Dhaka, Bangladesh (BBN)– Bangladesh’s stocks ended slightly lower on Wednesday for the second running session as a section of investors continued on profit booking mood.
The market opened with a downward note, losing around 21 points within first hour of trading, but rest of the session showed some buying spree, recovering most of the losses, eventually ended slightly lower.
At the end of the session, the benchmark index of the Dhaka Stock Exchange (DSE) settled at 4,554.55, shedding 2.38 points or 0.05 percent.
The DS30 index, comprising blue chips, also fell 1.56 points or 0.08 percent to settle at 1,779.75 points.
However, the DSE Shariah Index (DSES) saw a fractional gain of 0.82 point or 0.07 percent to end at 1,115.81 points.
Turnover, the important indicator of the market, also fell to BDT 3.45 billion on DSE, which was 14 percent lower than the previous day’s BDT 3.99 billion.
The losers took a modest lead over the gainers, as out of 325 issues traded, 145 closed lower, 112 closed higher and 68 remained unchanged on the DSE trading floor.
Bangladesh Steel Re-rolling Mills dominated the turnover chart with shares worth nearly BDT 206 million changing hands, followed by ACME Laboratories with BDT 142 million, Islami Bank BDT 132 million, MJL Bangladesh BDT 125 million and GP BDT 117 million.
Renwick Jajneswar was the day’s best performer for the second day, posting a gain of 8.74 percent, while newly listed Evince Textiles was the worst loser for the third running days, slumping by 7.25 percent.
The port city bourse Chittagong Stock Exchange (CSE) also ended marginally lower with its Selective Categories Index- CSCX – falling 7.91 points to finish at 8,516.32 points
Losers beat gainers 128 to 75, with 43 issues remaining unchanged on the port city bourse that traded 19.51 million shares and mutual fund units with a value of BDT 704 million.