Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their losing spell for the three consecutive sessions on Tuesday as cautious investors continued on selling spree.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, showed positive attitude when the market opened at 10:30am.
But as the time passes it showed negative trend at midday. Brokers said, the market plunged as investors failed to predict the future.
The prime index of Dhaka Stock Exchange (DSE) slipped 33.78 points, while the port city bourse, selective catagory index of Chittagong Stock Exchange (CSE) lost 63.24 points at the closing.
The prime index of the Dhaka Stock Exchange (DSE) went down by 33.78 points or 0.76 per cent to end at 4,357.63 points, despite first 30 minutes was in a positive territory.
The DS30 index, comprising blue chips, fell 10.47 points or 0.62 per cent to settle at 1,662.39 points.
The DSE Shariah Index (DSES) also dropped 6.95 points or 0.65 per cent to close at 1,055.97 points.
DSE turnover also came down to BDT 3.40 billion, which was 20 per cent lower than the previous day’s BDT 4.25 billion.
The losers took a strong lead over the gainers as out of 321 issues traded, 216 closed lower, 72 higher and 33 remained unchanged on the DSE trading floor.
ACI Limited dominated the turnover chart with shares worth nearly BDT 223 million changing hands, followed by MJL BD, Doreen Power, IBN Sina and LankaBangla Finance.
BD Lamps topped the gainer’s chart for the second running session, posting a rise of 7.76 per cent, while United Insurance was the worst loser, slumping by 11.52 per cent following its price adjustment after record date.
The port city bourse Chittagong Stock Exchange (CSE) also ended lower for the third day, with its Selective Categories Index, CSCX, plunging by 63.24 points to 8,151.27 points.
Losers beat gainers as 160 issues closed lower, 55 closed higher and 27 remained unchanged on the CSE.
The port city bourse traded 7.22 million shares and mutual fund units worth nearly BDT 213 million in turnover.