Investors are in despair as Bangladesh's stocks nosedive. BBN file photo
Dhaka, Bangladesh (BBN) - Bangladesh’s stocks returned to the red on Sunday, breaking a four-day gaining streak, as risk-averse investors booked profit on sector-wise stocks.
Analysts said the risk-averse investors booked quick-profit on selective stocks after four days’ gain, taking the market into the red zone.
The market started with a downward trend which trend sustained till end of the session with no sign of reversal, finally ended more than 26 points lower.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 6,073, after losing 26.03 points or 0.42 percent over the previous session.
The two other indices – the DS30 index and the DSE Shariah Index (DSES) – also followed the suit to close at 2,198 and 1,324 points respectively, after shedding 3.09 points and 4.68 points respectively.
Bearish sentiment also reflected on the turnover activities as total turnover on the DSE came down to BDT 5.38 billion, which was 26 percent lower than the previous day’s BDT 6.76 billion.
The losers took a strong lead over the gainers as out of 328 issues traded, 203 closed lower, 87 closed lower and 38 remained unchanged on the DSE floor.
LankaBangla Finance topped the turnover chart with about 4.08 million shares of BDT 258 million changing hands, followed by BBS Cables BDT 183 million, IFAD Autos BDT 171 million, Western Marine Shipyard BDT 167 million and Shahjalal Islami Bank BDT 167 million.
Monno Ceramic Industries was the day’s highest gainer, posting a 6.80 percent gain, while Stylecraft was the worst loser, plunging by 40.97 percent following its price adjustment after record date.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also ended lower with its Selective Categories Index – CSCX – losing 53 points to settle at 11,385.
Losers beat gainers as 153 issues closed lower, 60 closed lower and 25 remained unchanged on the CSE.
The port city bourse traded 10 million shares and mutual fund units’ worth BDT 294 million in turnover.
BBN/SS/AD