Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the red on Wednesday shunning last two session’s gaining streak.
The market opened with negative mood and continued the sliding trend throughout the day’s session amid roller coaster ride, on the fourth day of the week.
Brokers said, investors lack of confidence to predict the future forced the market to tumble.
The key index of Dhaka Stock Exchange, the prime bourse of Bangladesh, plunged 9.98 points while the selective catagory index of Chittagong Stock Exchange, the port city bourse of the country, also slided 8.85 points at the closing of the day’s session.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), shedded 9.98 points or 0.21 per cent and closed the day at 4,647.68 points.
The DS30 index, comprising blue chips, also dipped 4.30 points or 0.24 per cent to finish at 1,762.55 points.
The DSE Shariah Index (DSES) too discarded 2.27 points or 0.20 per cent to end at 1,113.25 points.
Total turnover stood at BDT 3.561 billion on DSE floor.
The gainers took a lead over the losers as out of 315 issues traded; 151 advanced, 131 closed lower and 33 remained unchanged on the DSE trading floor.
Lafarge Surma Cement was the day’s top turnover leader with shares of BDT 226.90 million changing hands followed by Beximco Pharma, KDS Accessories Ltd, Shahjibazar Power Co Ltd and Aman Feed and Bengal Windsor Thermoplastics Ltd.
Earlier on Tuesday, DSEX gained 13.01 points to close at 4,657 points as investors went on last hour buying spree.
The port city bourse, Chittagong Stock Exchange (CSE), also saw plunging trend at closing with its Selective Categories Index – CSCX – dropping 8.85 points to end at 8,646.51.
Losers beat gainers 108 to 90 with 32 issues remained unchanged on the port city bourse that traded shares and mutual fund units worth of BDT 306.31 million.