Dhaka, Bangladesh (BBN) – Bangladesh’s stocks inched higher on Sunday with sluggish trading activities as late hours selling pressure wiped out the early gains amid ongoing earnings and dividend declaration session.
Analysts said the market stayed green as some optimistic investors showed their buying appetite on sector-wise issues, while cautious investors continued to book profit, taking the over market almost flat zone.
The market opened with a positive note, gaining more than 21 points within first 20 minutes of trading, but, rest of the session eroded almost all the initial gains amid modest volatility, finally ended only 1.64 points higher.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), which replaced the DGEN in four-and-a-half-year back, settled at 6,041, advancing 1.64 points or 0.03 percent over the previous session.
The two other indices also edged higher. The DS30 index, comprising blue chips advanced saw a fractional gain of 0.96 point or 0.04 percent to finish at 2,189.
The DSE Shariah Index (DSES) advanced 2.85 points or 0.21 percent to close at 1,332.
Turnover, the most important indicator of the market, stood at BDT 5.43 billion, which was nearly 10 percent lower than the previous day’s turnover of BDT 6.0 billion.
A total number of 0.108 million trades were executed in the day’s trading session with trading volume of 130.42 million securities.
The total market capitalisation of the DSE stood at BDT 4,086 billion which was BDT 4,076 billion in the previous trading session.
Losers took a strong lead over the gainers as out of 331 issues traded, 181 closed lower, 109 closed higher and 41 remained unchanged on the DSE trading floor.
LankaBangla Finance topped the day’s turnover chart with 4.42 million shares of BDT 288 million changing hands, closely followed by BBS Cables, Rangpur Foundry, Grameenphone, and IDLC Finance.
Rangpur Foundry was the day’s best performer, posting a gain of 9.98 percent while Legacy Footwear was the day’s worst loser, plunging by 10.69 percent following its price adjustment after record.
CHITTAGONG STOCK EXCHANGE:
However, the port city bourse Chittagong Stock Exchange (CSE) edged lower with its Selective Categories Index – CSCX – losing 8.05 points to close at 11,322.
Losers beat gainers as 127 issues closed lower, 83 closed higher and 31 remained unchanged on the CSE.
The port city bourse traded 8.28 million shares and mutual fund units worth BDT 428 million in turnover.