Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed lower on Monady after remaining flat in the previous session as investors followed cautious stance.
The market opened with a downbeat note and tried to recover in the middile of the session, but failed amid sale pressure in the late hour, forcing to close lower.
The key index of the Dhaka Stock Exchange, the prime bouse of Bangladesh, dropped 18.70 points while the selective category index of the Chittagong Stock Exchange, the port city bourse of the country, sheded 40.95 points at the closing.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,630.57 points, shedding 18.70 points or 0.40 per cent after four hours of trading.
The two others indices also ended in the red.
The DS30 index, comprising blue chips, lost 10.99 points or 0.62 per cent to end at 1,751.21.
The DSE Shariah Index (DSES) dropped 6.58 points or 0.58 per cent to finish at 1,109.90.
Trading activities, however, crossed Tk 4.0 billion-mark and amounted to BDT 4.15 billion, which was 27.69 per cent higher than the previous session’s BDT 3.25 billion.
The losers took a modest lead over the aginers as out of 320 issues traded; 165 closed lower, 117 higher and 38 remained unchanged on the DSE trading floor.
CVO Petrochemical Refinary dominated the day’s turnover chart with shares of BDT 157 million changing hands followed by Lafarge Surma, IFAD Autos, Shahjibazar Power Co Ltd and KDS Accesories Ltd.
Paramount Textile was the day’s best performer, posting a rise of 11.30 per cent following its corporate declaration while Jute Spinners was the day’s worst loser, plunging by 16.06 per cent.
The port city bourse Chittagong Stock Exchange (CSE) closed in the red with its Selective Categories Index – CSCX – shedding 40.95 points to end at 8,594.90.
Losers beat gainers 105 to 89, with 33 issues remaining unchanged on the port city bourse that traded 7.74 million shares and mutual fund units with a value of Tk 284 million.