Investors are in despair as Bangladesh's stocks nosedive. BBN file photo
Dhaka, Bangladesh (BBN) - Bangladesh’s stocks fell marginally at closing on Tuesday to continue the two consecutive sessions’ trend amid choppy trading.
Following the previous day’s correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened marginally lower amid low trading activities.
Within first 30 minutes of trading, the key index of the country’s prime bourse fell nearly 7.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse lost more than 4.0 points at 10:30am.
After first hour of trading, the DSEX advanced more than 7.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 5.0 points at 11:00am.
After two hours of trading, DSEX fell more than 7.37 points while the CSE All Shares Price Index lost 46 points at 12noon when the report was filed.
At closing, DSEX plunged more than 7.72 points while the CSE All Shares Price Index lost 39 points.
DHAKA STOCK EXCHANGE:
DSEX, the core index of the Dhaka Stock Exchange (DSE), settled at 5,409, after shedding 7.72 points or 0.14 percent over the previous day.
It was a day of choppy trade on the DSE. The market fell at the beginning of the session and then again rose twice in the day’s session.
Two other indices of the premier bourse also ended marginally lower.
The DS30 index, comprising blue chips, dropped 5.38 points settle at 2,006 and the DSE Shariah Index (DSES) lost 3.54 points close at 1,254.
However, turnover, an important indicator of the market, crossed BDT 5.50 billion-mark to BDT 5.64 billion, which was more than 30 per cent higher than the previous day’s BDT 4.32 billion.
The losers took a modest lead of the gainers as of the 334 issues traded, 151 closed lower, 138 higher and 45 issues remained unchanged on the DSE trading floor.
Beximco was the day’s most traded stocks with shares worth BDT 315 million changing hands, closely followed by Intraco Refueling Station, Monno Ceramic Industries, Nahee Aluminum and Alif Industries.
Alif Industries was the day’s best performer, posting a gain of 10 per cent while Central Insurance was the day’s worst loser, shedding 8.62 per cent.
CHITTAGONG STOCK EXCHANGE:
The Chittagong Stock Exchange (CSE) also finished lower with CSE All Share Price Index – CASPI – losing 39 points to end at 16,703 and Selective Categories Index – CSCX –losing 23 points to finish at 10,109.
Losers beat gainers as 122 issues closed lower, 73 higher and 34 remained unchanged on the CSE.
The port city bourse traded 6.72 million shares and mutual fund units worth more than BDT 207 million in turnover.
BBN/SS/ANS