Dhaka, Bangladesh (BBN) – Bangladesh’s stocks inched down for the three consecutive sessions on Monday, as investors went on late hours selling spree.
The market opened with a higher note and the key index of the premier bourse gained around 11 points within first 30 minutes, but rest of the session fell steadily, eventually ended slightly down.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,577.85, shedding 1.18 points or 0.03 percent over the previous day.
The two other indices also closed in the red. The DS30 index, comprising blue chips, fell 3.35 points or 0.19 percent to settle at 1,762.91 points.
The DSE Shariah Index (DSES) lost 2.01 points or 0.18 per cent to close at 1,116.97 points.
Turnover, the important indicator of the market, fell further and the total turnover amounted to BDT 4.47, which was 5.10 percent lower than the previous day’s BDT 4.71 billion.
The losers took a modest lead over the gainers as out of 324 issues traded, 130 closed lower, 112 closed higher and 82 remained unchanged on the DSE trading floor.
Keya Cosmetics dominated the turnover chart with over 15.98 million shares worth nearly BDT 195 million changing hands, closely followed by Bangladesh Steel Re-Rolling Mills BDT 182 million, MJL Bangladesh BDT 172 million, National Tubes BDT 146 million and Shahjibazar Power Company BDT 137 million.
Delta Life Insurance was the day’s best performer, posting a gain of 8.14 percent, while ICB 8th Mutual Fund was the worst loser for the third day, plunging by 7.68 percent.
The port city bourse Chittagong Stock Exchange (CSE) also edged lower with its Selective Categories Index- CSCX –losing 15.36 points to finish at 8,555.57 points.
Losers beat gainers 126 to 85, with 39 issues remaining unchanged on the port city bourse that traded 9.79 million shares and mutual fund units with a value of BDT 257 million.