Dhaka, Bangladesh (BBN)– Bangladesh’s stocks closed marginally lower on Sunday, the opening session of the week, after remaining upbeat in the past four consecutive sessions, as investors opted for quick-profit.
The market started with an upward note, gaining nearly 10 points within first 15 minutes of trading, but rest of the session fell steadily, eventually, ended slightly lower.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,568.43, shedding 9.15 points or 0.20 per cent, after adding around 52 points in the past four sessions.
The two other indices also edged lower. The DS30 index, comprising blue chips, also fell 5.91 points or 0.33 per cent to settle at 1,789.29. The DSE Shariah Index (DSES) saw a fractional loss of 0.81 point or 0.07 per cent to close at 1,122.23 points.
Turnover, the important indicator of the market, also fell slightly and the total turnover amounted to BDT 4.18 billion, which was 5.64 per cent lower than the previous day’s value of BDT 4.43 billion.
The losers took a modest lead over the gainers as out of 325 issues traded, 163 closed lower, 105 closed higher and 57 remained unchanged on the DSE trading floor.
The state-run Titas Gas Transmission and Distribution Company dominated the turnover chart for the third session in a row with shares worth nearly BDT 201 million changing hands, followed by Lafarge Surma Cement, MJL Bangladesh, Bangladesh Shipping Corporation and Bangladesh Submarine Cable Company.
Shampur Sugar Mills was the day’s best performer, posting a gain of 10 per cent, while BD Autocar was the worst loser, slumping by 5.57 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also finished slightly lower with its Selective Categories Index- CSCX – falling 14.70 points to finish at 8,550.57 points.
Losers beat gainers 124 to 84, with 34 issues remaining unchanged on the port city bourse that traded 6.97 million shares and mutual fund units with a value of BDT 273 million.