Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended almost flat in the red territory on Thursday as late hour sale pressure wiped out all the initial gains.
Both bourses – the premier bourse Dhaka Stock Exchange (DSE) and the port city bourse Chittagong Stock Exchange (CSE) opened with a positive note, but could not sustained the momentum, eventually ended almost flat in red.
Maintaining the previous day’s upward trend, after 15 minutes of trading, the key index of the country’s prime bourse advanced 7.92 points while the Selective Category Index of port city bourse rose 7.82 points when the report was filing at 10:45am.
The key index of the DSE fell 10.07 points, while the Selective Category Index of port city bourse lost 32.84 points at the end of the session.
At the end of the session DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled the week at 5,726.23 losing 10.07 points or 0.176 per cent.
The DS30, comprising blue chips, slipped 0.47 points or 0.02 per cent to finish at 2,076.67 points.
While the DSE Shariah Index (DSES) rose 0.04 points or 0.003 per cent to finish at 1,301.48.
Turnover, the crucial indicator of the market, came down to BDT 1.04 billion at the end of the session.
The losers took a strong lead over the gainers as 130 issues traded, 154 closed lower, 130 closed higher and 44 remained unchanged on the DSE trading floor.
Beximco dominated the turnover chart with shares worth BDT 535 million changing hands till then, followed by City Bank BDT 370 million, AB Bank BDT 302 million, National Bank BDT 300 million, LankaBangla Finance BDT 295.81 million and C & A Textiles 295.65 BDT million.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – shedding 32.84 points to settle at 1,0758.48.
Losers beat gainers as 131 issues closed lower, 105 closed higher and 22 remained unchanged on the CSE.
The port city bourse traded 20 million shares and mutual fund units’ worth BDT 692 million in turnover.