Dhaka, Bangladesh (BBN)- Bangladesh’s stocks ended lower for the second straight session on Monday, with turnover hitting three weeks low on the premier bourse, as investors continued on selling mood.
The market opened with a negative note and DSEX dipped below the 4,400-mark within the first hour of trading, however, last hour buying spree helped to close above the 4,400 level.
By the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 14.96 points or 0.34 percent to finish at 4,410.93 points.
The DS30 index, comprising blue chips, fell 10.06 points or 0.58 percent to settle at 1,737.26 points.
The DSE Shariah Index (DSES) shed 4.80 points or 0.44 percent to end at 1,083.73 points.
Turnover on the DSE came down below BDT 3.0 billion-mark and amounted to BDT 2.82 billion after three weeks, which was 8.44 percent lower than the previous day’s BDT 3.08 billion.
Losers took a strong lead over the gainers, as out of 316 issues traded, 191 closed lower, 78 closed higher and 47 remained unchanged on the DSE trading floor.
Shahjibazar Power Company dominated the turnover chart with shares worth nearly BDT 160 million changing hands, followed by Lafarge Surma Cement, BSRM, Titas Gas and Khan Brothers PP Woven Bag Industries.
Asian Tiger Sandhani Life Growth Fund was the day’s best performer, posting a gain of 6.49 percent, while AIBL First Islamic Mutual Fund was the worst loser, plunging by 10 percent.
The port city bourse Chittagong Stock Exchange (CSE) also ended lower with its Selective Categories Index- CSCX – shedding 23.68 points to close at 8,260.84 points.
Losers beat gainers 140 to 58, with 23 issues remaining unchanged on the port city bourse that traded 6.99 million shares and mutual fund units with a value of over BDT 187 million.
BBN/SSR/BB