Dhaka, Bangladesh (BBN) – Bangladesh’s stocks slipped into the red on Sunday, with benchmark index of the Dhaka Stock Exchange (DSE) dipping below 6,000-mark once again, as cautious investors went on selling spree.
Dealers said many listed companies declared earnings and dividend which failed to satisfy investors’ expectation that resulted into selling frenzy.
The market started with a positive note and the key index of the DSE rose around 19 points within first hour of trading, but rest of the session fell steadily, finally ended nearly 23 points lower.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,995, losing 22.84 points or 0.37 percent over the previous session.
The two other indices – the DS30 index and the DSE Shariah Index (DSES) – also fell sharply.
The DS30 index, comprising blue chips fell 17.24 points or 0.79 percent to close at 2,156.
The DSE Shariah Index (DSES) lost 10.52 points or 0.80 percent to finish at 1,306.
Bearish sentiment also reflected on the turnover activities as total turnover came down to BDT 6.41 billion, which was 3.32 percent lower than the previous day’s turnover of BDT 6.63 billion.
A total number of 0.128 million trades were executed in the day’s trading session with trading volume of 176.59 million securities.
The total market capitalisation of the DSE stood at BDT 4,076 billion which was BDT 4,100 billion in the previous trading session.
The losers took a strong lead over the gainers as out of 332 issues traded, 226 closed lower, 82 closed higher and 24 remained unchanged on the DSE floor.
Saif Powertec emerged as turnover leader with about 6.18 million shares of BDT 282 million changing hands, closely followed by Brac Bank with BDT 273 million, City Bank BDT 244 million, LankaBangla Finance BDT 212 million and BBS Cables BDT 170 million.
Premier Bank was the day’s highest gainer, posting a 6.25 percent rise, while Hakkani Pulp & Paper was the worst loser, plunging by 25.48 percent following its no dividned declaration.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – losing 31 points to settle at 11,218.
Losers beat gainers as 158 issues closed lower, 66 closed higher and 20 remained unchanged on the CSE.
The port city bourse traded 18.69 million shares and mutual fund units’ worth BDT 730 million in turnover.