Dhaka, Bangladesh (BBN)-Bangladesh stocks slipped into the red on Wednesday with falling turnover as investors booked quick-profits, especially on large-cap stocks.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, showed downward trend throughout the session.
The key index of Dhaka Stock Exchange (DSE) dipped 29.61 points while the port city bourse, selective categories index of Chittagong Stock Exchange (CSE) lost 16.28 points at the closing.
The benchmark index of the Dhaka Stock Exchange (DSE) went down by 29.61 points or 0.66 per cent to settle at 4,446.29 points as the market fell steadily almost throughout the session.
The DS30 index, comprising blue chips fell sharply by 20.04 points or 1.17 per cent to finish at 1,693.30 points.
The DSE Shariah Index (DSES) shed 6.94 points or 0.64 per cent to close at 1,080.45 points.
DSE turnover came down to BDT 3.71 billion, which was 15 per cent lower than the previous day’s two week high turnover of BDT 4.35 billion.
The losers took a strong lead over the gainers as out of 308 issues traded, 148 closed lower, 113 higher and 47 remained unchanged on the DSE trading floor.
Summit Power dominated the turnover chart with shares worth BDT 178 million changing hands followed by AFC Agro Biotech, Alltex Industries, LankaBangla Finance and Aman Feed.
Miracle Industries was the day’s best performer, posting a rise of 7.07 per cent while UCB was the worst loser, slumping by 8.36 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also returned to the red with its Selective Categories Index, CSCX, falling 64.99 points to finish at 8,324.65 points.
Losers beat gainers as 116 issues closed lower, 79 closed higher and 35 remained unchanged on the CSE.
The port city bourse traded 9.39 million shares and mutual fund units worth BDT above 268 million in turnover.