Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended lower for the third straight sessions on Sunday investors remained on selling frenzy.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, nosedived.
The prime index of the Dhaka Stock Exchange (DSE) plunged 59.01 points and the port city bourse Chittagong Stock Exchange (CSE) slumped 92.80 points.
The prime index of the Dhaka Stock Exchange (DSE) went down by 59.01 points or 1.31 per cent to end at 4,443.14 points and the market declined steadily throughout the session.
The DS30 index, comprising blue chips, fell 21.84 points or 1.27 per cent to end at 1,689.51.
The DSE Shariah Index (DSES) plunged 12.69 points or 1.17 per cent to finish at 1,071.77.
DSE turnover dropped to BDT 3.14 billion, which was 6.26 percent lower than the previous session’s BDT 3.35 billion.
The losers took a strong lead over the gainers as out of 313 traded issues, 226 closed lower, 64 higher and 23 remained unchanged on the DSE trading floor.
IFAD Autos dominated the day’s turnover chart with shares of BDT 251 million changing hands followed by KDS Accessories, Saif Powertec, Quasem Drycells and BSRM.
IFIC First Mutual First Fund was the day’s best performer, posting a rise of 6.81 per cent while Tallu Spinning was the day’s worst loser, plunging by 9.69 per cent.
The port city bourse Chittagong Stock Exchange (CSE) ended lower with its Selective Categories Index- CSCX- slumping 92.80 points to end at 8,275.05.
Losers beat gain gainers 162 to 51, with 20 issues remaining unchanged on the port city bourse that traded 7.27 million shares and mutual fund units with a value of Tk 211.49 million.