Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended losses for the six consecutive sessions on Wednesday as investors continued on selling spree amid lack of confidence.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country opened with a negative note and also hold the negative momentum at the closing.
The benchmark index of Dhaka Stock Exchange (DSE) shedded 21.86 points while the port city bourse, selective category index of the Chittagong Stock Exchange (CSE) fell 49.81 points.
DHAKA STOCK EXCHANGE:
The benchmark index of the Dhaka Stock Exchange (DSE) settled at 4,462.18 points, slumping by 21.86 points or 0.49 per cent as the market fell almost throughout the session.
The DS30 index, comprising blue chips lost 2.13 points or 0.12 per cent to close at 1,713.28 points.
The DSE Shariah Index (DSES) fell 5.67 points or 0.52 per cent to finish at 1,083.40 points.
Trading activities, however, improved to BDT 5.78 billion on the DSE, which was 31 per cent higher than the previous day’s BDT 4.41 billion.
The losers took a strong lead over the gainers as out of 311 issues traded, 163 closed lower, 104 higher and 44 remained unchanged on the DSE trading floor.
Orion Pharmaceuticals dominated the turnover chart with shares worth BDT 298 million changing hands followed by LankaBangla Finance, Singer BD, GP and Summit Power.
BD Finance was the day’s best performer, posting a rise of 9.59 per cent while Singer BD was the worst loser, slumping by 19.95 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index, CSCX, shedding 49.81 points to finish at 8,362.46 points.
Losers beat gainers as 136 issues closed lower, 68 closed higher and 30 remained unchanged on the CSE.
The port city bourse traded 11.95 million shares and mutual fund units worth BDT above 357 million in turnover.
BBN/SK/AD