Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished marginally lower on Wednesday, extending the losing spell for the five consecutive sessions most of the investors remained on selling mood amid lack of market triggers.
Meanwhile, trading on the bourses will remain closed tomorrow (Thursday) on the occasion of Janmashtami.
Brokers said, some large-cap stocks were under selling pressure, which dragged the benchmark index in red zone for the five consecutive sessions.
Starting with a mixed trend, the key index of the premier bourse lost about 20 points in the mid-session. However last hour buying on some sector specific stocks helped to recover half of the losing points, ultimately ended 9.41 points lower.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went down by 9.41 points or 0.21 percent to finish at 4,554.27 points. In the past five consecutive sessions, DSEX lost about 42 points.
The two other indices also ended in the red. The DS30 index, comprising blue chips, fell 8.75 points or 0.49 per cent to settle at 1,748 points.
The DSE Shariah Index (DSES) lost 4.52 points or 0.41 percent to close at 1,107.35 points.
The losers took a modest lead over the gainers as out of 322 issues traded, 136 closed lower, 117 closed higher and 69 remained unchanged on the DSE trading floor.
MJL Bangladesh dominated the turnover chart for the second session in a row with over 2.20 million shares worth nearly BDT 228 million changing hands, followed by National Tubes, Olympic Industries, Delta Life Insurance and Apex Tannery.
Apex Food was the day’s best performer, posting a gain of 9.96 percent, while square Textile was the worst loser, plunging by 12.41 percent following its price adjustment after record date.
However, the port city bourse Chittagong Stock Exchange (CSE) inched higher with its Selective Categories Index- CSCX –advancing 0.66 points to finish at 8,521.27 points.
Losers beat gainers 105 to 101, with 46 issues remaining unchanged on the port city bourse that traded 7.61 million shares and mutual fund units with a value of BDT 243 million.