Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended lower for the second running session on Sunday amid sluggish turnover as investors went for selling spree ahead of Eid.
The market opened with a downward note, which sustained throughout the session amid volatility.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 36.58 points or 0.80 per cent to settle at 4,536 points.
The DS30 index, comprising blue chips, moved down by 11.27 points or 0.63 per cent to close at 1,761.63 points.
The DSE Shariah Index (DSES) shed 9.93 points or 0.88 per cent to end at 1,111.11 points.
DSE turnover came down to Tk 4.68 billion, which was 7.14 per cent lower than the previous session’s Tk 5.04 billion.
The losers took a strong lead over the gainers as out of 312 issues traded, 194 declined, 84 advanced and 34 remained unchanged on the DSE trading floor.
Lafarge Surma Cement was the day’s top turnover leader with shares worth Tk 295.47 million changing hands followed by Olympic Accessories, Beximco, ACI and United Power.
Standard Ceramics was the day’s best performer, posting a rise of 10 per cent while First Bangladesh Fixed Income Fund was the day’s worst loser, plunging by 9.83 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed in the red with its Selective Categories Index – CSCX – lost 78.24 points to close at 8,498.42 points.
Losers beat gainers, 163 to 55, with 31 issues remaining unchanged at the port city bourse that traded 13.40 million shares and mutual fund units, with turnover of Tk 422 million.