Dhaka, Bangladesh (BBN) – Bangladesh’s stocks slipped into the red on Wednesday, after remaining upbeat in the past two days, as risk averse investors booked quick profit ahead of corporate declaration.
The market opened higher in the morning and the key index of the premier bourse advanced around 23 points within first hour of trading, but rest of the fell steadily as investors booked profits, eventually ended slightly lower.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,538.08, shedding 6.62 points or 0.15 percent.
The DSE Shariah Index (DSES) also saw a fractional loss of 0.65 points or 0.25 percent to close at 1,115.45 points.
However, the DS30 index, comprising blue chips, advanced 4.38 points or 0.25 percent to settle at 1,776.53 points.
Turnover, the most important indicator of the market, also fell to BDT 3.87 billion, which was 1.78 percent lower than the previous day’s value of BDT 3.94 billion.
The losers took a modest lead over the gainers as out of 324 issues traded, 158 closed lower, 110 lower and 56 remained unchanged on the DSE trading floor.
Delta Brac Housing Finance Corporation dominated the turnover chart with shares worth over BDT 153 million changing hands, followed by ACME Laboratories, Shahjibazar Power Company, Titas Gas and Quasem Drycells.
Alttex Industries was the day’s best performer, posting a rise of 8.89 percent, while Vanguard AML BD Finance Mutual Fund One was the worst loser, plunging by 9.09 percent.
However, the port city bourse Chittagong Stock Exchange (CSE) closed slightly higher with its Selective Categories Index- CSCX – advancing 8.17 points to finish at 8,475.22 points.
Losers beat gainers 105 to 101, with 37 issues remaining unchanged on the port city bourse that traded 7.45 million shares and mutual fund units with a value of BDT 300 million.