Dhaka, Bangladesh (BBN)- The country’s stocks went down sharply on the both bourses on Sunday, the opening day o the week and the key index of the prime bourse dipped below 4,700-mark after seven sessions with declining turnover as investors went for selling spree.
The market opened with a positive note, but could not sustain. The prime index of the Dhaka Stock Exchange (DSE) --- DSEX --- ended at 4,697.30 points, shedding 52.56 points or 1.10 per cent from previous session.
The DSE Shariah Index (DSES) went down slightly by 0.14 points or 0.01 per cent to close at 1,002.21 points. However, DS30, comprising blue chips gained 8.83 points or 0.52 per cent to close at 1,702.74 points.
The total turnover on DSE came down to BDT 5.74 billion, registering 11.14 per cent decrease over the previous session’s value of BDT 6.46 billion.
The losers took a strong lead over the gainers as out of 291 issues traded, 205 declined, 63 advanced and 23 issues closed unchanged on the DSE floor.
The market capitalization of the DSE stood at BDT 2,917.65 billion against BDT 2,923.12 billion in the previous session.
GrameenPhone (GP) dominated the top turnover chart with shares worth Tk 324.18 million changing hands followed by Olympic, Meghna Petroleum, Padma Oil and Square Pharma.
Marico Bangladesh was also the day’s highest gainer; posting a rise of 17.46 per cent following it corporate declaration of 500 per cent interim cash dividend, while Prime Finance was the day’s worst losers, slumping by 10.47 per cent.
The port city bourse --- the Chittagong Stock Exchange (CSE), also closed sharp decline with its Selective Categories Index – CSCX lost 101 points to close at 9,186.03 points.
Losers beat gainers 172 to 52, with 12 issues remaining unchanged at the port city bourse that traded 9.46 million shares and mutual fund units, turnover value of BDT 509.51 million.
BBN/SSR/AD-02Mar14-8:56 pm (BST)