Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed in the red on Monday for the second running session with improving turnover as investors played both sides of the fence.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, showed positive attitude when the market opened at 10:30am.
But as the time passes it showed mixed trend at midday.
Brokers said, the market plunged as investors failed to predict the future.
The benchmark index of Dhaka Stock Exchange (DSE) slipped 1.92 points, while the port city bourse, selective catagory index of Chittagong Stock Exchange (CSE) lost 10.09 points at the closing.
The benchmark index of Dhaka Stock Exchange (DSE) settled at 4,391.42 points, losing 1.92 points or 0.04 per cent, after witnessing volatility throughout the session.
The DS30 index, comprising blue chips, saw a fractional loss of 0.35 point or 0.02 per cent to finish at 1,672.86 points.
The DSE Shariah Index (DSES) lost 1.37 points or 0.12 per cent to close at 1,062.93 points.
However, turnover crossed BDT 4.0 billion-mark on the DSE and amounted to BDT 4.25 billion, which was 35 percent higher than the previous session’s BDT 3.16 billion.
The losers took a modest lead over the gainers as out of 321 issues traded, 142 closed lower, 134 higher and 45 remained unchanged on the DSE trading floor.
Keya Cosmetics dominated the turnover chart with shares worth BDT 263 million changing hands, closely followed by MJL BD, ACI, Doreen Power and Bangladesh Submarine cable Company.
BD Lamps was the day’s best performer, posting a rise of 9.95 percent, while Progressive Life Insurance was the worst loser, slumping by 8.69 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower for the second day, with its Selective Categories Index, CSCX, shedding 10.09 points to 8,214.52 points.
Losers beat gainers as 117 issues closed lower, 95 closed higher and 32 remained unchanged on the CSE.
The port city bourse traded 10.81 million shares and mutual fund units worth nearly BDT 273 million in turnover.