Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed a marginal correction on Monday, breaking the record rally, as late hours sale pressure wiped out all the early gains.
Dealers said the market faced marginal correction as some investors opted for booking profit in the late hours, taking the market in the red zone.
After hitting record high all three indices and market capitalisation of the prime bourse on Sunday, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher in the morning Monday.
Within first hour of trading, DSEX, the prime index of the DSE, rose more than 30 points, but rest of the session fell steadily, finally ended more than 16 points lower.
DHAKA STOCK EXCHANGE:
DSEX, the core index of the DSE, settled at 6,151 points, after losing 16.28 points or 0.26 percent over the previous day.
However, two other induces closed higher. The DS30 index, comprising blue chips advanced 7.35 points or 0.33 percent to finish at historical high at 2,209 points since its inception in January, 2013.
The DSE Shariah Index (DSES) also rose to record high to close at 1372 points, gaining 3.45 points or 0.25 percent.
Turnover, the important indicator of the market, stood at BDT 11.52 billion on the DSE, which was 8.58 percent lower than the previous day’s turnover of BDT 12.60 billion.
A total number of 0.163 million trades were executed in the day’s trading session with trading volume of 326.81 million securities.
The total market capitalisation of the DSE came down to BDT 4,113 million, from all-time high of BDT 4,122 billion in the previous day.
Of the 331 issues traded, 122 closed higher, 170 closed lower and 39 remained unchanged on the DSE trading floor.
LankaBangla Finance topped the turnover chart with about 7.18 million shares of BDT 457 million changing hands, closely followed by Lafarge Surma Cement, Square Pharmaceuticals, CMC Kamal and Premier Bank.
S Alam Cold Rolled Steels was the day’s highest gainer, posting a 9.94 per cent rise, while Meghna Pet was the worst loser, losing by 9.84 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also closed marginally lower with its Selective Categories Index – CSCX – losing 24 points to settle at 11,533 points.
Losers beat gainers as 142 issues closed lower, 101 closed higher and 30 remained unchanged on the CSE.
The port city bourse traded 17.90 million shares and mutual fund units’ worth BDT 711 million in turnover.