the core index of the DSE, which replaced the DGEN in nearly five years back, went down by 37.25 points or 0.58 percent to settle at 6,282.
The DS30 index comprising blue chips went down by 17 points or 0.76 percent to close at 2,269 points.
The DSE Shariah Index (DSES) also lost 11 points or 0.79 percent to finish at 1,382 points.
The market activities also fell 5.66 percent to BDT 10.92 billion, from previous day’s BDT 11.58 billion.
The losers took a modest lead over the gainers as out of 330 issues traded, 164 closed lower, 132 closed higher and 34 remained unchanged on the DSE trading floor.
LankaBangla Finance topped the day’s turnover chart with shares of BDT 867 million changing hands, followed by AB Bank BDT 467 million, Dhaka Bank BDT 435 million, Shahjalal Islami Bank BDT 332 million and FA Finance BDT 296 million.
Eastern Cables was the day’s best performer, posting a gain of 10 percent while Aman Feed was the day’s worst loser, plunging by 11 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its All Share Price Index (CAPSI) – losing 110 points to close at 19,439 points.
The Selective Categories Index – CSCX – also lost 70 points to close at 11,766 points.
Gainers beat losers as 112 issues closed higher, 104 closed lower and 26 remained unchanged on the CSE.
The port city bourse traded 19.65 million shares and mutual fund units worth more than BDT 615 million in turnover.