Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended lower on Wednesday to continue last day’s flat movement as investors went on selling spree following weak export data.
Bangladesh’s export earnings in the first quarter of the current fiscal year posted 0.83 per cent growth, the lowest in last five years, due to slow performance of the largest RMG sector.
In the first quarter of the fiscal year, Bangladesh earned $7.76 billion, said the Export Promotion Bureau (EPB) of Bangladesh data released on Tuesday.
The figure was $7.7 billion during the same period one year ago.
The market opened with a mixed trend and fell steadily almost throughout the session.
The key index of Dhaka Stock Exchange went down by 32.70 points while the selective catagories index of Chittagong Stock Exchange shedded 67.43 points at closing on Wednesday.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 32.70 points or 0.67 percent to settle at 4,800.62.
The DS30 index, comprising blue chips, fell 15.05 points or 0.82 percent to finish at 1,827.82. The DSE Shariah Index (DSES) shed 9.18 points or 0.79 per cent to end at 1,158.98.
DSE turnover dropped to BDT 3.98 billion, which was 4.0 percent lower than the previous session’s BDT 4.15 billion.
The losers took a strong lead over the gainers as out of issues traded 321 issues traded, 185 closed lower, 102 higher and 34 remained unchanged on the DSE trading floor.
Beximco Pharma dominated the day’s turnover chart with shares of BDT 219 million changing hands followed by Far Chemical Industries, GP, Lafarge Surma and Brac Bank.
EBL NRB Mutual Fund was the day’s best performer, posting a rise of 9.30 percent while Alltex Industries was the day’s worst loser, plunging by 5.72 percent.
The port city bourse Chittagong Stock Exchange (CSE) closed lower with its Selective Categories Index – CSCX – shedding 67.43 points to end at 8,953.49.
Losers beat gainers 147 to 83, with 19 issues remained unchanged on the port city bourse that traded 16 million shares and mutual fund units with a value of BDT 356 million.