Dhaka, Bangladesh (BBN)– Bangladesh’s stocks edged lower on Thursday, after reaming upbeat in the past five consecutive sessions, as risk-averse investors opted for quick-profit on stocks that saw significant gains in the past five trading sessions.
After hitting six months high on Wednesday, the key index of the premier bourse opened with a mixed trend, and went down gradually as the session progressed, eventually ended slightly lower.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,585.08, shedding 10.16 points or 0.22 percent, after adding nearly 28 points in the past five days.
The two other indices also closed in the red. The DS30 index, comprising blue chips, fell 5.69 points or 0.32 percent to settle at 1,765.93 points.
The DSE Shariah Index (DSES) also lost 1.07 points or 0.09 percent to close at 1,121.49 points.
Turnover, the important indicator of the market, remained above BDT 5.0 billion-mark and the total turnover amounted to BDT 5.12 billion, which was 1.60 percent higher than the previous day’s BDT 5.04 billion.
The losers took a modest lead over the gainers as out of 326 issues traded, 159 closed lower, 118 closed higher and 49 remained unchanged on the DSE trading floor.
National Tubes dominated the turnover chart for the second running session with some 1.51 million shares worth BDT 196 million changing hands, followed by Aman Feed BDT 153 million, Quasem Drycells BDT 152 million, MJL Bangladesh BDT 148 million and IFAD Autos BDT 147 million.
Saif Powertec was also the day’s best performer, posting a gain of 9.94 percent, while ICB 8th Mutual Fund Pet was the worst loser, plunging by 9.90 percent.
The port city bourse Chittagong Stock Exchange (CSE) also edged lower with its Selective Categories Index- CSCX –falling 13.85 points to finish at 8,583.73 points.
Losers beat gainers 108 to 104, with 41 issues remaining unchanged on the port city bourse that traded 8.23 million shares and mutual fund units with a value of BDT 280 million.