Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended lower for five consecutive sessions with turnover remaining sluggish as worried investors continued on selling spree.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and the Chittagong Stock Exchange, the port city bourse of the country, opened with positive mood but could not sustain the trend as time passed by.
Key index of Dhaka Stock Exchange shedded 40.68 points while the selective category index of Chittagong Stock Exchange dipped 56.13 points at the closing.
DHAKA STOCK EXCHANGE:
At the end of the session, the prime index of the Dhaka Stock Exchange (DSE), went down by 40.68 points or 0.88 per cent lower to settle at 4,542.73 points.
The DS30 index, comprising blue chips, dropped 14.84 points or 0.85 per cent to finish at 1,726.25.
The DSE Shariah Index (DSES) shed 9.13 points or 0.82 per cent to close at 1,096.22.
DSE turnover continued to fall as the total turnover came down to BDT 2.74 billion, which was 26.72 per cent lower than the previous day’s BDT 3.74 billion.
The losers took a strong lead over the gainers as out of 320 traded issues, 221 closed lower, 62 higher and 37 remained unchanged on the DSE trading floor.
Square Pharma dominated the turnover chart with share of BDT 156 million changing hands followed by Beximco Pharma BDT 123 million, Delta Life Insurance BDT 117 million, Quasem Drycells BDT 112 million and BSRM Steels BDT 87 million.
First Bangladesh Fixed Income Fund (FBFIF) was the day’s best performer, posting a rise of 8.62 per cent while BIFC was the day’s worst loser, plunging by 9.34 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index- CSCX- plunging 56.13 points to end at 8,448.91.
Losers beat gainers 174 to 45, with 29 issues remaining unchanged on the port city bourse that traded 5.90 million shares and mutual fund units with a value of BDT 184 million.