Dhaka, Bangladesh (BBN)–Bangladesh’s stocks finished slightly lower on Tuesday, as risk-averse investors went on late hours profit taking.
The market started with a positive note and the key index of the premier bourse advanced 10 points within first 50 minutes of trading, but failed to sustain that level as investors booked profit on sector specific stocks, ultimately ended marginally lower.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,677.68 points while the Selective Categories Index – CSCX – of the Chittagong Stock Exchange lost 9.91 points at the end.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,677.68 points, shedding 6.31 points or 0.13 percent.
The DSE Shariah Index (DSES) also fell 0.23 points or 0.02 percent to close at 1,122.39 points.
However, the DS30 comprising blue chips advanced 3.56 points or 0.20 percent to settle at 1,775.05 points.
Turnover, the important indicator of the market, also fell and the total turnover on the DSE stood at BDT 5.34 billion, which was 3.44 percent lower than the previous day’s BDT 5.53 billion.
The losers took a modest lead over the gainers as out of 324 issues traded, 181 closed lower, 105 closed higher and 38 remained unchanged on the DSE trading floor.
The newly listed Yeakin Polymer dominated the DSE turnover chart with shares worth over BDT 286 million changing hands, followed by Bangladesh Submarine Cable Company, Beximco, Olympic Industries and Singer Bangladesh.
Prime Textile Spinning Mills was the day’s best performer, posting a rise of 6.97 percent, while Yeakin Polymer was the worst loser, slumping by 9.38 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE) also finished lower with its Selective Categories Index – CSCX – losing 9.91 points to settle at 8,756.12 points.
Losers beat gainers as 124 issues closed lower, 86 closed higher and 37 remained unchanged on the CSE.
The port city bourse traded 13.04 million shares and mutual fund units’ worth over BDT 331 million in turnover.
BBN/AI/AZ