Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended lower on Sunday despite the heavyweight Grameenphone (GP) shares surged following the news to deposit BDT 10 billion to BTRC.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,698, shedding 34.24 points or 0.72 percent over the previous day.
Two other indices also ended in the red. The DS30 index, comprising blue chips, fell 1.04 points to close at 1,591 and the DSES (Shariah) index lost 3.81 points to settle at 1,085.
Turnover, an important indicator of the market, stood at BDT 6.68 billion on the country’s premier bourse, falling further by 13 percent over previous day’s mark of BDT 7.70 billion.
Losers took a strong lead over the gainers as out of 356 issues traded, 263 closed lower, 70 ended higher and 23 remained unchanged on the DSE trading floor.
Grameenphone (GP) topped the turnover chart with shares worth BDT 470 million changing hands, followed by Orion Pharma, SK Trims & Industries, Summit Power and Orion Infusion.
Orion Infusion was the day’s best performer, posting a gain of 10 percent while Prime Insurance was the worst loser, losing 22 percent following its no divided declaration.
The Chittagong Stock Exchange also edged lower with its All Shares Price Index (CASPI)—losing 144 points to close at 14,380 and the Selective Categories Index – CSCX –shedding 85 points to finish at 8,726.
The port city bourse traded 10.79 million shares and mutual fund units worth BDT 233 million in turnover.