Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished slightly lower on Sunday, snapping a 13-session long winning streak as some investors opted for quick-profit on sector specific stocks.
The market started with a positive in the morning and the key index of the premier bourse advanced 10 points within first 25 minutes of trading, but rest of the session went down amid sale pressure, ultimately ended 6.87 points lower.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,673.44, shedding 6.87 points or 0.15 percent, after gaining nearly 148 points in the past 13 consecutive sessions.
The two other in indices also closed in the red. The DS30 comprising blue chips declined 3.31points or 0.18 percent to settle at 1,768.59 points.
The DSE Shariah Index (DSES) lost 1.06 points or 0.09 percent to close at 1,120.92 points.
Turnover, the crucial indicator of the market, however rose and the total turnover on the DSE stood at BDT 5.76 billion, which was 10.34 percent higher than the previous day’s BDT 5.22 billion.
The losers took a modest lead over the gainers as out of 324 issues traded, 165 closed lower, 117 closed higher and 42 remained unchanged on the DSE trading floor.
The newly listed Yeakin Polymer dominated the DSE turnover chart with shares worth over BDT 233 million changing hands, followed by MJL Bangladesh, United Power, GSP Finance and LankaBangla Finance.
The Yeakin Polymer was also the day’s best performer, posting a rise of 9.97 percent, while Apex Spinning was the worst loser, slumping by 4.20 percent.
The port city bourse, the Chittagong Stock Exchange (CSE) also finished lower with its Selective Categories Index- CSCX – losing 39.06 points to settle at 8,725.75 points.
Gainers beat losers as 124 issues closed lower, 99 closed higher and 32 remained unchanged on the CSE.
The port city bourse traded 20.90 million shares and mutual fund units worth over BDT 546 million in turnover.