Dhaka, Bangladesh (BBN)– Bangladesh’s stocks inched up on Sunday after volatile trading throughout the session as risk-averse investors went on late hours selling binge.
The market opened on high note and the key index of the prime bourse crossing the 5,400-mark, gaining 44 points in the mid-session.
But, it could not sustain that level as cautious investors went on selling shares on sector-wise stocks.
Finally, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,366 points, advancing only 3.74 points or 0.06 percent.
The two other indices edged up. The DS30 index, comprising blue chips, advanced 2.67 points to finish at 1,929 and the DSE Shariah Index gained 5.90 points to close at 1,267.
Turnover, the most important indicator of the market, stood at BDT 8.92 billion, which was 1.10 percent lower than the previous session’s seven months highest turnover of BDT 9.02 billion.
Of the traded issues, 165 declined, 128 advanced and 46 issues remained unchanged on the DSE trading floor.
The newly listed Bashundhara Paper Mills topped the DSE turnover chart with shares worth BDT 666 million changing hands, closely followed by Ratanpur Steel, United Power, BBS Cables and Alif Industries.
However, the port city bourse CSE also ended marginally lower with its CSE All Share Price Index – CASPI – shedding 14 points to settle at 16,490 and the Selective Categories Index – CSCX – losing 8.0 points to finish at 9,975.
Here too, losers beat gainers as 108 issues closed lower, 103 ended higher, with 26 issues remained unchanged on the CSE.
The port city bourse traded 13.36 million shares and mutual fund units worth more than BDT 448 million in turnover.