Dhaka, Bangladesh (BBN)– Bangladesh’s stocks finished almost flat on Monday as late hours selling pressure wiped most of the early gains.
Analysts said the risk-averse investors sold shares in the later part of the session amid ongoing earnings declarations, taking the market in the flat zone.
The prime index showed upward movement during the three and a half hours of the trading session. But sharp decline in the last 30 minutes wiped out most of the gains.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,339 points, advancing 3.16 points or 0.05 percent after losing 22.15 points in the previous day.
The DS30 index, comprising blue chips, also advanced 2.08 points or 0.10 per cent to finish at 1,897.
However, the DSE Shariah Index saw a fractional loss of 0.51 point to close at 1,265.
Turnover, another important indicator of the market, also fell and the total turnover amounted to BDT 8.73 billion on the country’s major bourse against BDT 9.55 billion in the previous day.
Of the total 340 issues traded on the DSE trading floor, 144 advanced, 139 declined and 57 issues remained unchanged.
A total number of 182,820 trades were executed in the day’s trading session on the DSE with trading volume of 183.08 million securities.
KDS Accessories topped the DSE turnover leaders with 3.57 million shares worth BDT 335 million changing hands.
The other turnover leaders were Khulna Power Company, Grameenphone, The Peninsula Chittagong and BBS Cables.
Rupali Life Insurance was the day’s best performer, posting a gain of 9.90 percent while BD Autocars was the worst loser, losing 7.92 percent.
However, the port city bourse CSE edged lower with its CSE All Share Price Index – CASPI – shedding 4.90 points to settle at 16,447 and the Selective Categories Index – CSCX – losing 8.20 points to finish at 9,947.
The losers beat gainers as 140 issues closed lower, 95 ended higher, with 26 issues remained unchanged on the CSE.
The port city bourse traded 11.56 million shares and mutual fund units worth more than BDT 448 million in turnover.