Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the red on Sunday with sluggish as investors reluctant to take fresh exposure in the market.
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 37.37 points while the port city bourse, selective category index of Chittagong Stock Exchange (CSE) dropped 56.30 points at the closing.
The benchmark index of the Dhaka Stock Exchange (DSE) settled at 4,435.47 points, losing 37.37 points or 0.84 per cent as the market fell throughout the session.
The DS30 index, comprising blue chips also lost 14.92 points or 0.87 per cent to close at 1,703.77 points.
The DSE Shariah Index (DSES) dropped 7.51 points or 0.69 per cent to finish at 1,078.86 points.
DSE turnover came down to BDT 3.0 billion after nearly three months, which was 11 per cent lower than the previous day’s BDT 3.37 billion.
The losers took a strong lead over the gainers as out of 311 issues traded, 190 closed lower, 84 higher and 37 remained unchanged on the DSE trading floor.
Bangladesh Steel Re-rolling Mills (BSRM) dominated the turnover chart with shares worth above BDT 320 million changing hands followed by Lafarge Surma Cement, LankaBangla Finance, IFAD Autos and Quasem Drycells.
Libra Infusion was the day’s best performer, posting a rise of 8.73 per cent while BSRM was the worst loser, slumping by 17.94 per cent following its price adjustment after record date.
The port city bourse Chittagong Stock Exchange (CSE) also fell with its Selective Categories Index, CSCX, losing 56.30 points to finish at 8,313.09 points.
Losers beat gainers as 141 issues closed lower, 55 closed higher and 35 remained unchanged on the CSE.
The port city bourse traded 10.35 million shares and mutual fund units worth BDT above 333 million in turnover.