Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed yet another losing session on Sunday, extending their losing streak for the third day in a row, as investors went on late hour selling spree.
Analysts said the risk-averse investors continued their selling binge on major sectors, taking the market in the negative territory for the third day.
The market showed upward movement in the beginning of the session and stayed in the positive in the first two and a half hours of trading. But late hours selling pressured took the market in the negative zone.
DHAKA STOCK EXCHANGE
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 36.44 points or 0.66 percent to settle at 5,464 points.
Two other indices also closed lower. The DS30 index, comprising blue chips, fell 8.79 points to finish at 1,911. The DSE Shariah Index also lost 6.14 points to close at 1,265.
Turnover, the most important indicator of the market, also fell to BDT 8.04 billion, which was 24 percent lower than the previous session’s BDT 10.64 billion.
Of the 336 issues traded, 219 declined, 81 advanced and 36 issues remained unchanged on the DSE trading floor.
A total number of 149,035 trades were executed in the day’s trading session with trading volume of 173.64 million securities.
The market capitalisation of the DSE came down to BDT 3,903 billion on the day which was BDT 3,930 billion in the previous session.
Khulna Power Company topped the turnover chart with 5.12 million shares worth BDT 617 million changing hands.
The other turnover leaders were Active Fine Chemicals, Singer Bangladesh, IFAD Autos and BBS Cables.
Fine Foods was the best performer, posting a gain of 10 percent while Dragon Sweater and Spinning was the worst loser, losing 18.07 percent following its price adjustment after record date.
CHITTAGONG STOCK EXCHANGE
The Chittagong Stock Exchange (CSE) also ended lower with its CSE All Share Price Index – CASPI – losing 126 points to settle at 16,873 and the Selective Categories Index – CSCX – shedding 74 points to finish at 10,228.
The losers beat gainers as 164 issues closed lower, 51 ended higher and 25 issues remained unchanged on the CSE.
The port city’s bourse traded 8.66 million shares and mutual fund units worth BDT 292 million in turnover.