Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished slightly lower on Tuesday after remaining flat in the past two days as most of the investors followed cautious stance.
Both bourses – the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) closed marginally lower.
The market started with a positive note and the key index of the major bourse gaining around 12 points within first 10 minutes of trading, but rest of the session fell steadily, ultimately closed in the red zone.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,681.86 points, shedding 11.83 points or 0.04 percent over the previous session.
The two other indices also closed in the red. The DS30 comprising blue chips fell 0.72 points or 0.04 percent to settle at 1,758.26 points.
The DSE Shariah Index (DSES) lost 1.14 points or 0.13 percent to close at 1,118.12 points.
Turnover, the important indicator of the market, stood at BDT 6.09 billion, which was 5.58 percent lower than the previous session’s turnover of BDT 6.45 billion.
The losers took a modest lead over the gainers as out of 327 issues traded, 161 closed lower, 129 closed higher and 37 remained unchanged on the DSE trading floor.
Doreen Power Generations and Systems dominated the DSE turnover chart with some 3.78 million shares worth BDT 412 million changing hands, followed by KDS Accessories BDT 223 million, IT Consultants BDT 172 million, Square Pharmaceuticals BDT 152 million and Fortune Shoes BDT 149 million.
Sonali Aansh was the day’s best performer, posting a 9.99 percent gain, while National Feed Mills was the worst loser, slumping by 10.99 percent.
Chittagong Stock Exchange:
The port city bourse, the Chittagong Stock Exchange (CSE) also closed marginally lower with its Selective Categories Index – CSCX –falling 13.51 points to settle at 8,756.52 points.
Losers beat gainers as 130 issues closed lower, 99 closed higher and 26 remained unchanged on the CSE.
The port city bourse traded 11.18 million shares and mutual fund units’ worth over BDT 344 million in turnover.