Dhaka, Bangladesh (BBN)-Bangladesh’s stocks edged lower on Monday, with turnover crossing Tk 5.50 billion-mark after three months, as late profit booking sale pressure wiped out early gains.
Despite countrywide shutdown enforced by Bangladesh Jamaat-e-Islam, the market opened with a flying note, gaining around 60 points within first 45 minutes, but rest of the session went down steadily, eventually ended marginally lower.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, showed downward trend.
The key index of Dhaka Stock Exchange dipped 11.70 points while the selective categories index of Chittagong Stock Exchange gained 29.60 points on Monday.
The prime index of the Dhaka Stock Exchange (DSE) went down by 11.70 points or 0.25 per cent to close at 4,585.10 points.
The DS30 index, comprising blue chips, slipped 2.26 points or 0.12 per cent to end at 1,743.52.
The DSE Shariah Index (DSES) dropped 0.97 points or 0.08 per cent to finish at 1,106.26.
DSE turnover rose to BDT 5.86 billion, which was 36.27 percent higher than the previous day’s BDT 4.30 billion.
The losers took a strong lead over the gainers as out of 316 traded issues, 186 closed lower, 94 higher and 36 remained unchanged on the DSE trading floor.
Simtex Industries, which made trading debut today, was the day’s top turnover chart with shares of nearly BDT 293 million changing hands followed by Beximco Pharma, Olympic Industries, Saif Powertec and IFAD Autos.
Janata Insurance was the day’s best performer, posting a rise of 8.62 per cent while Olympic Industries was the day’s worst loser, plunging 17.37 per cent.
However, the port city bourse Chittagong Stock Exchange (CSE) ended higher with its Selective Categories Index- CSCX- gaining 29.60 points to end at 8,529.85.
Gainers beat losers 110 to 105, with 25 issues remaining unchanged on the port city bourse that traded 14.95 million shares and mutual fund units with a value of BDT 459 million.