Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended lower on Sunday, snapping a four-day winning spell, as risk-averse investors’ bagged profit on sector specific stocks.
After hitting a fresh 23 months high in the previous session, the market started with an optimistic note, gaining 20 points in the first hour of trading, but rest of the session fell steadily amid profit booking sale pressure, ultimately ended 31 points lower.
DSEX, the prime index of the DSE, went down by 31.69 points or 0.65 percent to settle at 4,861.12 points, after reaching 23 months’ high on the previous session.
The two other indices also edged lower. The DS30 comprising blue chips fell 11.48 points or 0.64 percent to finish at 1,784.18 points.
The DSE Shariah Index (DSES) shed 6.79 points or 0.58 percent to close at 1,154.57 points.
Turnover, the most important indicator of the market, came down to BDT 8.24 billion on the premier bourse, which was 28 percent lower than the previous day’s BDT 11.50 billion.
The losers took a strong lead over the gainers as out of 325 issues traded, 204 closed lower, 81 closed higher and 40 remained unchanged on the DSE trading floor.
Summit Alliance Port dominated the DSE turnover chart with about 4.87 million shares worth BDT 229 million changing hands, closely followed by AFC Agro Biotech BDT 228 million, MJL Bangladesh BDT 196 million, Shasha Denims BDT 195 million and Ratanpur Steel Re-rolling Mills BDT 193 million.
Wata Chemicals was the day’s highest gainer, posting a 7.02 percent rise, while Zeal Bangla Sugar Mills was the worst loser, slumping by 9.84 percent.
The port city bourse, the Chittagong Stock Exchange (CSE) also finished lower after four days with its Selective Categories Index – CSCX – losing 63.74 points to settle at 9,087.92 points.
Losers beat gainers as 152 issues closed lower, 67 closed higher and 36 remained unchanged on the CSE.
The port city bourse traded 19.96 million shares and mutual fund units’ worth over BDT 474 million in turnover.