Dhaka, Bagladesh (BBN)-Bangladesh’s stocks plunged on Sunday, the opening day of the week, with turnover dropping further as investors were cautious ahead of quarterly-earnings declaration.
The market opened with a negative note, which sustained throughgout the session.
The key index of Dhaka stock exchange sheds 42.35 points and Chittagong stock exchange loses 64.14 points with turnover dropping further as investors were cautious ahead of quarterly-earnings declaration.
DHAKA STOCK EXCHANGE:
The benechamrk index of the Dhaka Stock Exchange (DSE), went down by 42.35 points or 0.87 percent to end at 4,814.60.
The DS30 index, comprising blue chips, lost 16.66 points or 0.90 percent to finish at 1,834.61.
The DSE Shariah Index (DSES) plunged 12.02 points or 1.01 per cent to end at 1,170.11.
Turnover dropped to BDT 3.36 billion, which was 21 percent lower than the previous session’s BDT 4.24 billion.
The losers took a strong lead over the gainers as out of issues traded 322 issues traded, 239 closed lower, 56 higher and 27 remained unchanged on the DSE trading floor.
Far Chemical Industries dominated the day’s turnover chart with shares of BDT 160.80 million changing hands followed by Saif Powertec, Lafarge Surma Cement, Summit Alliance Port and Square Pharma.
Rahim Textile was the day’s best performer, posting a rise of 5.88 percent while EBL First Mutual Fund was the day’s worst loser, plunging by 6.38 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange also closed lower with its Selective Categories Index – CSCX – shedding 64.14 points to end at 8,983.82.
Losers beat gainers 165 to 41, with 30 issues remained unchanged on the port city bourse that traded 6.75 million shares and mutual fund units with a value of Tk 225 million.
BBN/SK/AD