Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended almost flat in the red on Monday, extending the losing streak for the seventh session in a row, as most of the investors remained followed cautious stance amid lack of market triggers.
After witnessing volatility almost throughout the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 0.51 points or 0.01 percent to settle at 4,534.04 points.
The two other indices also ended in the red. The DS30 index, comprising blue chips, fell 4.61 points or 0.26 percent to settle at 1,736.36 points.
The DSE Shariah Index (DSES) lost 1.70 points or 0.15 percent to close at 1,101.56 points.
Turnover, the important indicator of the market, fell to BDT 4.10 billion, which was 12 percent lower than the previous day’s BDT 4.66 billion.
However, the gainers took a modest lead over the losers as out of 322 issues traded, 148 closed higher, 125 closed lower and 49 remained unchanged on the DSE trading floor.
MJL Bangladesh dominated the turnover chart for the four consecutive sessions with over 1.35 million shares worth over BDT 154 million changing hands, followed by National Tubes, Bangladesh Steel Re-rolling Mills, Far Chemicals Industries and Shahjibazar Power Company.
Far Chemicals was the day’s best performer, posting a rise of 9.88 percent, while Savar Refactories was the worst loser, plunging by 9.46 percent.
However, the port city bourse Chittagong Stock Exchange (CSE) closed slightly higher with its Selective Categories Index- CSCX –advancing 2.59 points to finish at 8,475.93 points.
Gainers beat losers 121 to 100, with 37 issues remaining unchanged on the port city bourse that traded nearly 7.0 million shares and mutual fund units with a value of above BDT 197 million.