Dhaka, Bangladesh (BBN)-Bangladesh stocks returned to the red on Wednesday, snapping a two days gaining streak as investors went on late hour selling spree to book short-term profits.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country opened with a positive note, but could not sustain the positive momentum at the closing.
The key index of Dhaka Stock Exchange (DSE) shedded 17.76 points while the port city bourse Chittagong Stock Exchange (CSE) fell 29.79 points at the closing.
DHAKA STOCK EXCHANGE:
The benchmark index of the Dhaka Stock Exchange (DSE) went down by 17.76 points or 0.38 per cent to settle at 4,573.33 points, after four hours trading.
The DSE Shariah Index shed 2.34 points or 0.21 per cent to close at 1,108.86 points.
However, the DS30 index, comprising blue chips, advanced 0.94 points or 0.05 per cent to finish at 1,747.11 points.
DSE turnover came down to BDT 4.14 billion, which was 19 percent lower than the previous day’s BDT 5.09 billion.
The losers took a strong lead over the gainers as out of 324 issues traded, 213 closed lower, 76 higher and 35 remained unchanged on the DSE trading floor.
City Bank dominated the turnover chart with shares worth above BDT 319 million changing hands followed by Square Pharma, ACI, Olympic Industries and Beximco Pharma.
Apex Foods was the day’s best performer for the second running session, posting a rise of 9.95 per cent while Shympur Sugar Mills was the worst loser, slumping by 10 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also returned to the red with its Selective Categories Index, CSCX, losing 29.79 points to finish at 8,562.01.
Losers beat gainers as 157 issues closed lower, 58 higher and 33 remained unchanged on the CSE.
The port city bourse traded 11.75 million shares and mutual fund units worth above BDT 284 million in turnover.
BBN/SK/AD