Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished slightly lower on Thursday amid volatile trading as investors went on late hours profit booking selling spree.
Analysts said the market edged down as some investors continued to book profits on sector-wise stocks.
The market opened on positive note and the core index of the prime bourse rose about 28 points within first hours of trading. But failed to stay on positive trend as the session progressed.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 2.61 points while the Chittagong Stock Exchange, closed marginally higher with its CSE All Share Price Index – CASPI – advancing 7.98 points.
DHAKA STOCK EXCHANGE
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 2.61 points or 0.04 percent to settle at 5,600 points.
The two other indices – the DS30 index and the DSE Shariah Index (DSES) – also closed in the red.
The DS30 index, comprising blue chips, fell 7.09 points to finish at 1,960 and the DSE Shariah Index lost 0.48 points to close at 1,269.
The trading activities, however, continued to increase as total turnover on the Dhaka bourse stood at BDT 7.22 billion, which was 14 percent higher than the previous day’s turnover of BDT 6.33 billion.
Of the 333 issues traded on the DSE trading floor, 165 closed lower, 117 issues ended higher and 51 issues remained unchanged.
A total number of 145,231 trades were executed in the day’s trading session on the DSE with trading volume of 208.38 million securities.
The market capitalisation of the DSE came down to BDT 3,962 billion on the day which was BDT 3,964 billion in the previous session.
Khulna Power Company topped the DSE turnover chart with 5.42 million shares worth BDT 413 million changing hands.
The other turnover leaders were Saiham Textile, National Housing Finance, IPDC Finance and United Power.
Tosrifa Industries was the day’s best performer, posting a gain of 10 percent while Savar Refractories was the worst loser, losing 6.32 percent.
CHITTAGONG STOCK EXCHANGE
However, the port city bourse, the Chittagong Stock Exchange, closed marginally higher with its CSE All Share Price Index – CASPI – advancing 7.98 points to settle at 17,244 and the Selective Categories Index – CSCX – gaining 3.39 points to finish at 10,443.
The losers, however, beat gainers as 119 issues closed lower, 101 ended higher, with 32 issues remaining unchanged on the CSE.
The port city bourse traded 10.68 million shares and mutual fund units worth more than BDT 645 million in turnover.