Dhaka, Bangladesh (BBN)-Bangladesh’s stocks slipped into the red on Sunday, the first trading session of the year 2016 as investors went on late hours selling binge.
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.
Key index of Dhaka Stock Exchange shedded 5.62 points while the selective category index of Chittagong Stock Exchange earned 12.02 points at the closing.
The benchmark index of the Dhaka Stock Exchange (DSE), settled at 4,624.02 points, shedding 5.62 points or 0.12 per cent, despite opening with a positive note.
The two other indices, however, managed to close in green zone. The DS30 index, comprising blue chips, advanced 8.92 points or 0.50 per cent to finish at 1,759.51 points.
The DSE Shariah Index (DSES) gained 2.16 points or 0.19 per cent to close at 1,109.28 points.
DSE turnover value came down to BDT 3.66 billion, which was 15.6 percent lower than the previous session’s BDT 4.34 billion.
Losers beat gainers 153 to 119, with 44 issues remained unchanged on the DSE trading floor.
Beximco dominated the turnover chart on the DSE with shares worth BDT 265 million changing hands followed by Beximco Pharma, Emerald Oil, United Power Generation and Distribution Company and KDS Accessories.
Miracle Industries was the day’s best performer, posting a rise of 7.84 percent while Western Marine Shipyard was the worst loser, plunging 9.78 percent following its category change.
The port city bourse Chittagong Stock Exchange (CSE), however, closed marginally higher with its Selective Categories Index – CSCX – advancing 12.02 points to settle at 8,584.14 points.
Losers beat gainers 102 to 99, with 25 issues remaining unchanged on the port city bourse that traded 6.84 million shares and mutual fund units with a value of BDT 231 million.