Dhaka, Bangladesh (BBN)– Bangladesh’s stocks ended lower for the second consecutive sessions on Sunday as investors booked profits through selling their shares, market operators said.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 61.77 points or 1.37 per cent to finish at 4,453.37 points.
The two other indices also ended lower. The DS30 index, comprising blue chips, lost 23.81 points or 1.36 per cent to close at 1,720.49 points. The DSE Shariah Index – DSES— dropped 11.73 points or 1.07 per cent to end at 1,087.49 points.
Turnover, the crucial indicator of the market, also came down below BDT 4.00 billion and amounted to BDT 3.53 billion, which was 21.55 per cent lower that of the previous day’s BDT 4.50 billion.
The losers took a marginal lead over the gainers as out of 312 issues traded, 218 declined, 66 advanced and 28 remained unchanged on the DSE trading floor.
Grameenphone was the most traded stocks with shares worth BDT 221.78 million changing hands on the day followed by United Airways, Square Pharma, BEXIMCO, Khulna Power Company and Summit Power.
All the large cap sectors closed lower on Sunday, besides Telecommunication (0.48 per cent). Cement went down by a heavy 2.23 per cent followed by Pharmaceuticals (1.74 per cent).
In the financial sector non-banking financial institutions (NBFIs) and commercial bank lost 1.40 per cent and 1.13 per cent respectively.
Power retraced by 0.98 per cent in the session. Food and Allied went down by 0.73 per cent.
The port city bourse Chittagong Stock Exchange (CSE), however closed in mixed trend with its Selective Categories Index – CSCX – gained 7.46 points to close at 8,467.05 points.
The port city bourse Chittagong Stock Exchange (CSE) also ended in the red with its Selective Categories Index – CSCX – shed 121 points to close at 8,334 points.
Losers beat gainers 182 to 37, with 18 issues remaining unchanged at the port city bourse that traded more than 13 million shares and mutual fund units, turnover of BDT 376 million.