Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the red Tuesday breaking a five-day gaining streak as risk-averse investors opted for quick-profit.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, experienced downward trend throughout the session.
The benchmark index of Dhaka Stock Exchange (DSE) lost 21.93 points while the port city bourse, selective category index of Chittagong Stock Exchange (CSE) dropped 38.06 points at the closing.
The benchmark index of Dhaka Stock Exchange (DSE) settled at 4,409.72 points, losing 21.93 points or 0.49 per cent, as the market fell throughout the session amid volatility.
The two other indices also ended in the red zone. The DS30 index, comprising blue chips, lost 7.85 points or 0.46 per cent to finish at 1,670.26 points.
The DSE Shariah Index (DSES) also fell 2.83 points or 0.26 per cent to close at 1,065.99 points.
Turnover activities also fell to BDT 3.18 billion, which was 35 percent lower than the previous day’s one month’s high turnover of BDT 4.90 billion.
The losers took a strong lead over the gainers as out of 318 issues traded, 190 closed lower, 78 higher and 50 remained unchanged on the DSE trading floor.
Delta Brac Housing Finance Corporation dominated the turnover chart with shares worth BDT 161 million changing hands, closely followed by BSRM, Summit Alliance Port, LankaBangla Finance and IBN Sina.
Summit Alliance Port was also the day’s best performer, posting a rise of 9.49 per cent, while Shasha Denim was the worst loser, slumping by 4.08 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also ended marginally lower after five days, with its Selective Categories Index, CSCX, falling 38.06 points to 8,253.64 points.
Losers beat gainers as 139 issues closed higher, 71 closed lower and 43 remained unchanged on the CSE.
The port city bourse traded 7.91 million shares and mutual fund units worth BDT over 212 million in turnover.