Dhaka, Bangladesh (BBN) – Bangladesh’s stocks slipped into the red on Thursday, extending the losing spell for the fourth running sessions as late sale pressure wiped out early gains.
The market opened with positive note with volatility. It could not maintain the trend as trading progressed during the four hours.
Both the Dhaka Stock Exchange, the prime bouse of Bangladesh, and the Chittagong Stock Exchange, the port city bourse of the country, plunged, on the last session of the week.
Key index of Dhaka Stock Exchange dipped 14.88 points while the selective catagory index of Chittagong Stock Exchange shedded 24.17 points at closing.
The prime index of the Dhaka Stock Exchange (DSE) settled at 4,564.48 points, after losing 14.88 points or 0.32 per cent at the end of the session.
The DS30 index, comprising blue chips, lost 4.86 points or 0.28 percent to end at 1,725.97.The DSE Shariah Index (DSES) shed 4.88 points or 0.44 percent to finish at 1,092.30.
However, DSE turnover rose to BDT 4.56 billion, which was 74 percent higher than the previous session’s nearly eight months lowest turnover of BDT 2.62 billion.
The losers took a modest lead over the gainers as out of 319 traded issues, 151 closed lower, 114 higher and 54 remained unchanged on the DSE trading floor.
Khulna Power Company dominated the day’s turnover chart with shares of BDT 184 million changing hands followed by Square Pharma, SPCL, IFAD Autos and ACI.
Samorita Hospital was the day’s best performer, posting a rise of 9.98 percent while Savar Refactories was the day’s worst loser, plunging by 14 percent.
The port city bourse Chittagong Stock Exchange (CSE) closed lower with its Selective Categories Index – CSCX – losing 24.17 points to end at 8,488.73.
Losers beat gain gainers 134 to 68, with 32 issues remaining unchanged on the port city bourse that traded 8.62 million shares and mutual fund units with a value of BDT 266 million.