Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their losing spell for the third running sessions in a row on Monday with declining turnover as late sale pressure wiped out early gains.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh and Chittagong Stock Exchange, the port city bourse of the country opened with a positive note, touching 4,700-level in the mid-session, but could not sustain that level, eventually ended marginally down.
The key index of Dhaka Stock Exchange (DSE) shedded 11.21 points while the port city bourse Chittagong Stock Exchange (CSE) dropped 17.07 points at the end of the session.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,663.62, shedding 11.21 points or 0.23 per cent.
The DS30 index, comprising blue chips, lost 7.50 points or 0.42 per cent to finish at 1,756.93.
The DSE Shariah Index (DSES) fell 3.76 points or 0.33 per cent to end at 1,121.10.
DSE turnover came down to BDT 5.27 billion, which was 13 per cent lower than the previous session’s BDT 6.08 billion.
The losers took a strong lead over the gainers as out of 323 issues traded, 173 closed lower, 107 higher and 43 remained unchanged on the DSE trading floor.
United Power Generation & Distribution Company dominated the turnover chart for the four consecutive sessions with 1.58 million shares worth BDT 256 million changing hands followed by City Bank, Emerald Oil, Aftab Automobiles and Beximco.
Dacca Dyeing was the day’s best performer, posting a rise of 9.24 percent while Samata Leather was the worst loser, plunging 8.99 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed in the red with its Selective Categories Index, CSCX, falling 17.07 points or 0.19 per cent to finish at 8,663.42.
Losers beat gainers as 132 issues declined, 78 advanced and 33 remained unchanged on the CSE.
The port city bourse traded 12.78 million shares and mutual fund units worth BDT 354 million in turnover.
BBN/SK/AD