Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended losing spell for the fourth session in a row on Tuesday as risk-averse investors booked quick-profit.
The market opened with a positive note, gaining around 10 points within first hour of trading, could not sustain the momentum as the session progressed, ultimately ended marginally lower.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,563.68 points, shedding 14.16 points or 0.31 percent.
The two other indices also ended in the red. The DS30 index, comprising blue chips, fell 5.98 points or 0.32 percent to settle at 1,756.92 points.
The DSE Shariah Index (DSES) lost 5.09 points or 0.45 percent to close at 1,111.87 points.
However, turnover, the important indicator of the market, hit seven months high and the total turnover amounted to BDT 5.89, which was 32 percent higher than the previous day’s BDT 4.47 billion.
The losers took a modest lead over the gainers as out of 319 issues traded, 148 closed lower, 113 closed higher and 58 remained unchanged on the DSE trading floor.
MJL Bangladesh dominated the turnover chart with over 3.0 million shares worth nearly BDT 338 million changing hands, followed by Brac Bank, Shahjibazar Power Company, Mithun Knitting and Bangladesh Steel Re-Rolling Mills.
Northern Jute Manufacturing was the day’s best performer, posting a gain of 8.72 percent, while Southeast Bank 1st Mutual Fund was the worst loser, plunging by 8.69 percent.
The port city bourse Chittagong Stock Exchange (CSE) also edged lower with its Selective Categories Index- CSCX –shedding 34.24 points to finish at 8,519.26 points.
Losers beat gainers 120 to 91, with 41 issues remaining unchanged on the port city bourse that traded 7.34 million shares and mutual fund units with a value of BDT 241 million.
BBN/SSR/BB