Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished almost flat on Sunday with persistent volatility as risk-averse investors booked quick-profit on sector specific stocks.
After witnessing volatility almost throughout the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,672.39 points, shedding 0.48 points or 0.01 percent over the previous session.
The DS30 comprising blue chips also fell 0.96 points or 0.05 percent to settle at 1,756.81 points.
However, the DSE Shariah Index (DSES) advanced 0.94 point or 0.08 percent to close at 1,118.99 points.
Turnover, the important indicator of the market, came down to BDT 4.68 billion, which was 7.14 percent lower than the previous day’s turnover of BDT 5.04 billion, riding on Confidence Cement and Doreen Power.
The losers took a modest lead over the gainers as out of 324 issues traded, 158 closed lower, 116 closed higher and 50 remained unchanged on the DSE trading floor.
Confidence Cement dominated the DSE turnover chart with 2.87 million shares worth over BDT 310 million changing hands, followed by Doreen Power BDT 224 million, MJL Bangladesh BDT 145 million, Brac Bank BDT 132 million and Argon Denim BDT 131 million.
Confidence Cement was also the day’s best performer, posting a 9.99 percent, while Evince Textile was the worst loser, slumping by 18.86 percent following its price adjustment after record date.
However, the port city bourse, the Chittagong Stock Exchange (CSE) finished marginally higher with its Selective Categories Index- CSCX –advancing 15.57 points to settle at 8,740.04 points.
Gainers beat losers as 115 issues closed higher, 92 closed lower and 29 remained unchanged on the CSE.
The port city bourse traded 9.91 million shares and mutual fund units’ worth over BDT 272 million in turnover.