Dhaka, Bangladesh (BBN)– Stocks returned to the red on Sunday with turnover hitting five months low as most of the investors reluctant to make fresh investments.
The market opened with a positive, but could not sustain. At the end of the session, the prime index of the Dhaka Stock Exchange (DSEX) went down by 39.38 points or 0.86 per cent to close at 4,519.54 points from previous session.
The other two indices also ended lower. The DS30, comprising blue chips lost 20.18 points or 0.1.23 per cent to close at 1,615.19 points. The DSE Index (DSES) went down by 10.73 points or 01.08 per cent to close at 978.74 points.
Turnover value on the DSE came down to BDT 2.43 billion, registering 12.27 per cent decline over the previous session’s value of BDT 2.77 billion. It was also five months low turnover since BDT 2.30 billion on October 24, 2013.
The losers took a lead over the gainers as out of 294 issues traded, 152 advanced, 120 declined and 22 issues closed unchanged on the DSE floor.
Bangladesh Shipping Corporation (BSC) became the top turnover leaders with shares worth Tk 176.94 million changing hands followed by Square Pharma, Padma Oil, Emerald Oil and BSCCL.
Desh Garment was also the day’s highest gainer; posting a rise of 9.99 per cent while Safko Spinning was the day’s worst losers, slumping by 10.07 per cent.
The port city bourse — the Chittagong Stock Exchange (CSE) also ended lower with its Selective Categories Index – CSCX lost 57.10 points to close at 8,802.54
points.
Gainers beat losers 112 to 69, with 35 issues remaining unchanged at the port city bourse that traded 5.71 million shares and mutual fund units, turnover value of BDT 256.97 million.
BBN/SSR/AD-23Mar14-7:26 pm (BST)
