Dhaka, Bangladesh (BBN)-Bangladesh’s stocks witnessed sharp fall on Tuesday, extending the losing spell for the fourth session in a row as worried investors continued on selling spree, fearing further fall.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, nosedived.
The benchmark index of the Dhaka Stock Exchange (DSE) plunged 39.69 points and the port city bourse, selective category index of Chittagong Stock Exchange (CSE) slumped 61.95 points at the closing.
The benchmark index of the Dhaka Stock Exchange (DSE) came down below the 4,300-mark and settled at nearly one year low to 4,281.93, plunging by 39.69 points or 0.92 per cent.
The two other indices also ended in the red zone. The DS30 index, comprising blue chips, fell 11.53 points or 0.69 per cent to finish at 1,647.00 points.
The DSE Shariah Index (DSES) also lost 8.87 points or 0.84 per cent to close at 1,044.75 points.
However, trading activities improved to BDT 3.43 billion, which was 3.62 per cent higher than the previous day’s BDT 3.31 billion.
The losers took a strong lead over the gainers as out of 317 issues traded, 191 closed lower, 78 higher and 48 remained unchanged on the DSE trading floor.
Bangladesh Steel Re-rolling Mills dominated the turnover chart with 2.90 million shares worth BDT 406 million changing hands, followed by United Power, MJL BD, Doreen Power and Keya Cosmetics.
Monno Stafflers was also the day’s best performer, posting a rise of 8.75 per cent, while Eastern Bank was the worst loser, slumping by 19.51 per cent following its price adjustment after record date.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower for the fourth day with its Selective Categories Index, CSCX, shedding 61.95 points to 8,015.29 points.
Losers beat gainers as 154 issues closed lower, 57 closed higher and 26 remained unchanged on the CSE.
The port city bourse traded 8.48 million shares and mutual fund units worth BDT over 221 million in turnover.