Dhaka, Bangladesh (BBN)– Bangladesh’s stocks slipped into the red on Sunday, after single-session break, with turnover fell below BDT 5.0 billion on the major bourse as cautious investors reluctant to make fresh stake in stocks.
Dealers said the market said most of the investors remained followed cautious stance ahead of Monetary Policy Statement (MPS) for the first half of the current fiscal year scheduled to be announced on July 26.
After witnessing volatility in the first half of the session, later half went down steadily, finally ending 6.87 points lower.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 6.87 points or 0.11 percent to settle at 5,776 points over the previous session.
The two other indices also edged lower. The DS30 index, comprising blue chips saw a fractional loss of 0.62 point or 0.02 percent to finish at 2,121 points.
The DSE Shariah Index (DSES) shed 2.35 points or 0.17 percent to close at 1,311 points.
Turnover, the important indicator of the market fell to BDT 4.78 billion on the DSE, which was nearly 25 percent lower than the previous day’s BDT 6.36 billion. It was also the lowest turnover since June 18, this year when turnover was BDT 4.73 billion.
A total number of 0.087 million trades were executed in the day’s trading session with trading volume of 144.61 million securities.
The total market of the DSE also came down to nearly BDT 3,898 billion which was BDT 3,901 billion in the previous day.
Losers took a modest lead over the gainers as 328 issues traded, 163 closed lower, 110 closed higher and 55 remained unchanged on the DSE trading floor.
IFAD Autos topped the turnover chart with about 1.50 million shares of BDT 225 million changing hands, closely followed by Mercantile Bank BDT 172 million, Navana CNG BDT 146 million, LankaBangla Finance BDT 106 million and Ratanpur Steels BDT 102 million.
Safko Spinning was the day’s highest gainer, posting a 5.96 percent rise, while Soanrgaon Textiles was the worst loser, plunging by 5.22 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also edged lower with its Selective Categories Index – CSCX – losing 19 points to settle at 10,825 points.
Losers beat gainers as 132 issues closed lower, 87 closed higher and 28 remained unchanged on the CSE.
The port city bourse traded 8.47 million shares and mutual fund units’ worth BDT 255 million in turnover.