Dhaka, Bangladesh (BBN)-Bangladesh stocks return to the red on Thursday after witnessing volatile trading throughout the session, as nervous investors went on late hour selling spree.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, experienced downward trend throughout the session.
The benchmark index of Dhaka Stock Exchange (DSE) lost 19.05 points while the port city bourse, selective category index of Chittagong Stock Exchange (CSE) dropped 21.54 points at the closing.
After four hours trading, the prime index of the Dhaka Stock Exchange (DSE) went down by 19.05 points or 0.44 per cent to settle at 4,340.34 points.
The DS30 index, comprising blue chips, also fell 1.32 points or 0.08 per cent to finish at 1,666.15 points.
However, the DSE Shariah Index (DSES) saw a fractional gain of 0.63 point or 0.06 per cent to close at 1,057.93 points.
DSE turnover stood at BDT 4.17 billion, which was 3.91 percent lower than the previous day’s BDT 4.34 billion, despite a new issue made trading debut Thursday.
The losers took a strong lead over the gainers as out of 315 issues traded, 181 closed lower, 94 higher and 40 remained unchanged on the DSE trading floor.
MJL Bangladesh dominated the turnover chart for the second running session with shares worth above BDT 205 million changing hands, followed by United Power BDT 131 million, BSRM Steels BDT 130 million, Bangladesh National Insurance BDT 127 million and Jamuna Oil BDT 1126 million.
Eastern Cable was the day’s best performer, posting a rise of 9.99 per cent, while Standard Bank was the worst loser, slumping by 16.49 per cent following its price adjustment after record date.
The port city bourse the Chittagong Stock Exchange (CSE), also return to the red with its Selective Categories Index, CSCX, falling 21.54 points to 8,127.91 points.
Losers beat gainers as 140 issues closed lower, 69 closed higher and 27 remained unchanged on the CSE.
The port city bourse traded 7.84 million shares and mutual fund units worth nearly BDT 237 million in turnover.