Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the red on Sunday after previous session’s gain as the investors went for selling spree amid countrywide shutdown enforced by Jamaat-e-Islami.
Despite the countrywide shutdown, the market opened with a positive mood, but could not sustain the trend as the session progressed.
Eventually, DSEX, the prime index of the Dhaka Stock Exchange (DSE), ended at 5,105.22 points, shedding 68.01 points or 1.31percent.
The other two indices also closed in the red.
The DS30, comprising blue chips lost 31.38 points or 1.60 percent to close at 1,918.09 points.
The DSE Shariah Index dropped 15.30 points or 1.25 percent to close at 1,204.73 points.
The total turnover on DSE stood at BDT 7.32 billion, which was 1.10 percent higher from the previous session’s value of BDT 7.24 billion.
The losers took a strong lead over the gainers as out of 306 issues traded, 204 declined, 71 advanced and 31 remained unchanged on the DSE floor.
The newly listed Western Marine Shipyard was the most traded stock with shares worth BDT 885.33 million changing hands followed by Saif Powertec, SPCL, KPCL and BEDL.
Western Marine Shipyard was also the day’s highest gainer, posting a rise of 79.14 percent while Daffodil Computer was the day’s worst loser, slumping by 24.16 percent following its no dividend declaration.
The port city bourse, Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – lost 151.80 points to close at 9,549.46 points.
Losers beat gainers 170 to 36, with 13 issues remaining unchanged at the port city bourse that traded 17.31 million shares and mutual fund units, turnover value of BDT 751.58 million.
BBN/BB/ANS-02Nov14-5:00pm (BST)