Dhaka, Bangladesh (BBN) – Bangladesh’s stocks down for the third consecutive sessions on Wednesday with sluggish turnover as most of the investors refrain from trading activities.
The market faced the nosedive as most of the investors were reluctant to make fresh investments, experts said.
The key index of Dhaka Stock Exchange shedded 9.96 points while the selective category index of Chittagong Stock Exchange also dropped 15.12 points at closing Wednesday.
The prime index of the Dhaka Stock Exchange (DSE) went down by 9.96 points or 0.21 percent to finish at 4,579.37 after four hours of trading at closing.
The DS30 index, comprising blue chips, lost 4.85 points or 0.27 percent to end at 1,730.84.
The DSE Shariah Index (DSES) shed 4.43 points or 0.40 percent to settle at 1,097.18.
DSE turnover dropped to BDT 2.62 billion, which was nearly 12 percent lower that the previous session’s BDT 2.97 billion.
The losers took a modest lead over the gainers as out of 315 traded issues; 147 closed lower, 123 higher and 45 remained unchanged on the DSE trading floor.
Singer BD dominated the day’s turnover chart with shares of BDT 130 million changing hands. It was followed by Lafarge Surma Cement, KDS Accessories, C&A Textile and United Airways.
Delta Spinner was the day’s best performer, posting a rise of 10 percent while Far Chemical was the day’s worst loser, plunging by 22.06 percent.
The port city bourse Chittagong Stock Exchange (CSE) edged lower with its Selective Categories Index – CSCX – losing 15.12 points to end at 8,515.05.
Losers beat gainers 117 to 77, with 41 issues remaining unchanged on the port city bourse that traded 7.56 million shares and mutual fund units with a value of BDT 224.40 million.