Bangladesh’s stocks end lower for third day

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks saw marginal fall on Sunday, extending the losing streak for the third straight session, amid poor earnings and dividend declarations.

Analysts said lower than expected dividend and quarterly earnings declarations of some of the companies made investors frustrated.

The markets started on positive note but later on the investors started selling shares which continued till end. Eventually the key index of the Dhaka Stock Exchange (DSE) ended more than 19 points lower.

On the other hand, the Chittagong Stock Exchange (CSE) also witnessed marginally higher action in the opening amid low trading activities.

The CSE also ended lower with its CSE All Share Price Index – CASPI – losing 72 points.

DHAKA STOCK EXCHANGE

DSEX, the prime index of the Dhaka Stock Exchange, went down by 19.48 points or 0.37 percent to close the day at 5,238.

Two other indices – the DS30 index and the DSE Shariah Index (DSES) – also closed lower.

The DS30 index, comprising blue chips, fell 12.69 points to finish at 1,852 and the DSE Shariah Index lost 4.66 points to close at 1,211.

Turnover, another important indicator of the market, stood at BDT 5.39 billion, which was nearly 1.70 percent higher than the previous day’s turnover of BDT 5.30 billion.

Of the traded issues, 159 declined, 142 advanced and 34 securities closed unchanged on the premier bourse.

A total number of 141,410 trades were executed in the day’s trading session on the DSE with trading volume of 143.39 million securities.

The market capitalisation of the DSE also fell to BDT 3,814 billion on the day which was BDT 3,831 billion in the previous session.

Khulna Power Company dominated the DSE turnover chart with 3.41 million shares worth BDT 361 million changing hands.

The other turnover leaders were United Power, BBS Cables, Intraco Refueling Station and Nurani Dyeing.

Bashundhara Paper Mills was the day’s best performer, posting a gain of 10 percent while Regent Textile was the worst loser, losing 11.64 percent following its poor dividend declaration.

CHITTAGONG STOCK EXCHANGE

The port city bourse, the Chittagong Stock Exchange (CSE), also ended lower with its CSE All Share Price Index – CASPI – losing 72 points to settle at 16,089 and the Selective Categories Index – CSCX – shedding 48 points to finish at 9,747.

The gainers beat losers as 122 issues closed higher, 96 ended lower, with 23 issues remaining unchanged on the CSE.

The port city bourse traded 8.80 million shares and mutual fund units worth BDT 260 million in turnover.

BBN/SS/ANS