Dhaka, Bangladesh (BBN) – Bangladesh’s stocks closed lower Sunday, extending the losing spell for the third consecutive session amid falling turnover as the investors followed cautious mood.
The key index of Dhaka Stock Exchange, the prime bourse of the country, plunged 30.72 points while the selective categories index of Chittagong Stock Exchange, the port city bourse of the country, closed lower shedding 64.05 points.
The benchmark index of the Dhaka Stock Exchange (DSE) went down by 30.72 points or 0.67 percent to settle at 4,536.84 points, despite the market was in a positive territory for a brief period at opening.
The DS30 index, comprising blue chips, fell 16.27 points or 0.93 percent to finish at 1,736.93 points.
The DSE Shariah Index shed 4.85 6.97 points or 0.62 percent to close at 1,108.25 points.
DSE turnover fell further and the total turnover amounted to BDT 4.24 billion on, which was 7.62 percent lower than the previous session’s BDT 4.59 billion.
The losers took a strong lead over the gainers as out of 322 issues traded, 198 closed lower, 83 higher and 41 remained unchanged on the DSE trading floor.
Bangladesh Steel Re-rolling Mills dominated the turnover chart with shares worth nearly BDT 265 million changing hands followed by LankaBangla Finance, Singer Bangladesh, ONE Bank and IFAD Autos.
BSRM was also the day’s best performer, posting a rise of 9.47 percent while Nitol Insurance was the worst loser, slumping by 6.88 percent.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index, CSCX, shedding 64.05 points to finish at 8,502.27 points.
Losers beat gainers as 141 issues closed lower, 63 lower and 33 remained unchanged on the CSE.
The port city bourse traded 9.98 million shares and mutual fund units worth above BDT 288 million in turnover.