Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to the red on Sunday with sluggish turnover as investors followed cautious stance.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and the Chittagong Stock Exchange, the port city bourse of the country, opened with positive mood but could not sustain the trend as time passed by.
The DSE and CSE markets started to plunge after nearly one hour of trading with volatility, on the first session of the week.
Key index of Dhaka Stock Exchange dipped 9.36 points while the selective category index of Chittagong Stock Exchange shaded 3.74 points at the closing.
The benchmark index of the Dhaka Stock Exchange (DSE) dropped 9.36 points or 0.21 percent to close at 4,424.20 points, after witnessing volatility almost throughout the trading session.
The DS30 index, comprising blue chips, declined 2.68 points or 0.15 percent to finish at 1,686.39 points.
The DSE Shariah Index (DSES) lost 2.17 points or 0.20 percent to settle at 1,065.30 points.
DSE turnover came down to BDT 2.21 billion, which was 27 percent lower than the previous session’s BDT 3.04 billion.
The losers took a strong lead over the gainers as out of 308 traded issues, 158 closed lower, 108 higher and 42 remained unchanged on the DSE trading floor.
Titas Gas continued to top the turnover chart with shares of BDT 149 million changing hands followed by BSRM, Quasem Drycells, Olympic Industries and Saif Powertec.
Atlas Bangladesh was the day’s best performer, posting a rise of 9.97 percent while Sonali Aansh was the day’s worst loser, plunging 13.47 percent.
The port city bourse Chittagong Stock Exchange (CSE) edged slightly lower with its Selective Categories Index – CSCX – losing 3.74 points to end at 8,228.52.
Losers beat gainers 106 to 82, with 30 issues remaining unchanged on the port city bourse that traded 5.77 million shares and mutual fund units with a value of BDT 167 million.