Dhaka, Bangladesh (BBN)– Bangladesh’s stocks ended almost flat on Sunday as late hours selling pressure wiped most of the early gains, market operators said.
Following the previous week’s marginal correction, 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 nearly 27 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 59 points at 10:45am.
After 30 minutes of trading, the DSEX advanced nearly 24 points while the CSE All Share Price Index (CASPI) of port city’s bourse rise 28 points at 11:00am.
After 90 minutes of trading, DSEX advanced more than 17 points while the CSE All Shares Price Index gained 45 points at 12:00 noon.
But, rest of the session wiped out most of the gains. Finally, SX closed only 1.76 points higher while the CSE All Share Price Index (CASPI) gained 7.80 points at closing.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at5339 advancing 1.76 points.
Market insiders said the risk-averse investors sold shares in the later part of the session amid ongoing earnings declarations, taking the market in the flat zone.
The DS30 index, comprising blue chips, also advanced 4.06 points to finish at 1,908 while the DSE Shariah Index gained 1.48 points to close at 1,274.
Turnover, another important indicator of the market, rose and the total turnover amounted to BDT 10.54 billion on the country’s major bourse against BDT 9.19 billion in the previous day.
Of the total 340 issues traded on the DSE trading floor, 142 advanced, 171 declined and 26 issues remained unchanged.
A total number of 21 3, 264 trades were executed in the day’s trading session on the DSE with trading volume of 223.91 million securities.
BBS cables topped the DSE turnover leaders with 3.88 million shares worth BDT 410 million changing hands.
The other turnover leaders were Ifad Autos, Nahee Aluminium, KDS accessories and Aman Feed.
The port city bourse CSE also edged higher with its CSE All Share Price Index – CASPI – advancing 7.80 points to settle at 16,452 and the Selective Categories Index – CSCX –gaining 12 points to finish at
The losers beat gainers as 140 issues closed lower, 95 ended higher, with 26 issues remained unchanged on the CSE.
The port city bourse traded 23.13 million shares and mutual fund units worth more than BDT 801 million in turnover.