Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed yet another flat session on Tuesday, with turnover remaining low, as late hour selling pressure wiped out early gains.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country opened with a positive note, but could not sustain the positive momentum at the end of the session.
The benchmark index of Dhaka Stock Exchange (DSE) shedded 0.25 points while the port city bourse, selective category index of the Chittagong Stock Exchange (CSE) fell 12.63 at the closing.
The benchmark index of the Dhaka Stock Exchange (DSE) settled at 4,394.06 points, after witnessing a fractional loss of 0.25 point.
The DS30 index, comprising blue chips, fell 8.16 points or 0.48 per cent to end at 1,704.76 points.
The DSE Shariah Index (DSES) lost 0.33 point or 0.03 per cent to finish at 1,073.63 points.
DSE turnover improved slightly and the total turnover amounted to BDT 3.92 billion, which was 6.23 per cent higher than the previous day’s BDT 3.69 billion.
The gainers took a modest lead over the losers as out of 313 issues traded, 148 closed higher, 125 lower and 40 remained unchanged on the DSE trading floor.
United Power Generation and Distribution Company dominated the turnover chart with shares worth BDT 192 million changing hands, followed by Shahjibazar Power Company BDT 141 million, Unique Hotel and Resorts BDT 95 million, Lafarge Surma Cement BDT 92 million and Doreen Power BDT 87 million.
Bangladesh Shipping Corporation (BSC) was the day’s best performer, posting a rise of 6.68 per cent, while Renata was the worst loser, plunging 11.06 per cent.
However, the port city bourse Chittagong Stock Exchange (CSE) closed slightly higher with its Selective Categories Index- CSCX- advancing 12.63 points to close at 8,237.42 points.
Gainers beat losers 122 to 81, with 37 issues remaining unchanged on the port city bourse that traded 10.22 million shares and mutual fund units with a value of BDT 260 million.