Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed flat in the red on Sunday amid choppy trading as investors re-balanced their portfolio on the first trading day after Eid vacation.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSEX), ended at 4,420.61 points, shedding 6.54 points or 0.14 percent.
However, the other two indices closed positive. The DS30, comprising blue chips gained 4.58 points or 0.28 percent to close at 1,631.09 points. The DSE Shariah Index advanced 3.59 points or 0.35 percent to close at 1,008.25 points.
The total turnover improved to BDT 4.28 billion, registering an increase of 26.25 percent over the previous session’s value after four hours trading. It was also the 7-week highest turnover since BDT 4.37 billion on June 11.
“The fleet of half yearly (HY) earnings and disclosed monetary policy statement (MPS) prompted investors to focus on re-balancing portfolio at first session after Eid-ul-Fitr,” commented IDLC Investments.
LankaBangla Securities said that after nine days of Eid vacation, Matijheel Street has opened with mixed participation in trading floor. Investors were sent on a wild ride all day, as benchmark index zigzagged up and down.
The market started with a flat session after the festive break. Price appreciation was noticed among various sectors amid satisfactory earnings report from individual companies, said International Leasing Securities.
Out of 295 issues traded, 128 advanced, 128 declined and 39 remained unchanged on the DSE floor.
Beximco Limited was the most traded stock with shares worth BDT 527.24 million changing hands followed by GP, ACI, Padma Oil and Penisula Chittagong.
Shahjibazar Power was the day’s highest gainer, posting a rise of 9.88 percent while Beximco was the day’s worst loser, slumping by 8.63 percent as declined half yearly earnings instigated increased sale pressure.
The port city bourse, Chittagong Stock Exchange (CSE) also closed in the red with its Selective Categories Index – CSCX – lost 9.94 points to close at 8,371.20 points.
Losers beat gainers 86 to 82, with 34 issues remaining unchanged at the port city bourse that traded 8.88 million shares and mutual fund units, turnover value of BDT 319.22 million.
BBN/BB/AD-03Aug14-4:00pm (BST)
