Dhaka, Bangladesh (BBN)-Bangladesh stocks extended their losing spell for the second running session on Wednesday as worried investors continued on selling spree.
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 29.05 points while the selective category index of Chittagong Stock Exchange dropped 57.26 points at the closing.
The benchmark index of the Dhaka Stock Exchange (DSE) settled at 4,381.16 points, shedding 29.05 points or 0.65 per cent as the market fell steadily throughout the session.
The DS30 index, comprising blue chips plunged 15.73 points or 0.94 per cent to finish at 1,658.15 points.
The DSE Shariah Index (DSES) shed 7.39 points or 0.69 per cent to close at 1,060.79 points.
DSE turnover, however stood at BDT 4.14 billion, which was 28.17 per cent higher than the previous day’s BDT 3.23 billion.
The losers took a strong lead over the gainers as out of 317 issues traded, 191 closed lower, 86 higher and 40 remained unchanged on the DSE trading floor.
The newly listed Dragon Sweater and Spinning dominated the turnover chart with shares worth BDT 329 million changing hands followed by Keya Cosmetics, BSRM, Emerald Oil and Square Pharma.
Libra Infusion was the day’s best performer, posting a rise of 8.73 per cent while Zeal Bangla Sugar Mills was the worst loser, slumping by 8.33 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also ended lower with its Selective Categories Index, CSCX, shedding 57.26 points to finish at 8,186.08 points.
Losers beat gainers as 152 issues closed lower, 54 closed higher and 24 remained unchanged on the CSE.
The port city bourse traded 12.54 million shares and mutual fund units worth BDT above 284 million in turnover.