Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended almost flat in the red on Tuesday amid volatile trading as investors were active on both sides of trading fence throughout the session.
Dealers said some investors preferred to book profit on large-cap stocks that saw substantial gain in recent upsurge, while some took position on sector-wise stocks, taking the market in the red territory for the second day.
After facing marginal correction in the previous day, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 21 points while the Selective Category Index of port city bourse rose 15 points at 10:45am.
Since then it started to slow down. After 30 minutes of trading, DSEX advanced 2.21 points while the Selective Category Index of port city bourse rose 6.48 points at 11:00am.
After 90 minutes of trading, DSEX, the prime index of the advanced only 1.56 points, while the Selective Category Index of port city bourse fell 4.10 points when the report was filed at 12noon.
DHAKA STOCK EXCHANGE:
At the end of the session, DSEX, the core index of the DSE, settled at 6,149 points, losing 1.81 points or 0.03 percent over the previous day.
The two other indices also closed in the red. The DS30 index, comprising blue chips fell 8.06 points or 0.36 percent to finish at 2,201 points.
The DSE Shariah Index (DSES) also lost 6.04 points or 0.44 percent to close at 1,366 points.
Trading activities remained encouraging as turnover on the major bourse amounted to BDT 12.03 billion, which was 4.43 percent higher than the previous day’s turnover of BDT 11.52 billion.
Of the 332 issues traded, 127 closed higher, 157 closed lower and 48 remained unchanged on the DSE trading floor.
LankaBangla Finance topped the turnover chart with about 11.47 million shares of BDT 737 million changing hands, closely followed by MJL Bangladesh, FAS Finance, Premier Bank and GrameenPhone.
FAS Finance was the day’s highest gainer, posting a 5.78 percent rise, while Meghna Cement was the worst loser, losing by 4.89 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also closed marginally lower with its Selective Categories Index – CSCX –losing nearly 21 points to settle at 11,512 points.
Losers beat gainers as 120 issues closed lower, 108 closed higher and 26 remained unchanged on the CSE.
The port city bourse traded 23.97 million shares and mutual fund units’ worth BDT 587 million in turnover.