Dhaka, Bangladesh (BBN)– Bangladesh’s stocks ended marginally lower on Wednesday, after remaining flat in the past six trading sessions, as investors were mostly cautious after monetary policy announcement.
The Bangladesh Bank (BB) on Tuesday unveiled ‘cautiously accommodative’ monetary policy for the first half of the current fiscal year, concentrating on moderation and stabilization of inflation.
After witnessing fluctuating in the morning, the key index of the premier bourse fell steadily rest of the session, ultimately ended marginally lower.
At the of the session, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), finished at 4,538.21 points, shedding 11.96 points of 0.26 percent over the previous day.
The two other indices also edged lower. The DS30 index, comprising blue chips, fell 5.87 points or 0.33 percent to settle at 1,771.93 points. The DSE Shariah Index (DSES) also lost 3.44 points or 0.31 percent to finish at 1,113.13 points.
The total turnover on the DSE came down to BDT 4.05 billion, which was 9.60 percent lower than the previous day’s value of BDT 4.48 billion.
The losers took a modest lead over the gainers as out of 326 issues traded, 160 closed lower, 101 higher and 65 remained unchanged on the DSE trading floor.
GrameenPhone (GP) dominated the turnover chart after a long time with 1.38 million shares worth nearly BDT 390 million changing hands, followed by Square Pharma, Islami Bank, Singer Bangladesh and AMCE Laboratories.
Exim Bank First Mutual Fund was the day’s best performer, posting a rise of 9.33 percent, while Pragati Life Insurance was the worst loser, plunging by 8.95 percent.
The port city bourse Chittagong Stock Exchange (CSE) also closed slightly lower with its Selective Categories Index-
CSCX – falling 17.91 points to finish at 8,505.68 points.
Losers beat gainers 127 to 84, with 40 issues remaining unchanged on the port city bourse that traded 6.28 million shares and mutual fund units with a value of BDT 210 million.