Dhaka, Bangladesh (BBN)-The last trading day of the fiscal year 2013-14 ended in the flat on Monday after previous session’s sharp gain as investor booked quick profit on bank, power and pharmaceuticals stocks.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), ended at 4,480.52 points, shedding 6.55 points or 0.14 percent after previous session’s 7-month biggest single-day gain.
The other two indices, however, closed in positive.
The DS30, comprising blue chips gained 5.85 points or 0.35 percent to close at 1,644.75 points.
The DSE Shariah Index (DSES) went up by 2.17 points or 0.21 percent to close at 1,019.34 points.
The market participation almost unchanged, keeping turnover at BDT 3.87 billion, against BDT 3.90 billion in the previous session despite one hour less trading due to Ramadan.
“Market opened positively in morning session, but surprisingly it ended in red zone as investors came heavily to book profit on bank, power and pharmaceuticals stocks,” commented LankaBangla Securities, in its daily market analysis.
Zenith Investments said, “After five days of stretch, the market takes a breather as the bulls made little attempts to take control over the bears”.
“Closing with fiscal year 2013-14, session absorbed the last stance of June-impact,” commented IDLC Investments.
Out of 289 issues traded, 161 declined, 98 advanced and 30 remained unchanged on the DSE floor.
Food and allied sector generated 31.90 percent of the day’s total turnover mostly for the block trade of BATBC and Olympic.
Pharmaceuticals, fuel and power also got investors’ attention, accounted for 11.96 percent and 9.89 percent of total turnover.
Beximco Limited was the most traded stocks with shares worth BDT 213.61 million changing hands followed by Square Pharma, GP, Meghna Petroleum and United Airways.
Legacy Footwear was the day’s highest gainer, posting a rise of 9.46 percent while Shinepukur Ceramics was the day’s worst loser, slumping by 8.36 percent.
The port city bourse, Chittagong Stock Exchange (CSE), also closed marginally lower with its Selective Categories Index – CSCX – lost 33.84 points to close at 8,506.99 points.
Losers beat gainers 140 to 58, with 14 issues remaining unchanged at the port city bourse that traded 8.28 million shares and mutual fund units, turnover value of BDT 245.64 million.
BBN/BB/AS-30June14-5:55pm (BST)