Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished slightly lower for the two consecutive sessions on Tuesday as cautious investors continued on profit booking mood.
The market started with a positive note and the key index of the major bourse rose 13 points within first 40 minutes of trading, but the initial enthusiasm failed to sustain as the cautious investors were mostly on profit booking mood, ultimately ended 7.55 points lower.
The key index of DSE went down by 7.55 points while the Selective Category Index of port city bourse fell 9.50 points at the closing.
At the end of the session, the benchmark index of the Dhaka Stock Exchange (DSE), settled at 5,612.69 points, losing 7.55 points or 0.13 per cent over the previous day.
The two other indices also edged lower.
The DS30, comprising the blue-chips fell 3.85 points or 0.18 per cent to finish at 2,025.82 points.
The DSE Shariah Index (DSES) lost 1.83 points or 0.14 per cent to finish at 1,305.63 points.
Turnover, the crucial indicator of the market, rose to BDT 11.52 billion, which was 13 per cent higher than the previous day’s BDT 10.20 billion.
The gainers took a modest lead over the losers as out of 329 issues traded, 139 closed higher, 136 closed lower and 54 remained unchanged on the DSE trading floor.
Active Fine Chemicals dominated the DSE turnover chart with about 12.53 million shares worth above BDT 657 million changing hands, closely followed by Beximco, LankaBangla Finance, Islami Bank and Central Pharmaceuticals.
Salvo Chemicals was the day’s highest gainer, posting 6.83 per cent gain, while IPDC Finance was the worst loser, shedding 3.40 per cent.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – falling 9.50 points to settle at 10,536 points.
Losers beat gainers as 115 issues closed lower, 109 closed higher and 33 remained unchanged on the CSE.
The port city bourse traded 33.97 million shares and mutual fund units’ worth over BDT 933 million in turnover.