Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended lower for two consecutive sessions Thursday, with key index of the major bourse dipping below 6,100-mark again, as cautious investors continued on selling binge.
Analysts said the market extended the losses as investors continued their selling spree, especially on banking shares, following the central bank’s recent action on seven banks on violating the securities rules on investment.
Following the previous day’s decline, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid low participation of investors.
After witnessing volatile trading throughout the session, DSEX, the prime index of the DSE, which replaced the DGEN in four-and-a-half-year back, finished the week at 6,064 points, losing 44.16 points or 0.72 percent over the previous session.
DHAKA STOCK EXCHANGE:
The two other indices also followed the suit.
The DS30 index, comprising blue chips and the DSE Shariah Index (DSES) closed at 2,191 points and 1334 points, shedding 10.98 points and 6.86 points respectively.
The trading activities also fell sharply by 32 percent to BDT 7.43 billion over the previous day’s turnover BDT 10.92 billion.
A total number of 0.122 million trades were executed in the day’s trading session with trading volume of 209.12 million securities.
The total market capitalisation of the DSE stood at BDT 4,076 billion which was BDT 4,096 billion in the previous trading session.
Losers took a strong lead over the gainers as out of 331 issues traded, 197 closed lower, 97 higher and 37 remained unchanged on the DSE trading floor.
Brac Bank topped the day’s turnover chart with 3.84 million shares of BDT 380 million changing hands, closely followed by IFAD Autos BDT 379 million, Shahjalal Islami Bank BDT 352 million, Exim Bank BDT 226 million and Aamra Networks BDT 213 million.
Apex Spinning was the day’s best performer, posting a gain of 9.94 percent while Modern Dyeing was the day’s worst loser, plunging by 16.55 percent following its poor dividend declaration.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – losing 117 points to close at 11,378.
Losers beat gainers as 161 issues closed lower, 54 closed higher and 19 remained unchanged on the CSE.
The port city bourse traded 13.61 million shares and mutual fund units worth BDT 352 million in turnover.