BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended lower on Wednesday with key index of the country’s premier bourse dipped below 5,800-mark as risk-averse investors booked quick-profit on large-cap issues.
Analysts said the market took a breath, after witnessing a persistent bullish spell, as the market saw a substantial gain in the past few trading days, which prompted many investors to book quick-profit.
Yesterday, Dhaka Stock Exchange (DSE) crossed BDT 13 billion-mark, for the first time in the last four-and-a-half months.
After the optimism, the Dhaka Stock Exchange and the Chittagong Stock Exchange (CSE) opened with a mixed trend.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell 5.22 points while the Selective Category Index of port city bourse advanced 4.06 points at 10:45am.
After 30 minutes of trading, DSEX fell 12 points while the Selective Category Index of port city bourse plunged 50 points at 11:00am.
After 90 minutes of trading, DSEX recovered the early losses and gained 7.62 points, while the Selective Category Index of port city bourse remained in the red with losing 11 points at 12noon.
And rest of the session fell steadily, finally closed nearly 40 points lower.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the DSE, came down below the 5,800-mark after two sessions and settled at 5,791, losing 40 points or 0.68 percent over the previous day.
The two other indices also faced correction. The DS30, comprising blue chips, fell 10.28 points or 0.48 percent to close at 2,116 points.
The DSE Shariah Index (DSES) lost 5.16 points or 0.39 percent to finish at 1,317 points.
Turnover, the important indicator of the market, came down to BDT 9.14 billion, which was 31 percent lower than the previous day’s five months highest turnover of BDT 13.21 billion.
The losers took a strong lead over the gainers as 330 issues traded, 232 closed lower, 65 closed higher and 33 remained unchanged on the DSE trading floor.
Keya Cosmetics emerged as turnover leader after one-session break, with about 40.62 million shares of BDT 748 million changing hands, followed by Generation Next Fashions BDT 379 million, IFAD Autos BDT 328 million, Fu-Wang Food BDT 233 million and Beximco BDT 226 million.
Generation Next Fashions was the day’s highest gainer, posting a 5.50 percent rise, while Progressive Life Insurance Company was the worst loser, plunging 7.48 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – shedding 101 points to settle at 10,852 points.
Losers beat gainers as 212 issues closed lower, 54 closed higher and 15 remained unchanged on the CSE.
The port city bourse traded 24.68 million shares and mutual fund units’ worth BDT 570 million in turnover.
BBN/SS/ANS