BBN file photo

Dhaka, Bangladesh (BBN) -The stock market ended slightly lower on Wednesday, after a single-day break, as investors followed a cautious stance amid a global fuel price hike and possible impact on the country’s economy.

The market opened on a positive note and the key index rose about 28 points within the first hour of trading. But the rest of the session went down steadily, eventually closing over 6.0 points lower.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 6.08 points or 0.09 per cent to settle at 6,366, after gaining over 25 points the previous day.

Turnover, the crucial indicator of the market, also dropped to BDT 7.46 billion, which was 22 per cent lower than the previous day’s tally of BDT 9.61 billion.

The stock investors followed a cautious mood due to the energy crisis and power cuts have become frequent across the country, including in Dhaka, over the last few days, market insiders said.

If the situation is prolonged, it will impact the company’s production badly, they said.

Two other indices also dropped marginally. The DS30 Index, which consists of the blue-chip companies, fell 2.05 points to close at 2,299 and the DSES Index, which represents Shariah-based companies, saw a fractional loss of 0.05 point to finish at 1,389.

Losers took a strong lead over the gainers as out of 382 issues traded, 210 declined, 118 advanced and 54 remained unchanged on the DSE trading floor.

Beximco was the most-traded stock with shares worth BDT 555 million changing hands, closely followed by Delta Life Insurance (BDT 552 million), Fortune Shoes (BDT 405 million), Genex Infosys (BDT 318 million) and Intraco Refueling Station (BDT 296 million).

Delta Life Insurance was the top gainer, posting a 9.64 per cent gain while Zeal Bangla Sugar Mills was the day’s worst loser, losing 1.99 per cent.

On the other hand, the Chittagong Stock Exchange (CSE) also edged lower with the CSE All Share Price Index – CASPI –losing 20 points to settle at 18,749 and the Selective Categories Index – CSCX –shedding 12 points to close at 11,237.

Of the issues traded, 172 declined, 87 advanced and 43 issues remained unchanged on the CSE.

The port city’s bourse traded 8.28 million shares and mutual fund units with a turnover value worth nearly BDT 266 million.

BBN/SSR/AD

Both bourse - the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw sharp decline till the report was filed at 11:30am.

The key index of the DSE plunged 36.72 points, while the Selective Category Index of port city bourse fell 43.79 points within first hour of the day’s trading at 11:30am.

DHAKA STOCK EXCHANGE:

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 36.72 points or 0.79 percent to stand at 4,599.51 points, when the report was filed at 11:30am.

The two other indices also saw steep fall till then. The DS30 index, comprising blue chips, lost 15.02 points or 0.86 percent to reach at 1,736.42 points.

The DSE Shariah Index (DSES) lost 6.50 points or 0.58 percent to stand at 1,103.31 points.

DSE turnover stands at BDT 1.40 billion when the report was filed at 11:30am, riding on Doreen Power Generations and Systems and KDS Accessories.

Of the issues traded till then, 76 advanced, 163 declined and 40 issues remained unchanged.

Doreen Power dominated the turnover chart with shares worth BDT 175 million changing hands till then, followed by KDS Accessories BDT 57 million, IFAD Autos BDT 55 million, National Tubes BDT 50 million and MJL Bangladesh BDT 45 million.

CHITTAGONG STOCK EXCHANGE:

The port city bourse CSE also saw downward trend till then with its Selective Category Index - CSCX – losing 43.79 points to stand at 8,631.58 points, also at 11:30am.

Of the issues traded till then, 36 gained, 84 declined and 20 issues remained unchanged with a turnover value of BDT 88 million.

BBN/AD/SR

Both bourses – the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw positive trend till 10:45am.

The key index of the DSE advanced 17.62 points, while the Selective Category Index of port city bourse gained 17.41 points within 15 minutes of the day’s trading at 10:45am.

DHAKA STOCK EXCHANGE:

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 17.62 points or 0.37 percent to stand at 4,729.48 points, when the report was filed at 10:45am.

The two other indices also saw positive trend till then. The DS30 index, comprising blue chips, advanced 3.90 points or 0.22 percent to reach at 1,759.06 points.

The DSE Shariah Index (DSES) gained 2.58 points or 0.23 percent to stand at 1,120.42 points.

DSE turnover stands at BDT 635 million when the report was filed at 10:45am, riding on the National Bank.

Of the issues traded till then, 119 advanced, 61 declined and 48 issues remained unchanged.

National Bank dominated the turnover chart with shares worth BDT 148 million changing hands till then, followed by Active Fine Chemical, Doreen Power, GP and Aamra Techonologies.

CHITTAGONG STOCK EXCHANGE:

The port city bourse CSE also saw upward trend till then with its Selective Category Index- CSCX–gaining 17.41 points to stand at 8,823.05 points, also at 10:45am.

Of the issues traded till then, 45 gained, 18 declined and 14 issues remained unchanged with a turnover value of BDT 26 million.

BBN/AD/SR

Analysts said the market edged higher as optimistic investors were active on sector specific mid-cap and some large-cap stocks.

The market started with a positive note in the morning which sustained till end of the session, ultimately ended marginally higher.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,711.85 points, advancing 18.91 points or 0.40 percent over the previous session.

The two other indices also closed in the green. The DS30 comprising blue chips advanced 0.53 points or 0.03 percent to settle at 1,755.15 points.

The DSE Shariah Index (DSES) rose 1.76 points or 0.16 percent to close at 1,117.84 points.

Turnover, the important indicator of the market, also improved to BDT 5.72 billion, which was 25.16 percent higher than the previous session’s turnover of BDT 4.57 billion.

The gainers took a strong lead over the losers as out of 323 issues traded, 177 closed higher, 98 closed lower and 48 remained unchanged on the DSE trading floor.

Doreen Power Generation and Systems dominated the DSE turnover chart for the second day with some 2.14 million shares worth nearly BDT 158 million changing hands, followed by Singer Bangladesh BDT 157 million, National Bank BDT 153 million, Titas Gas BDT 149Power Grid Company BDT 125 million.

Yeakin Polymer was the day’s best performer, posting a 9.75 percent gain, while Modern Dyeing was the worst loser, slumping by 6.55 percent.

The port city bourse, the Chittagong Stock Exchange (CSE) also finished higher after previous day’s correction with its Selective Categories Index- CSCX – advancing 55.25 points to settle at 8,812.76 points.

Gainers beat losers as 140 issues closed higher, 73 closed lower and 40 remained unchanged on the CSE.

The port city bourse traded 13.96 million shares and mutual fund units’ worth over BDT 316 million in turnover.

BBN/AD/SR