Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended lower on Tuesday for the third running sessions as investors rushed in panic sell amid ongoing political turmoil across the country.
However, few sector specific stocks made some gain as some traders considered the market weakness as an opportunity to buy.
DSEX, the prime index of the DSE went down by 10.13 points or 0.20 percent to close at 4,856.94 points.
The two other indices also ended in red. The DS30 index, comprising blue chips dropped by 1.55 points or 0.08 percent to close at 1,802.07 points. The DSE Shariah Index (DSES) shed 2.91 points or 0.25 percent to stand at 1,150.35 points.
Turnover stood at BDT 2.47 billion, down by 13.33 per cent from BDT 2.85 billion in the previous session.
The losers took a lead over the gainers as out of 310 issues traded, 187 declined, 79 advanced and 44 remained unchanged on the DSE floor.
Newly listed National Feed Mills was the most traded stock with shares worth Tk 92.19 million changing hands followed by GP, Agni Systems, Western Marine and Lafarge Surma Cement.
NCC Bank First Mutual Fund was the day’s top gainer, posting a rise of 10.52 percent while National Feed Mills was the day’s worst loser, plunging 9.41 percent.
The port city bourse, Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index – CSCX – lost 32.87 points to close at 9,005.81points.
Losers beat gainers 162 to 58 with 20 issues remaining unchanged at the port city bourse that traded 8.25 million shares and mutual fund units, turnover value of BDT 252.34 million.
BBN/SSR/BB-20Jan15-12:10 am (BST)