Dhaka, Bangladesh (BBN)-Bangladesh’s stocks witnessed marginal fall last week that ended on Thursday as investors were on selling spree on large-cap stocks.
The week witnessed five trading sessions as usual. Of them, two sessions faced downturn while three sessions witnessed marginal gains.
The benchmark index of the Dhaka Stock Exchange (DSE), went down by 5.58 points or 0.12 per cent to close the week at 4,760.14 points.
The DS30 index, comprising blue chips, lost 8.58 points or 0.47 per cent to finish at 1,814.59.
The DSE Shariah Index shed 9.45 points or 0.80 percent to end the week at 1,167.66.
The port city bourse Chittagong Stock Exchange (CSE) also lost with its Selective Categories Index – CSCX – lost 20.37 points or 0.23 per cent to close the week at 8,869.87 points.
The total turnover on DSE stood at BDT 22.16 billion against BDT 19.70 billion in the week before.
The daily average turnover stood at BDT 4.43 billion, which was 12.5 per cent higher than the previous week’s averaged BDT 3.94 billion.
“The week closed flat with internal bleeding in large-cap stocks,” said IDLC Investments, a merchant bank, in its weekly analysis.
International Leasing Securities, a stockbroker, said, “In the absence of any clear direction of forthcoming market outlook, the nervousness persisted among the investors, which might have lured the investors to book quick gain”.
Gainers outpaced losers as out of 326 issues traded, 155 advanced, 143 declined and 28 remained unchanged on the DSE floor during the week.
The newly listed Aman Feed dominated the week’s top turnover chart with shares worth BDT 972 million changing hands followed by Square
Pharma, United Airways, Emerald Oil and Lafarge Surma Cement.
Aramit Cement was the week’s best performer, posting a rise of 25.59 per cent while AMIS First Mutual Fund was the week’s worst loser, plunging by 32.50 per cent.