Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their losing streak for the third straight sessions on Wednesday as investors remained shaky amid gloomy market outlook.
The market opened with a positive note, but could not sustain as the session progressed. DSEX, the prime index of the DSE went down further by 30.30 points or 0.70 percent to close at 4,252.94 points.
It was also the lowest level of DSEX since December 29, 2013, when it was 4,209.69 points.
The two other indices also ended in the red. The DS30 index, comprising blue chips lost 10.63 points or 0.65 percent to close at 1,621.56 points.
The DSE Shariah Index (DSES) shed 3.52 points or 0.33 percent to close at 1,041.46 points.
The total turnover on DSE, however, crossed BDT 5.0 billion-mark and amounted to BDT 5.25 billion, which was 19.58 percent higher over the previous day’s value of BDT 4.39 billion.
The losers took a lead over the gainers as out of 309 issues traded, 187 declined, 92 advanced and 30 remained unchanged.
United Power Generation and Distribution Company continued to dominate the top turnover chart with shares worth BDT 623.17 million changing hands followed by KPCL, Western Marine, ACI, and Saif Powetec.
The port city bourse, Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index-CSCX- lost 96.21 points to close at 7,957.16 points.
Losers beat gainers 146 to 70, with 22 issues remaining unchanged at the port city bourse that traded 11.08 million shares and mutual fund units, turnover value of BDT 420.55 million.
BBN/BB-AD-22Apr15-3:20pm (BST)