Dhaka, Bangladesh (BBN)-Bangladesh’s stocks edged lower for the third running session on Wednesday with sluggish turnover as investors continued on profit booking mood.
The market opened higher, gaining 28 points within first 30 minutes, but rest of the session fell steadily, eventually ended marginally lower.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, showed downward trend.
The key index of Dhaka Stock Exchange dipped 6.04 points while the selective categories index of Chittagong Stock Exchange lost 21.49 points on Wednesday.
At the end of the session, the prime index of the Dhaka Stock Exchange (DSE) fell 6.04 points or 0.13 per cent to close at 4,568.01 points.
The DS30 index, comprising blue chips, dropped 5.07 points or 0.29 per cent to end at 1,727.95.
The DSE Shariah Index (DSES) shed 4.33 points or 0.39 per cent to finish at 1,098.48.
Turnover on the DSE also fell to BDT 3.87 billion, which was 12.64 per cent lower than the previous day’s turnover of BDT 4.43 billion.
Losers took a strong lead over the gainers as out of 318 traded issues, 153 closed lower, 114 higher and 51 remained unchanged on the DSE trading floor.
IFAD Autos was the day’s top turnover chart with shares of BDT 186 million changing hands followed by KDS Accessories, Al-Arafa Islami Bank, Saif Powertec and Beximco Pharma.
Prime Finance First Mutual Fund was the day’s best performer, posting a rise of 10 per cent while National Tubes was the day’s worst loser, plunging 16.99 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories IndeX- CSCX- shedding 10.59 points to end at 8,496.06.
Losers beat gainers 124 to 88, with 28 issues remaining unchanged on the port city bourse that traded 8.23 million shares and mutual fund units with a value of Tk 248 million.