Dhaka, Bangladesh (BBN)– Bangladesh’s stocks extended their losing spell for the fourth session in a row on Tuesday as most of the investors continued on selling mood amid reduced trading time in Ramadan.
The market opened positive and key index of the premier bourse advanced nearly 9.0 points within the first 40 minutes of trading, but rest of the session fell steadily, eventually ended lower.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,363.11, losing 5.89 points or 0.13 percent.
The two other indices also edged lower. The DS30 index, comprising blue chips, fell 2.78 points or 0.16 percent to close at 1,710.21 points.
The DSE Shariah Index (DSES) also lost 0.61 point or 0.06 percent to settle at 1,075.16 points.
Turnover, an important indicator of the market, remained low as total turnover on the DSE amounted to BDT 3.28 billion, like previous day’s BDT 3.28 billion.
The losers took a modest lead over the gainers as out of 318 issues traded, 138 closed lower, 123 higher and 57 remained unchanged on the DSE trading floor.
National Feed Mills dominated the turnover chart with 7.41 million shares worth BDT 160 million changing hands, followed by ACME Laboratories, Olympic Accessories, Bangladesh Building Systems and Bangladesh-Thai Aluminum.
National Feed Mills was also the day’s best performer, posting a rise of 10 percent, while Bangladesh-Thai Aluminum was the worst loser, plunging 9.83 percent following its rights share approval news.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index- CSCX- shedding 11.09 points to finish at 8,166.68 points.
Gainers beat losers 104 to 100, with 40 issues remaining unchanged on the port city bourse that traded 8.14 million shares and mutual fund units with a value of BDT 200 million.