Dhaka, Bangladesh (BBN)-Bangladesh stocks extended their losing spell for the second running session on Thursday, with turnover dipping further, as investors remained mostly cautious amid lack of clear market direction.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and the Chittagong Stock Exchange, the port city bourse of the country, experienced downward trend throughout the session.
Key index of Dhaka Stock Exchange shedded 19.79 points while the selective category index of Chittagong Stock Exchange dropped 27.65 points at the closing.
After witnessing volatility in the opening hour, DSEX, the prime index of the Dhaka Stock Exchange (DSEX) came down below the 4,300-mark after five-session and settled at 4,298.65, losing 19.79 points or 0.45 per cent.
The DS30 index, comprising blue chips, fell 6.29 points or 0.37 per cent to finish at 1,667.25.
The DSE Shariah Index (DSES) lost 6.40 points or 0.60 per cent to close at 1,056.09 points.
Turnover, the crucial indicator of the market, remained low as total turnover came down to 13-session low to BDT 3.11 billion, which was 3.42 per cent lower than the previous day’s BDT 3.22 billion.
The losers took a strong lead over the gainers as out of 309 issues traded, 157 closed lower, 106 higher and 46 remained unchanged on the DSE trading floor.
Linde Bangladesh dominated the turnover chart with shares worth BDT 216 million changing hands, followed by United Power, BSRM, MJL BD and BSRM Steels.
Tosrifa Industries was the day’s best performer, posting a rise of 9.46 per cent, while Dhaka Bank was the worst loser, slumping by 13.12 per cent following its price adjustment after record date.
The port city bourse Chittagong Stock Exchange (CSE) also edged lower with its Selective Categories Index, CSCX, shedding 27.65 points to 8,043.63 points.
Losers beat gainers as 115 issues closed lower, 81 closed higher and 43 remained unchanged on the CSE.
The port city bourse traded 5.26 million shares and mutual fund units worth BDT 167 million in turnover.