Dhaka, Bangladesh (BBN)–Bangladesh’s stocks returned to the red on Tuesday, breaking five sessions’ gaining streak as investor bagged profit.
The market opened with a mixed trend and landed on the red zone as the session progressed amid choppy trading.
DSEX, the prime index of the DSE went down by marginally by 22.60 points or 0.52 percent to close at 4,326.61 points.
The two other indices also closed lower.
The DS30 index, comprising blue chips lost 2.22 points or 0.13 percent to close at 1,622.49 points.
The DSE Shariah Index (DSES) fell 3.76 points or 0.36 percent to close at 1,039.24 points.
The total turnover on the DSE declined and amounted to BDT 5.54 billion, which was 7.0 percent lower than the previous session’s 6-month high value of BDT 5.96 billion.
The losers took a modest lead over the gainers as out of 306 issues traded, 185 declined, 103 advanced and 18 remained unchanged on the DSE floor.
United Power Generation and Distribution Company remained the top turnover chart with shares worth BDT 380 million changing hands followed by KPCL, RAC Ceramics, Beximco and IFAD Autos.
NCC Bank First Mutual Fund was the day’s top gainer, posting a rise of 10 per cent while Information Services Network Ltd was the day’s worst loser, plunging by 26 per cent following its no dividend recommendation.
The port city bourse, Chittagong Stock Exchange (CSE), also closed marginally lower after five day rally with its Selective Categories Index – CSCX – lost 28.45 points to close at 8,152.20 points.
Losers beat gainers 144 to 91, with 9 issues remaining unchanged at the port city bourse that traded 15.08 million shares and mutual fund units, turnover value BDT 438.78 million.