Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished slightly lower on Sunday amid high turnover as investors were active both sides of the trading fence.
Brokers said the market slipped into the red after volatile trading as some investors remained active on sector specific stocks while some booked profit on quick gaining stocks, taking the market turnover over three weeks high.
The market started with a positive note and the prime index of the Dhaka Stock Exchange (DSE) crossed the 5,600-mark in early trading, but could not sustained that level as the session progressed amid profit booking sale pressure, ultimately ended 7.65 points lower.
The key index of DSEX lost 7.65 points while the Selective Category Index of port city bourse advanced 7.48 points at the closing.
DSEX, the prime index of the DSE, finished at 5,583, losing 7.65 points or 0.13 per cent over the previous session.
The DS30, comprising blue chips, also fell 7.25 points or 0.35 per cent to close at 2,020.43 points.
However, the DSE Shariah Index (DSES) advanced 2.69 points or 0.21 per cent to close at 1,308.84 points.
Turnover, the most important indicator of the market, rose to BDT 12.32 billion, which was 16 per cent higher than the previous day’s BDT 10.62 billion.
The losers took a modest lead over the gainers as out of 330 issues traded, 162 closed lower, 131 closed higher and 37 remained unchanged on the DSE trading floor.
Baraka Power dominated the DSE turnover chart for the second session in a row with about 12.73 million shares worth BDT 651 million changing hands, followed by LankaBangla Finance BDT 437 million, IFAD Autos BDT 391 million, CMC Kamal BDT 380 million and AFC Agro Biotech BDT 359 million.
CMC Kamal was the day’s highest gainer, posting 7.60 per cent gain, while Savar Refcatories was the worst loser, shedding 2.29 per cent.
However, the port city bourse, the Chittagong Stock Exchange (CSE), edged higher with its Selective Categories Index – CSCX – advancing 7.48 points to settle at 10,796.52 points.
Gainers beat losers as 120 issues closed higher, 107.29 closed lower and 29 remained unchanged on the CSE.
The port city bourse traded 21.78 million shares and mutual fund units’ worth over BDT 658 million in turnover.