Dhaka, Bangladesh (BBN) – Bangladesh’s stocks slipped into the red on Tuesday, after a single-session break, as risk-averse investors went on late hours selling spree.
Following the previous four days’ correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 32 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 13 points at 10:45am.
After 30 minutes of trading, the DSEX gained more than 24 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 12 points at 11:00am.
After 90 minutes of trading, DSEX advanced more than 8.58 points while the CSE All Shares Price Index advanced 19 points at 12noon.
After that it started to decline and the downward trend continued till end of the session.
Finally, the DSEX fell more than 6.72 points while the All Share Price Index (CASPI) of port city’s bourse advanced 3.82 points at closing.
DHAKA STOCK EXCHANGE:
DSEX, the core index of the Dhaka Stock Exchange (DSE), settled at 5,778, losing 6.72 points or 0.12 percent over the previous session.
The DS30 index, comprising blue chips, fell 2.93 points or 0.13 percent to finish at 2,176.
However, the DSE Shariah Index (DSES) advanced 2.13 points or 0.15 percent to close at 1,356.
The market activities also fell to BDT 5.08 billion which was BDT 5.15 billion in the previous session.
The losers took a modest lead over the gainers as out of 335 issues traded, 168 closed lower, 126 ended higher and 41 issues remained unchanged on the DSE trading floor.
Beximco continued to dominate the turnover chart with 13.39 million shares worth BDT 418 million changing hands, followed by Delta Life Insurance Company BDT 191 million, LafargeHolcim Bangladesh BDT 162 million, Pharma Aids BDT 140 million and Al-Arafah Islami Bank BDT 126 million.
Asia Pacific Insurance Company was the day’s best performer, posting a gain of 9.91 percent while Republic Insurance Company was the day’s worst loser, losing 4.49 percent.
CHITTAGONG STOCK EXCHANGE:
Port city bourse CSE ended mixed trend with the CSE All Share Price Index – CASPI – advancing 3.82 points to settle at 17,8850 and Selective Categories Index – CSCX – losing 0.41 points to finish at 10,787 points.
Here too, the losers beat the gainers as 109 issues closed lower, 92 ended higher and 29 remained unchanged on the CSE.
The port city bourse traded 14.20 million shares and mutual fund units worth more than BDT 646 million in turnover.