Dhaka, Bangladesh (BBN)-Bangladesh’s stocks closed marginally lower on Tuesday, for the fourth day in row as investors went for late hour selling binge, fearing further fall.
The market started with a mixed trend and gradually landed into the red as the session progressed.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), fell below the 4,800-mark and settled at 4,791.47, shedding 24.16 points or 0.50 per cent.
The two other indices also closed lower. The DS30 index, comprising blue chips, dropped 9.83 points or 0.52 per cent to finish at 1,859.48.
The DSE Shariah Index (DSES) fell 4.89 points or 0.41 per cent to end at 1,184.11.
Turnover dipped below BDT 6.0 billion-mark to BDT 5.47 billion, which was 17 per cent lower than the previous session’s BDT 6.60 billion.
The losers took a strong lead over the gainers as out of 320 issues traded, 179 closed lower, 111 higher and 30 remained unchanged on the DSE trading floor.
United Power Generation and Distribution Company was remained the day’s top turnover leader with shares of BDT 377 million changing hands followed by Islami Bank, FAR Chemicals, Square Pharma and CVO Petrochemical.
Northern Jute Manufacturing Company was the day’s best performer, posting a rise of 8.74 per cent while ICB Fourth Mutual Fund was the day’s worst loser, plunging by 6.40 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index – CSCX – lost 47.25 points to end at 8,960.37.
Losers beat gainers 146 to 76 with 37 issues remained unchanged on the port city bourse that traded 10.64 million shares and mutual fund units with a value of BDT 382 million.
BBN/BB/SK
