BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished lower for the four consecutive sessions on Tuesday as risk-averse investors continued their selling spree.
Meanwhile, trading on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) will remain closed tomorrow due to public holiday on the occasion of  Buddha Purnima.
Brokers said the market faced modest correction further as cautious investors remained on profit taking mood while some adopted ‘wait-and-see’ approach.
Following the previous day’s mild correction, the key index of the country’s prime bourse advanced 4.55 points while the Selective Category Index of port city bourse rose 5.33 points within first 15 minutes of trading at 10:45am.
After 30 minutes of trading, the DSEX stands at 5,533.62, advancing 4.11 points while the Selective Category Index of port city bourse gained 7.41points.
After 11:15am, it started to decline and at 12:00 noon, the DSEX fell 9.28 points while the Selective Category Index of port city bourse lost 14 points.
The downward trend continued till end of the session.
The benchmark index of the Dhaka Stock Exchange (DSE) finally finished at 5,511 points, shedding 18.45 points or 0.33 percent over the previous day.
The two other indices also closed lower.
The DS30, comprising blue chips, fell 9.42 points or 0.46 percent to settle at 2,026 points.
The DSE Shariah Index (DSES) lost 1.52 points or 0.12 percent to settle at 1274.43 points.
However, strong buy-sell helped the turnover rose to BDT 7.74 billion, which was 22 percent higher than the previous day’s BDT 6.32 billion.
Losers took a modest lead over the gainers, as prices of 174 securities declined, 114 advanced and 36 remained unchanged out of the 324 issues that were traded on the DSE floor.
Doreen Power Generations and Systems topped the turnover chart with shares worth BDT 510 million changing hands, followed by LankaBangla Finance, Bangladesh Finance and Investment, Brac Bank and Premier Leasing and Investment.
DBH First Mutual Fund was the day’s best performer, posting a gain of 7.59 percent, while Western Marine Shipyard was the worst loser, losing 6.25 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – losing 46 points to settle at 10,358 points.
Losers beat gainers as 123 issues closed lower, 87 closed higher and 32 remained unchanged on the CSE.
The port city bourse traded 15.66 million shares and mutual fund units’ worth over BDT 411 million in turnover.