Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the red on Wednesday with sluggish turnover investors went on quick profit booking sale.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, experienced downward trend.
The key index of Dhaka Stock Exchange (DSE) plunged 40.20 points and the port city bourse Chittagong Stock Exchange (CSE) shedded 72.46 points.
The prime index of the Dhaka Stock Exchange (DSEX) plunged 40.20 points or 0.88 per cent to end at 4,511.31 points as the market went down throughout the session.
The DS30, including blue chips fell 14.67 points or 0.84 per cent to close at 1,713.87 points.
The DSE Shariah Index (DSES) shed 10.81 points or 0.98 per cent to finish at 1,085.02.
DSE turnover came down to BDT 2.90 billion, which was 9.38 per cent lower than the previous day’s BDT 3.20 billion.
The losers took a strong lead over the gainers as out of 321 traded issues, 208 closed lower, 70 higher and 43 remained unchanged on the DSE trading floor.
IFAD Autos topped the day’s turnover chart with shares of BDT 192 million changing hands followed by KDS Accessories, Quasem Drycells, C&A Textile and Bangladesh Submarine Cable Company.
ICB Third Mutual Fund was the day’s best performer, posting a rise of 8.11 per cent while Kay & Que was the day’s worst loser, slumping by 9.94 per cent.
The port city bourse Chittagong Stock Exchange (CSE) ended lower with its Selective Categories Index- CSCX- shedding 72.46 points to end at 8,395.70.
The losers beat gainers 163 to 35, with 30 issues remaining unchanged on the port city bourse that traded 6.22 million shares and mutual fund units with a value of BDT 185.48 million.