Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to the red on Sunday, after a single-day break, with prime index of the major bourse hitting fresh nine months low as investors went on late hours’ selling spree on sector-wise stocks.
Analysts said the market return to the red as investors went on late hours’ selling binge, taking the market in red zone.
Following the previous session’s upturn, the market started the day on positive note and the key index gained 50 points within first 20 minutes trading.
But rest of the session went down steadily and finally ended more than 10 points lower while the CSE All Share Price Index – CASPI – losing 63 points at closing.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went down by 10.40 points or 0.18 percent to settle at 5,570.
It was the lowest level of DSEX since June 21, 2017 when it was 5,567.
The two other indices of the premier bourse also ended in the red. The DS30 index, comprising blue chips, fell 10.40 points to finish at 2,075 and DSES (Shariah) index lost 2.25 points to settle at 1,320.
Bearish sentiment also reflected on the trading floor as the total turnover on the major bourse amounting to BDT 2.24 billion, which was 42 per cent higher than the previous day’s turnover of BDT 3.88 billion.
The losers took a strong lead over the gainers as out of 337issues traded, 163 closed lower, 111 ended higher and 63 issues remained unchanged on the DSE trading floor.
Mercantile Bank topped the day’s turnover chart with 5.08 million shares worthBDT 110 changing hands, closely followed by Salvo Chemicals, Aamra Networks, Queen Southeast Textile and BRAC Bank.
Reckitt Benckiser was also the day’s best performer, posting a gain of 6.0 percent while Queen South Textile was the day’s worst loser, losing 9.42 percent.
CHITTAGONG STOCK EXCHANGE:
Port city bourse CSE ended lower with the CSE All Share Price Index – CASPI – losing 63 points to settle at 17,176 points and Selective Categories Index – CSCX – shedding 38 points to finish at 10,376 points.
Here too, the losers beat the gainers as 127 issues closed lower, 64 ended higher and 36 remained unchanged on the CSE.
The port city bourse traded 4.90 million shares and mutual fund units worth more than BDT 169 million in turnover.