Dhaka, Bangladesh (BBN) – Bangladesh’s stocks faced a mild correction on Thursday, after remaining positive in the past two consecutive sessions, as cautious investors booked profit on quick-gaining stocks.
Following the previous two days’ gaining streak, the key index of the country’s prime bourse advanced 14 points while the Selective Category Index of port city bourse rose 20 points within first 15 minutes of trading at 10:45am.
After 30 minutes of trading, the DSEX stood 5,568, advancing 23 points, while the Selective Category Index of port city bourse rose 30 points at 11:00am.
After that it started to decline and continued till end of the session as cautious investors went on profit booking on quick-gaining stocks.
DHAKA STOCK EXCHANGE:
Finally, the prime index of the Dhaka Stock Exchange (DSE), finished at 5541, losing 4.38 points or 0.07 percent after adding nearly 70 points in the past two consecutive sessions.
The two other indices also edged lower.
The DS30 index, comprising the blue-chips, fell 7.40 points or 0.36 percent to settle at 2034 points.
The DSE Shariah Index (DSES) lost 1.86 points or 0.14 percent to close at 1275 points.
Turnover, an important indicator of the market, however, rose to BDT 7.58 billion, which was 9.0 percent lower than the previous day’s BDT 6.94 billion.
Out of 325 issues traded on the DSE floor, prices of 151 securities advanced, 133 declined and 41 remained unchanged.
United Powert dominated the day’s turnover chart with shares of BDT 466 million changing hands, followed by LankaBangla Finance, Shahjibazar Power, BD Finance and Brac Bank.
Tosrifa Industries was the day’s top gainer, posting 9.87 percent gain while Asia Pacific Insurance was the worst lower, losing 4.95 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also finished lower with its Selective Categories Index – CSCX – losing 18.58 points to settle at 10,416.
Losers beat gainers as 110 issues closed lower, 102 closed higher and 28 remained unchanged on the CSE trading floor.
The port city bourse traded 21.40 million shares and mutual fund units worth BDT 597 million in turnover.