Dhaka, Bangladesh (BBN) – Bangladesh’s stocks slipped into the red on Monday, snapping a four-day gaining streak, as investors preferred to book quick-gain on their investment over the recent price surge.
Following the previous four days’ positive movement, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on negative trend and the downward trend continued till end of the session.
Finally, the key index of the country’s prime bourse fell 48 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost 131 points at closing.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the DSE, went down by 48 points or 0.82 percent to settle at 5,835, after gaining 109 points in the past four consecutive sessions.
The two other indices also ended lower. The DS30 index, comprising blue chips, fell 20 points or 0.92 percent to finish at 2,152.
The DSE Shariah Index (DSES) lost 6.0 points or 0.44 percent to close at 1,368.
The trading activities also remained low as the total turnover on the DSE amounting to BDT 3.89 billion, which was 7.16 percent higher than the previous day’s BDT 3.63 billion.
The losers took a strong lead over the gainers as out of 334 issues traded, 209 closed lower, 90 closed higher and 35 issues remained unchanged on the DSE trading floor.
The IBN Sina topped the day’s turnover chart with shares worth BDT 166 million changing hands, closely followed by Monno Ceramic Industries, National Tubes, Gemini Sea Food and Unique Hotel & Resorts.
Gemini Sea Food was the day’s best performer, posting a gain of 6.35 percent while Beximco Synthetics was the day’s worst loser, shedding 5.30 percent.
CHITTAGONG STOCK EXCHANGE:
Port city bourse CSE also backed to lower with its CSE All Share Price Index – CASPI – losing 131 points to settle at 18,041 and Selective Categories Index – CSCX – falling 80 points to finish at 10,889 points.
Here too, the losers beat the gainers as 145 issues closed lower, 63 ended higher and 19 remained unchanged on the CSE.
The port city bourse traded 5.66 million shares and mutual fund units worth more than BDT 263 million in turnover.