Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed marginally lower on Wednesday, after remaining flat in the previous session, as investors were mostly cautious.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, showed its negative trend at the closing.
The key index of Dhaka Stock Exchange (DSE) slipped 11.87 points, while the port city bourse, selective catagory index of Chittagong Stock Exchange (CSE) lost 20.48 points at the closing.
DHAKA STOCK EXCHANGE:
After witnessing volatile trading almost throughout the session, the Prime Index of the Dhaka Stock Exchange (DSEX) settled at 4,318.44, shedding 11.87 points or 0.27 per cent.
The DS30 index, comprising blue chips, fell 7.54 points or 0.45 per cent to finish at 1,673.54 points.
The DSE Shariah Index (DSES) dropped 3.71 points or 0.35 per cent to close at 1,062.49 points.
Turnover, an important indicator of the market, came down to BDT 3.22 billion, which was 25 per cent lower than the previous day’s BDT 4.30 billion.
However, the gainers took a modest lead over the losers as out of 319 issues traded, 136 closed higher, 127 lower and 56 remained unchanged on the DSE trading floor.
United Power Generation & Distribution Company dominated the turnover chart with 1.38 million shares worth BDT 233 million changing hands, followed by BSRM Steels, BSRM, BATBC and MJL BD.
Tung Hai Knitting and Dyeing was the day’s best performer, posting a gain of 8.33 per cent, while Pioneer Insurance was the worst loser, plunging 11.74 per cent following its price adjustment after record date.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also edged lower with its Selective Categories Index, CSCX, falling 20.48 points to 8,071.28 points.
Losers beat gainers as 98 issues closed lower, 90 closed higher and 39 remained unchanged on the CSE.
The port city bourse traded 6.49 million shares and mutual fund units worth BDT 183 million in turnover.
BBN/SK/AD