Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended lower for the fifth day in a row on Wednesday as worried investors continued selling shares, fearing further fall.
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 key index of DSE plunged 42.98 points while the Selective Category Index of port city bourse CSE slumped 78.11 points at the closing.
The benchmark index of the Dhaka Stock Exchange (DSE) settled at more than 11 months low to 4,238.95 points, shedding 40.98 points or 1.0 per cent.
The DS30 index, comprising blue chips, fell 14.22 points or 0.86 per cent to end at 1,632.78 points.
The DSE Shariah Index (DSES) shed 10.06 points or 0.96 per cent to finish at 1,034.68 points.
The market turnover value stood at BDT 3.56 billion, which was 3.79 per cent higher than the previous day’s BDT 3.43 billion.
The losers took a strong lead over the gainers as out of 317 issues traded, 224 closed lower, 53 lower and 40 remained unchanged on the DSE trading floor.
Jamuna Oil dominated the turnover chart with shares worth BDT 131 million changing hands, followed by BSRM BDT BDT 128 million, MJL BD BDT 126 million, Meghna Petroleum BDT 96 million and United Power BDT 94 million.
ICB NRB First Mutual Fund was the day’s best performer, posting a rise of 7.26 per cent while Safko Spinning was the worst loser, plunging 26.31 per cent following its poor dividend recommendation.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower for the fifth day with its Selective Categories Index- CSCX- plunging by 78.11 points to end at 7937.18 points.
Losers beat gainers 162 to 45, with 29 issues remaining unchanged on the port city bourse that traded 12.15 million shares and mutual fund units with a value of BDT 276 million.