Dhaka, Bangladesh (BBN)-Bangladesh stocks extended losses for the fourth session is a row on Sunday, with turnover declining turnover as nervous investors were reluctant to take fresh exposure in the market.
The market opened the week on a negative note and the downturn sustain till end of the session.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and the Chittagong Stock Exchange, the port city bourse of the country, experienced downward trend throughout the session.
Key index of Dhaka Stock Exchange shedded 14.56 points while the selective category index of Chittagong Stock Exchange dropped 43.36 points at the closing.
The benchmark index of the Dhaka Stock Exchange (DSE) went down by 14.56 points or 0.33 per cent finish at 4,355.94 points.
The DS30 index, comprising blue chips lost 4.32 points or 0.26 per cent to settle at 1,651.14 points.
The DSE Shariah Index (DSES) shed 2.42 points or 0.23 per cent to close at 1,057.29 points.
The single-day turnover on the DSE came down to the year’s lowest of BDT 2.78 billion, which was 16 per cent lower than the previous session’s BDT 3.30 billion.
The lowers took a strong lead over the gainers as out of 319 issues traded, 165 closed lower, 106 higher and 48 remained unchanged on the DSE trading floor.
Keya Cosmetics dominated the turnover chart with shares worth BDT 126 million changing hands followed by Emerald Oil, BSRM, Dragon Sweater & Spinning and Golden Harvest Agro Industries.
The IBN Sina was the day’s best performer, posting a rise of 9.98 percent while Southeast Bank was the worst loser, slumping by 9.52 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also ended lower for the fourth session with its Selective Categories Index, CSCX, shedding 43.36 points to finish at 8,138.75 points.
Losers beat gainers as 133 issues closed lower, 61 closed higher and 39 remained unchanged on the CSE.
The port city bourse traded 7.31 million shares and mutual fund units worth BDT nearly 179 million in turnover.