Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their losing streak for the fifth day in a row on Tuesday with falling turnover as ongoing pessimism persistent in the market.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country opened with a positive note, but could not sustain the positive momentum at the closing.
The benchmark index of Dhaka Stock Exchange (DSE) shedded 27.93 points while the port city bourse, selective category index of the Chittagong Stock Exchange (CSE) fell 48.38 points.
DHAKA STOCK EXCHANGE:
The benchmark index of the Dhaka Stock Exchange (DSE) went down by 27.93 points or 0.62 per cent to settle at 4,484.05 points, despite opening with a positive trend.
The DS30 index, comprising blue chips lost 7.44 points or 0.43 per cent to close at 1,715.41 points.
The DSE Shariah Index (DSES) shed 10.71 points or 0.97 per cent to finish at 1,089.07 points.
Trading activities on the DSE also slumped to BDT 4.41 billion, which was 4.75 per cent lower than the previous day’s BDT 4.63 billion.
The losers took a strong lead over the gainers as out of 325 issues traded, 170 closed lower, 108 higher and 47 remained unchanged on the DSE trading floor.
LankaBangla Finance dominated the turnover chart with shares worth BDT 337 million changing hands followed by GP, Orion Pharma, Singer BD and United Power Generation & Distribution Company.
Rupali Life Insurance was the day’s best performer, posting a rise of 9.94 per cent while Zeal Bangla Sugar Mills was the worst loser, slumping by 9.52 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index, CSCX, falling 48.38 points to finish at 8,410.10 points.
Losers beat gainers as 140 issues closed lower, 74 closed higher and 29 remained unchanged on the CSE.
The port city bourse traded 8.95 million shares and mutual fund units worth BDT 281 million in turnover.