Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended marginally lower on Wednesday as investors remained on selling binge, especially on banking stocks.
Analysts said the ongoing pessimism kept investors to continue shares selling, taking the market in the red zone.
The market opened on a negative note and the downward trend continued till end of the session amid volatile trading.
Finally, DSE core index ended more than 30 points lower while CSE All Share Price Index fell 49 points at closing.
DHAKA STOCK EXCHANGE:
DSEX, core index of Dhaka Stock Exchange (DSE), went down by 30.79 points or 0.57 percent to settle at 5,361 points.
The two other indices also ended lower. The DS30 index, comprising blue chips, fell more than 2.37 points or 0.12 percent to finish at 1,988.
The DSE Shariah Index lost 11 points or 0.90 percent to close at 1,251.
Turnover, another important indicator of the market, stood at BDT 4.88 billion, which was 11 percent higher than the previous session’s BDT 4.38 billion.
The losers beat gainers as out of 329 issues traded, 230 closed lower, 60 closed higher and 39 remained unchanged on the DSE trading floor.
BRAC Bank topped the DSE turnover chart with shares worth BDT 289 million changing hands, closely followed by Intraco Refueling Station, Bangladesh Steel Re-rolling Mills, Queen South Textile and Legacy Footwear.
Intraco Refueling was also the day’s highest gainer, posting a gain of 9.39 percent while Jamuna Bank was the day’s worst loser, losing 20.52 percent following its price adjustment after record date.
CHITTAGONG STOCK EXCHANGE:
The port city bourse CSE also ended lower with its CSE All Share Price Index – CAPSI – losing 49 points to settle at 16,591 and the Selective Categories Index – CSCX – shedding 30 points to finish at 10,033 points.
Here too, losers beat the gainers 135 to 57, with 21 issues remained unchanged on the CSE.
The port city bourse traded 6.48 million shares and mutual fund units worth more than BDT 185 million in turnover.