Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended losses for the third running session on Thursday with falling turnover as worried investors continued to release their holdings.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and the Chittagong Stock Exchange, the port city bourse of the country, experienced downward trend throughout the session.
Key index of Dhaka Stock Exchange shedded 10.66 points while the selective category index of Chittagong Stock Exchange dropped 2.06 points at the closing.
The prime index of the Dhaka Stock Exchange (DSE) went down by 10.66 points or 0.24 per cent to finish at 4,370.40 points, despite went up by nearly 9.0 points within first 25 minutes of trading.
The DS30 index, comprising blue chips fell 2.69 points or 0.16 per cent to settle at 1,655.46 points.
The DSE Shariah Index (DSES) shed 1.08 points or 0.10 per cent to close at 1,059.71 points.
Trading activities also fell to BDT 3.30 billion on DSE, which was 20.28 per cent lower than the previous day’s BDT 4.14 billion.
The gainers, however, took a modest lead over the losers, as out of 316 issues traded, 136 closed higher, 129 lower and 51 remained unchanged on the DSE trading floor.
Bangladesh Steel Re-rolling Mills dominated the turnover chart with shares worth BDT 213 million changing hands followed by Keya Cosmetics, Emerald Oil, AFC Agro Biotech and Square Pharma.
Delta Brac Housing Finance Corporation was the day’s best performer, posting a rise of 7.12 per cent while Trust Bank was the worst loser, slumping by 11.62 per cent following its dividend recommendation.
The port city bourse Chittagong Stock Exchange (CSE) also ended in the red with its Selective Categories Index, CSCX, falling 2.06 points to finish at 8,182.23 points.
Losers beat gainers as 110 issues closed lower, 87 closed higher and 42 remained unchanged on the CSE.
The port city bourse traded 8.02 million shares and mutual fund units worth BDT nearly 210 million in turnover.