Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended lower on Wednesday, after remaining flat in the past three days, as risk-averse investors went on selling spree.
Both bourses – the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) closed lower.
The market started with steep fall and the key index of the major bourse plunged around 30 points within first hour of trading, but rest of the session recovered some points, ultimately ended 23.66 points.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,658.21 points, slumping by 23.66 points or 0.5` percent over the previous day.
The two other indices also closed in the red. The DS30 comprising blue chips fell 1.02 points or 0.05 percent to settle at 1,757.24 points.
The DSE Shariah Index (DSES) lost 5.05 points or 0.45 percent to close at 1,113.06 points.
Turnover, the important indicator of the market, stood at BDT 5.91 billion, which was 2.96 percent lower than the previous session’s turnover of BDT 6.09 billion.
The losers took a strong lead over the gainers as out of 326 issues traded, 208 closed lower, 75 closed higher and 43 remained unchanged on the DSE trading floor.
Doreen Power Generations and Systems dominated the DSE turnover chart with some 3.25 million shares worth BDT 371 million changing hands, followed by KDS Accessories BDT 216 million, Fortune Shoes BDT 182 million, Aman Feed BDT 167 million and Titas Gas BDT 152 million.
JMI Syringe & Medical Devices was the day’s best performer, posting a 9.99 percent gain, while Alltex Industries was the worst loser, slumping by 43.82 percent.
Chittagong Stock Exchange:
The port city bourse, the Chittagong Stock Exchange (CSE) also ended lower with its Selective Categories Index – CSCX – plunging by 55.72 points to settle at 8,700.80 points.
Losers beat gainers as 166 issues closed lower, 51 closed higher and 24 remained unchanged on the CSE.
The port city bourse traded 16.79 million shares and mutual fund units’ worth over BDT 384 million in turnover.