Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished lower for the two consecutive sessions on Wednesday as some investors continued to book profit on sectors-wise stocks.
Following the previous day’s marginal correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw upward trend in early trading amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 16 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 33 points at 10:45am.
After 30 minutes of trading, the DSEX gained more than 15 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 26 points at 11:00am.
After 90 minutes of trading, DSEX advanced more than 12 points while the CSE All Shares Price Index gained 14 points at 12noon.
However, rest of the session went through volatility, finally ended more than 26 points lower.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,833, shedding 26.34 points or 0.45 percent over the previous session.
Two other indices also closed in the red. The DS30 index, comprising blue chips, fell 4.78 points or 0.21 percent to finish at 2,191.
The DSE Shariah Index (DSES) lost 3.12 points or 0.23 percent to close at 1,357.
The trading activities also fell sharply by 25 percent and the total turnover on the DSE amounting to BDT 5.29 billion, which was BDT 7.10 in the previous day.
The losers took a strong lead over the gainers as out of 336 issues traded, 192 closed lower, 115 ended higher and 29 issues remained unchanged on the DSE trading floor.
Beximco continued to dominate the turnover chart with 17.01 million shares worth BDT 529 million changing hands, followed by Keya Cosmetics, Northern Jute Manufacturing Company, Monno Ceramic Industries and IFAD Autos.
Popular Life Insurance was the day’s best performer, posting a gain of 9.75 percent while Anlimayarn Dyeing was the day’s worst loser, shedding 4.25 percent.
CHITTAGONG STOCK EXCHANGE:
Port city bourse CSE also closed lower with the CSE All Share Price Index – CASPI – losing more than 80 points to settle at 18,011 and Selective Categories Index – CSCX –shedding 48 points to finish at 10,884 points.
The losers beat the gainers as 143 issues closed lower, 61 ended higher and 23 remained unchanged on the CSE.
The port city bourse traded 9.98 million shares and mutual fund units worth more than BDT 263 million in turnover.