Dhaka, Bangladesh (BBN)-Bangladesh stocks edged lower on Monday with high turnover, after remaining upbeat in the past two consecutive sessions, as risk-averse investors booked quick-profit.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, experienced downward trend throughout the session.
The benchmark index of Dhaka Stock Exchange (DSE) lost 10.67 points while the port city bourse, selective category index of Chittagong Stock Exchange (CSE) dropped 28.49 points at the closing.
The benchmark index of the Dhaka Stock Exchange (DSEX), settled at 4,329.39, falling 10.67 points or 0.24 per cent.
The DS30 index, comprising blue chips, fell 3.52 points or 0.21 per cent to finish at 1,676.08 points.
The DSE Shariah Index (DSES) shed 5.43 points or 0.51 per cent to close at 1,063.99 points.
However, turnover activities hit one month high to BDT 4.94 billion, which was 24.43 per cent higher than the previous session’s BDT 3.97 billion.
The losers took a strong lead over the gainers as out of 317 issues traded, 178 closed lower, 87 higher and 52 remained unchanged on the DSE trading floor.
BSRM Steels dominated the turnover chart with 4.60 million shares worth BDT 477 million changing hands, followed by United Power, BSRM, MJL BD and Square Pharmaceuticals.
Prime Islami Life Insurance was the day’s best performer for the second running session, posting a rise of 9.93 per cent, while Eastland Insurance was the worst loser, plunging 12.87 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also edged lower after two day’s gaining with its Selective Categories Index, CSCX, shedding 28.49 points to 8,084.88 points.
Losers beat gainers as 140 issues closed lower, 75 closed higher and 27 remained unchanged on the CSE.
The port city bourse traded 10.51 million shares and mutual fund units worth BDT 300 million in turnover.