Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the losing streak for the three consecutive sessions on Sunday with sluggish trading activities as investors were mostly cautious ahead of year-ending.
Analysts said retail investors remained cautious about fresh exposure to the market, while institutional investors adopted ‘go-slow’ strategy as year-closing near.
Following the previous week’s marginal correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher with low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 13 points while the CSE All Shares Price Index (CAPSI) of port city bourse rose 33 points at 10:45am.
After first 30 minutes of trading, the key index of the country’s prime bourse gained nearly 10 points while the CSE All Shares Price Index of port city bourse advanced 35 points at 11:00am.
After that it started to decline and fell steadily rest of the session, finally the key index of the country’s prime bourse fell more than 23 points while the CSE All Shares Price Index (CAPSI) of port city bourse lost 65 points at closing.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 23.48 points or 0.38 percent to settle at 6,159.
The DS30 index, comprising blue chips saw a fractional loss of 0.14 point to close at 2,231.
However, the DSE Shariah Index (DSES) advanced 0.40 points or 0.03 per cent to finish at 1,367.
Turnover, the crucial indicator of the market, also came down to BDT 3.60 billion, which was 2.13 percent lower than the previous session’s turnover of BDT 3.68 billion.
The losers took a strong lead over the gainers as out of 333 issues traded, 245 closed lower, 58 closed higher and 30 remained unchanged on the DSE trading floor.
The newly listed Nahee Alumium topped the day’s turnover chart with shares of BDT 473 million changing hands, followed by National Tubes, BBS Cables, Rupali Life Insurance and Brac Bank.
Lafarge Surma Cement was the day’s best performer, posting a gain of 9.94 percent while Aramit Cement was the worst loser, losing 5.88 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse – the Chittagong Stock Exchange – (CSE) also closed lower with CSE All Shares Price Index (CAPSI) – losing 65 points to finish at 19,058.
The Selective Categories Index of the port city bourse – CSCX – also lost 39 points to settle at 11,518 points.
Loser beat gainers as 173 issues closed lower, 36 closed higher and 27 remained unchanged on the CSE.
The port city bourse traded 10.40 million shares and mutual fund units worth BDT 413 million in turnover.