Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished slightly lower for the two consecutive sessions on Wednesday amid volatile trading throughout the session as most of the investor followed cautious stance ahead of year-end.
The market opened with an optimistic note in the morning, gaining more than 12.69 points to stand at 4,943.96 points within first 15 minutes of trading.
After 30 minutes of trading, DSEX, the prime index Dhaka Stock Exchange (DSE) went down by 3.51points to came down at 4,927.65 points at 11:00am.
After two hours of trading at 12:30pm, the market returned to the positive zone with DSEX advancing 4.63 points, but failed to sustain the positive momentum in the last two hours, ultimately closed slightly lower.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,924.34 points, losing 6.83 points or 0.13 percent over the previous day.
The two other indices also edged lower.
The DS30 index, comprising blue chips fell 5.61 points or 0.31 percent to reach at 1,791.57 points.
The DSE Shariah Index (DSES) also lost 0.72 points or 0.06 percent to reach at 1,166.62 points.
Turnover, the crucial indicator of the market, also came down to Tk 745 billion, which was 20 percent lower than the previous day’s Tk 9.33 billion.
Of the 326 issues traded, 104 advanced, 171 declined and 51 issues remained unchanged on the DSE trading floor.
Bangladesh Building Systems dominated the turnover chart with 5.62 million shares of BDT 312 million changing hands, closely followed by Square Pharmaceuticals BDT 280 million, CMC Kamal BDT 207 million, Emerald Oil BDT 193 million and Golden Harvest Agro Industries BDT 182 milion.
The port city bourse – the Chittagong Stock Exchange – (CSE) also saw mild correction for the second straight day with its Selective Category Index – CSCX – falling 19.42 points to stand at 9,185.18 points.
Losers beat gainers as 139 issues closed lower, 87 closed higher and 28 remained unchanged on the CSE.
The port city bourse traded 13.72 million shares and mutual fund units’ worth over BDT 351 million in turnover.