Dhaka, Bangladesh (BBN)–Bangladesh’s stocks returned to the red on Wednesday, after previous session’s marginal gain, with turnover falling further, as investors remained followed cautious stance.
The market moved significantly between red and green as the days wore on with intra-day volatility.
At the end of the session, DSEX, the prime index of the DSE went down by 19.28 points or 0.46 percent to close at 4,099.20 points.
The two other indices also ended in the red.
The DS30 index, comprising blue chips lost 4.85 points or 0.30 per cent to close at 1,562.93 points.
The DSE Shariah Index (DSES) fell 8.46 points or 0.83 percent to close at 1,005.17 points.
The total turnover on DSE also came down to BDT 3.16 billon, which was 2.16 percent lower compared to previous session’s value of BDT 3.23 billion.
The losers took a strong lead over the gainers as out of 309 issues traded, 184 declined, 91 advanced and 34 remained unchanged.
United Power Generation and Distribution Company dominated the top turnover chart with shares worth BDT 307.65 million changing hands followed by ACI Formulations, Western Marine Shipyard, BSRM and ACI Ltd.
ACI Formulations was the day’s top gainer, posting a rise of 10.09 percent while Beximco Synthetics was the day’s worst loser, plunging by 18.08 percent.
The port city bourse, Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – lost 11.76 points to close at 7,681.77 points.
Losers beat gainers 130 to 62, with 26 issues remaining unchanged at the port city bourse that traded 16.49 million shares and mutual fund units, turnover value of BDT 389.98 million.