Dhaka, Bangladesh (BBN)-Bangladesh’s stocks edged lower for the second running session on Wednesday with turnover improved slightly as the investors went for late hours selling binge.
The market opened with a positive mood, but could not sustain.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), ended at 5,109.42 points, shedding 19.41 points or 0.37 percent.
The other two indices also closed in the red.
The DS30, comprising blue chips lost 14.21 points or 0.73 percent to close at 1,919.32 points.
The DSE Shariah Index dropped 4.02 points or 0.33 percent to close at 1,202.84 points.
DSE turnover improved to BDT 5.45 billion, registering an increase of 18 percent over the previous day’s three-month lowest value of BDT 4.62 billion.
The gainers, however, took a lead over the losers as out of 305 issues traded, 169 advanced, 104 declined and 32 remained unchanged on the DSE floor.
Summit Purbanchol Power Company was the most traded stock with shares worth BDT 277.10 million changing hands followed by GP, KPCL, MJL BD and KPPL.
Desh Garment was the day’s highest gainer, posting a rise of 14.04 percent while Popular Life Insurance was the day’s worst loser, slumping by 21.46 percent following its price adjustment after record date.
The port city bourse, Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – lost 27.17 points to close at 9,596.82 points.
Gainers beat losers 104 to 94, with 23 issues remaining unchanged at the port city bourse that traded 11.42 million shares and mutual fund units, turnover value of BDT 430.59 million.
Wednesday, July 24, 2019