Dhaka, Bangladesh (BBN)-Bangladesh stocks edged lower for the four consecutive sessions on Monday with volatility as investors were remained cautious amid lack of market triggers.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, experienced downward trend after witnessing volatility throughout the session.
The key index of Dhaka Stock Exchange (DSE) lost 5.81 points while the port city bourse Chittagong Stock Exchange (CSE) advanced 2.70 points at the closing.
The benchmark index of the Dhaka Stock Exchange (DSE) settled at 4,620.32 points, losing 5.81 points or 0.12 per cent, after experiencing volatility throughout the session.
The DS30 index, comprising blue chips, saw a fractional loss of 0.36 point or 0.02 per cent to settle at 1,750.07.
However, the DSE Shariah Index advanced 1.90 points or 0.17 per cent to close at 1,117.72.
DSE turnover, however, rose to BDT 5.15 billion, which was 20.60 per cent higher than the previous session’s BDT 4.27 billion.
The losers took a modest lead over the gainers as out of 326 issues traded, 146 closed lower, 138 higher and 42 remained unchanged on the DSE trading floor.
Saif Powertec dominated the turnover chart with shares worth nearly BDT 237 million changing hands followed by Alltex Industries, IFAD Autos, IT Consultants and RAK Ceramics.
Intech Ltd was the day’s best performer, posting a rise of 9.70 percent while United Insurance was the worst loser, slumping 6.91 percent.
The port city bourse Chittagong Stock Exchange (CSE) inched up with its Selective Categories Index, CSCX, advancing 2.70 points to finish at 8,656.20.
Losers beat gainers as 115 issues closed lower, 111 higher and 24 remained unchanged on the CSE.
The port city bourse traded 12.63 million shares and mutual fund units worth BDT 340 million in turnover.