Investors in dejection as Bangladesh’s stocks plunge. BBN file photo
Dhaka, Bangladesh (BBN) – Bangladesh’s stocks closed mixed on Thursday, the last trading day of the week, as risk-averse investors continued on selling spree.
Brokers said the market remained on mixed trend as cautious investors sold shares to book profit on, especially banks, which dragged down indices.
Following the last six days’ downward tendency, both the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) opened negative.
After first 15 minutes of trading, the key index of the country’s prime bourse dropped 5.41 points while the Selective Category Index of the port city bourse decreased 8.98 points around 10:45am.
After 30 minutes of day’s trading, the key index of the country’s prime bourse advanced 15.80 points while the Selective Category Index of port city bourse gained 7.42 points at 11.00am when the report was filed.
At 12noon, DSEX plunged 9.20 points and reached at 6,070 while the Selective Category Index of port city bourse dropped 29.65 points to reach at 11,368 points when this report was filed.
Finally, DSEX advanced 13.52 points while the Selective Category Index of port city bourse gained 14.24 points as the session closed.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the DSE, which replaced the DGEN in four-and-a-half-year back, settled at 6,092 points, after advancing 13.52 points or 0.22 percent.
Defying the DSEX’s gaining tendency, the two other indices – the DS30 index and the DSE Shariah Index (DSES) – followed plunging suit.
The DS30 index, comprising blue chips fell 0.43 points or 0.02 percent to finish at 2,177 points.
The DSE Shariah Index (DSES) also lost 4.41 points or 0.33 percent to close at 1,345 points.
The market activities stood at BDT 6,248 million, which was BDT 7,753 in the previous day.
The losers took a strong lead over the gainers as out of 331 issues traded, 160 closed lower, 131 higher and 40 remained unchanged on the DSE trading floor.
The banking sector continued to dominate the turnover chart with Shahjalal Islami Bank Ltd led the chart with BDT 369 million shares changing hands, closely followed by Uttara Bank BDT 303 million, Jamuna Bank BDT 242 million, NBL BDT 209 million, Premier Bank Ltd BDT 190 million and Exim Bank BDT 188 million.
Dutch-Bangla Bank was the day’s best performer while Sumit Power was the day’s worst loser.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) closed positive with its Selective Categories Index – CSCX – advancing 14.24 points to close at 11,412 points.
Losers beat gainers as 135 issues closed lower, 83 higher and 23 remained unchanged on the CSE.
The port city bourse traded shares and mutual fund units worth more than BDT 292.7 million in turnover.
BBN/SS/ANS
