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Dhaka, Bangladesh (BBN) - Bangladesh’s stocks extended the losing spell for the third consecutive sessions on Thursday as prolonged bearish vibe in the market kept the investors worried.
Brokers said gradual decline in turnover and stocks price indicates that most of the investors remained on the sidelines and observing the market movement carefully amid lack of market triggers.
Following the previous day’s correction, the key index of the country’s prime bourse advanced 7.30 points while the Selective Category Index of port city bourse rose 4.06 points within first 15 minutes of trading at 10:45am.
After 30 minutes of trading, the DSEX went down by 7.02 points and the Selective Category Index of the Chittagong Stock Exchange advanced 7.20 points at 11:00am.
DHAKA STOCK EXCHANGE:
DSEX fell sharply rest of the session and the prime index of Dhaka Stock Exchange (DSE), finished at 5,521.66, losing 33.43 points or 0.60 percent over the previous session.
The two other indices also closed lower.
The DS30 index, comprising the blue-chips, fell 4.73 points or 0.23 percent to finish at 2,050.43 points.
The DSE Shariah Index (DSES) lost 7.47 points or 0.58 percent to close at 1272 points.
Trading activities fell sharply to BDT 5.58 billion, which was more than 18 percent lower than the previous day’s BDT 6.84 billion.
The losers took a strong lead over the gainers as out of the 324 issues traded, 196 closed lower, 83 closed higher and 45 remained unchanged on the DSE trading floor.
Shahjibazar Power Company topped the DSE turnover for the second day in a row with about shares of Tk 248 million shares changing hands, followed by Regent Textile Mills, LankaBangla Finance, Islamic Finance and Saif Powertec.
Investment Corporation of Bangladesh (ICB) was the day’s highest gainer, posting a 7.52 per cent rise while First Security Islami Bank was the worst loser, plunging by 9.92 per cent following its price adjustment after record date.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also ended lower with its Selective Categories Index - CSCX – losing 76.46 points to settle at 10,361.
Losers beat gainers as 156 issues closed lower, 56 closed higher and 29 remained unchanged on the CSE trading floor.
The port city bourse traded 17.68 million shares and mutual fund units worth Tk 537 million in turnover.
BBN/SS/ANS