Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the losing streak for three consecutive sessions on Wednesday as investors remained on selling spree on sector-wise stocks.
Brokers said the ongoing pessimism kept investors mostly on selling binge, especially in the later part of the session, taking the market in the red zone.
The market opened on a positive note and the key index of the major bourse soared more than 28 points in the mid-day. But rest of the session went down steadily.
Finally, DSEX, the key index of the Dhaka Stock Exchange, plunged 14 points while All Share Price Index of the Chittagong Stock Exchange lost 21 points.
DHAKA STOCK EXCHANGE:
DSEX, the core index of the Dhaka Stock Exchange, finished at 5,395, after losing nearly 14 points or 0.25 per cent over the previous day.
The two other indices also fell marginally. The DS30 index, comprising blue chips, shed 4.22 points to settle at 2,001 and the DSE Shariah Index lost 2.86 points to close at 1,251.
Turnover, the most important indicator of the market, also came down to BDT 4.61 billion, which was 18 per cent lower than the previous session’s BDT 5.64 billion.
The losers took a modest lead over the gainers as out of 335 issues traded, 147 closed lower, 131 ended higher and 23 issues remained unchanged on the DSE trading floor.
Beximco topped the DSE turnover chart with shares worth BDT 274 million changing hands, closely followed by Alif Industries, Golden Harvest Agro Industries, Intraco Refueling Station and Nahee Aluminum.
Alif Industries was the day’s highest gainer, posting a gain of 9.94 percent while Phoenix Insurance was the day’s worst loser, losing 7.03 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse CSE also finished lower with its CSE All Share Price Index – CASPI – losing 21 points to settle at 16,682 and the Selective Categories Index – CSCX – shedding 15 points to finish at 10,093 points.
The losers and gainers were same as 97 issues closed lower while 97 ended higher, with 36 issues remained unchanged on the CSE.
The port city bourse traded 6.10 million shares and mutual fund units worth more than BDT 218 million in turnover.