Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended their losing spell for the sixth session in a row on Sunday as most of the investors continued on selling mood amid lack of market triggers.
The market opened with a positive note, gaining about 10 points within first 20 minutes of trading, but the rest of the session, fell steadily, ultimately ended nearly 20 points lower.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 19.72 points or 0.43 percent to finish at 4,534.56 points.
The two other indices also ended in the red. The DS30 index, comprising blue chips, fell 7.20 points or 0.41 percent to settle at 1,740.96 points.
The DSE Shariah Index (DSES) lost 4.08 points or 0.36 percent to close at 1,103.26 points.
Turnover, the important indicator of the market, fell to BDT 4.66 billion, which was 6.05 percent lower than the previous day’s BDT 4.96 billion.
The losers took a modest lead over the gainers as out of 321 issues traded, 164 closed lower, 102 closed higher and 55 remained unchanged on the DSE trading floor.
MJL Bangladesh dominated the turnover chart for the three consecutive sessions with over 2.20 million shares worth nearly BDT 254 million changing hands, followed by National Tubes, Trust Bank, Shahjibazar Power and ACME Laboratories.
S Alam Cold Rolled Steels was the day’s best performer, posting a rise of 9.80 percent, while National Tubes was the worst loser, plunging by 8.80 percent after a steep rise in the past few weeks.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index- CSCX –falling 47.94 points to finish at 8,473.33 points.
Losers beat gainers 140 to 71, with 33 issues remaining unchanged on the port city bourse that traded 7.23 million shares and mutual fund units with a value of BDT 237 million.