Dhaka, Bangladesh (BBN)– Bangladesh’s stocks witnessed yet another bearish session on Sunday, extending the losing spell for the sixth session in a row, as risk-averse investors continued their selling spree.
Turnover on the Dhaka Stock Exchange (DSE) also dipped below BDT 6.0 billion-mark to BDT 5.50 billion, falling 20 percent over the previous session.
Following the previous week’s correction, both bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) opened lower amid slow trading activities.
After 15 minutes of trading, the key index of the country’s prime bourse fell 3.43 points while the Selective Category Index of port city bourse lost 0.94 points at 10:45am.
After 30 minutes of trading, the DSEX stands at 5,492, losing 4.22 points, while the Selective Category Index of port city bourse fell 1.18 points and the downward trend continued till end of the session.
Finally, the benchmark index of the DSE finished at 5,460, losing 36.13 points or 0.65 percent over the previous session.
The two other indices also closed lower. The DS30 comprising blue chips fell 6.0 points or 0.30 percent to finish at 2,018 points.
The DSE Shariah Index (DSES) lost 5.16 points or 0.41 percent to settle at 1268 points.
Losers took a strong lead over the gainers, as prices of 205 securities declined, 84 advanced and 37 remained unchanged out of the 326 issues that were traded on the DSE floor.
Doreen Power topped the DSE turnover chart with about 2.30 million shares worth Tk 306 million changing hands, closely followed by Ratanpur Steel, ACI Limited, Shahjibazar Power and LankaBangla Finance.
Northern Jute Manufacturing was the day’s highest gainer, posting 8.74 percent gain, while Fareast Finance was the worst loser, shedding 9.62 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – losing nearly 67 points to settle at 10,251 points.
Losers beat gainers as 158 issues closed lower, 50 closed higher and 19 remained unchanged on the CSE.
The port city bourse traded 9.80 million shares and mutual fund units’ worth over BDT 291 million in turnover.