Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended marginally lower on Sunday after volatile trading as investors remained active on both sides of trading fence.
Analysts said the market edged lower as investors were busy with rebalancing their portfolio as most of the listed companies disclosed their quarterly earnings results.
The market opened on positive note and the key index of the Dhaka Stock Exchange gained about 30 points within first 30 minutes of trading, but rest of the session fell steadily.
Finally DSEX fell 4.41 points while the CSE All Share Price Index lost 25 points at closing.
DHAKA STOCK EXCHANGE:
DSEX, the key index of the DSE, settled at 5,692, losing 4.41 points or 0.08 percent over the previous session.
The DS30 index, comprising blue chips, also fell 8.45 points or 0.39 percent to finish at 2,120.
However, the DSE Shariah Index (DSES) advanced 1.03 points or 0.08 per cent to close at 1,320.
The trading activities increased as total turnover on the DSE amounting to BDT 5.13 billion, which was 8.23 percent lower than the previous day’s BDT 4.41 billion.
The gainers, however, took a modest lead over the losers as out of 336 issues traded, 175 closed higher, 125 ended lower and 36 issues remained unchanged on the DSE trading floor.
Beximco topped the turnover chart with shares worth BDT 332 million changing hands, closely followed by BBS Cables, Western Marine Shipyard, United Power and BRAC Bank.
Shepherd Industries was the day’s best performer, posting a gain of 10 percent while Al-Arafah Islami Bank was the day’s worst loser, losing 10.62 percent following its price adjustment after record date.
CHITTAGONG STOCK EXCHANGE:
The port city’s bourse CSE also closed marginally lower with the CSE All Share Price Index – CASPI – losing 25 points to settle at 17,570 and Selective Categories Index – CSCX – shedding 15 points to finish at 10,624.
The gainers beat the losers as 128 issues closed higher, 83 ended lower and 24 remained unchanged.
The port city bourse traded 8.91 million shares and mutual fund units worth more than BDT 226 million in turnover.