Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to the red on Monday, after remaining upbeat in the three days, as risk-averse investors booked on sector specific stocks.
Market insiders said the risk-averse investors booked quick-profit on stocks that saw significant gain in the past few days, closing the market slightly lower.
After witnessing volatility in the first hour of trading, rest of the session fell steadily, ultimately closed marginally lower.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,692.94 points, falling 16.67 points or 0.35 percent over the previous session.
The two other indices also closed in the red. The DS30 comprising blue chips fell 10.15 points or 0.57 percent to settle at 1,754.62 points.
The DSE Shariah Index (DSES) dropped 7.20 points or 0.64 percent to close at 1,116.08 points.
Turnover, the important indicator of the market, also fell to BDT 4.57 billion, which was 5.58 percent lower than the previous session’s turnover of BDT 4.84 billion.
The losers took a strong lead over the gainers as out of 322 issues traded, 173 closed lower, 93 closed higher and 56 remained unchanged on the DSE trading floor.
Doreen Power Generation and Systems dominated the DSE turnover chart with some 2.51 million shares worth nearly BDT 183 million changing hands, followed by Bangladesh Steel Re-rolling Mills BDT 174 million, National Bank BDT 172 million, Square Pharmaceuticals BDT 123 million and Bangladesh Building Systems BDT 97 million.
Aamra Technologies was the day’s best performer, posting a 6.91 percent gain, while National Tubes was the worst loser, slumping by 5.58 percent.
The port city bourse, the Chittagong Stock Exchange (CSE) also finished lower after three days with its Selective Categories Index- CSCX – losing 64.79 points to settle at 8,752.39 points.
Losers beat gainers as 114 issues closed lower, 73 closed higher and 33 remained unchanged on the CSE.
The port city bourse traded 11.29 million shares and mutual fund units’ worth over BDT 287 million in turnover.
BBN/SSR/SR