Dhaka, Bangladesh (BBN)– Bangladesh’s stocks ended marginally on Monday after volatile trading as most of the investors were active both sides of trading fence amid ongoing earnings declarations.
Brokers said some investors continued their buying appetite on sector specific shares while risk-averse investors booked profit on bank and power stocks.
Following the previous day’s flat movement, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced nearly 28 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 60 points at 10:45am.
After 30 minutes of trading, the DSEX advanced nearly 14 points while the CSE All Share Price Index (CASPI) of port city’s bourse rise 46 points at 11:00am.
After 90 minutes of trading, DSEX advanced more than 10 points while the CSE All Shares Price Index gained 55 points at 12:00noon.
However, late hours selling pressure wiped out most of the gains as the session progressed.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 8.88 points or 0.16 percent to settle at 5,348 points.
The DS30 index, comprising blue chips, advanced 4.52 points to finish at 1,91 points. But, the DSE Shariah Index also fell 5.88 points to close at 1,268 points.
Turnover, another important indicator of the market, also fell to Tk 8.74 billion on the Dhaka bourse which was Tk 10.54 billion.
Of the issues traded on the DSE trading floor, 168 closed lower, 130 higher and 41 issues remained unchanged.
A total number of 187,466 trades were executed in the day’s trading session on the DSE with trading volume of 233.90 million securities.
BBS Cables topped the DSE turnover chart with 3.56 million shares worth Tk 372 million changing hands.
The other turnover leaders were The Peninsula chittagong, Kds Accessories, Bashundhara Paper Mills and Nahee Aluminium composite Panel.
The port city bourse CSE edged higher with its CSE All Share Price Index – CASPI – advancing 43 points to settle at 16,495 and the Selective Categories Index – CSCX –gaining 28 points to finish at 9,989.
The losers beat gainers as 148 issues closed lower, 94 ended higher, with 18 issues remained unchanged on the CSE.
The port city bourse traded 10.7 million shares and mutual fund units worth more than BDT 340 million in turnover.