Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished slightly lower on Sunday, after remaining positive in the past three consecutive sessions, as risk-averse investors went on late hours selling spree.
Both bourses – the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) –finished marginally lower maid short-term profit booking on sector specific stocks.
The market opened in positive note in the morning but the upbeat trend could not sustain as the session progressed, ultimately closed 5.82 points lower amidst improved participation from the investors.
The key index of the DSE lost 5.82 points while the Selective Category Index of port city bourse down 14.21 points at the closing.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 5,695.45 points, losing 5.82 points or 0.10 per cent over the previous day.
The DSE Shariah Index (DSES) also fell 3.26 points or 0.24 per cent to close at 1,307.82 points.
However, the DS30 comprising blue chips advanced 6.68 points or 0.32 per cent to settle at 2,066.32 points.
Turnover, the important indicator of the market, also rose to BDT to BDT 11.04 billion, which was 14.52 per cent higher than the previous session’s turnover of BDT 9.64 billion.
The losers took a modest lead over the gainers as out of 330 issues traded, 164 closed higher, 133 closed lower and 33 remained unchanged on the DSE trading floor.
LankaBangla Finance dominated the DSE turnover chart with some 6.10 million shares worth BDT 372 million changing hands, closely followed by Beximco Pharmaceuticals BDT 327 million, Ratanpur Steel BDT 299 million, National Bank BDT 289 million and City Bank BDT 275 million.
Premier Leasing was the day’s best performer, posting a 9.55 percent gain while Mercantile Bank was the worst loser, slumping by 13.19 percent following its price adjustment after record date.
The port city bourse, the Chittagong Stock Exchange (CSE), also ended marginally lower with its Selective Categories Index – CSCX – losing 14.21 points to settle at 10,715 points.
Losers beat gainers as 133 issues closed lower, 90 closed higher and 30 remained unchanged on the CSE.
The port city bourse traded 25.99 million shares and mutual fund units’ worth over BDT 714 million in turnover.