Dhaka, Bangladesh (BBN) – Bangladesh’s stocks slipped into red on Monday after breaking the two-day gaining streak as cautious investors sold shares to bag profit on quick gaining stocks.
Analysts operators said the cautious investors booked quick-profit on large-cap sectors, especially bank and telecommunication issues, taking the market into the red zone.
The market started with an upward trend and the key index of the prime bourse crossing the 6,100-mark in early trading, but failed to sustained the momentum as the session progressed, finally ended more than 11 points lower.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE) went down by 11.66 points or 0.19 percent to settle at 6,082 after registering a 21-month biggest single-day gain in the previous session.
The two other indices also edged lower. The DS30 index and the DSE Shariah Index (DSES) close at 2,244 and 1,405 points, after losing 11.78 points and 7.17 points respectively.
Turnover, however, rose 6.81 percent to BDT 4.86 billion on the major bourse, from previous session’s BDT 4.55 billion.
Grameenphone (GP) topped the day’s turnover chart with shares worth BDT 231 million changing hands, followed by Square Pharmaceuticals, LankaBangla Finance, Brac Bank and Paramount Textile.
Bangladesh Submarine Cable Company (BSCCL) was the day’s best performer, posting a gain of 7.15 per cent while Green Delta Insurance was the day’s worst loser, plunging by 7.61 percent after its dividend recommendation of 20 percent cash dividend.
CHITTAGONG STOCK EXCHANGE:
Port city bourse CSE also ended lower with CSE All Share Price Index – CASPI – losing 18 points to settle at 18,806 and Selective Categories Index – CSCX – shedding nearly 11 points to finish at 11,354.
Losers beat gainers as 110 issues closed lower, 101 lower and 30 remained unchanged on the CSE.
The port city bourse traded 7.84 million shares and mutual fund units worth more than BDT 200 million in turnover.