Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished lower on Wednesday, after remaining flat in the past two days, as the pessimistic investors continued on profit booking mood on sector specific stocks.
The market started with a negative note which sustained till end of the session despite tried to recover in the mid-session, ultimately ended nearly 20 points loss.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,671.26, shedding 19.81 points or 0.42 percent over the previous session.
The two other indices also closed lower. The DS30 comprising blue chips fell 7.30 points or 0.41 percent to settle at 1,756.48 points.
The DSE Shariah Index (DSES) lost 5.39 points or 0.48 percent to close at 1,120.85 points.
Turnover, the important indicator of the market, came down to BDT 5.55 billion, which was 14 percent lower than the previous day’s turnover of BDT 6.44 billion.
The losers took a strong lead over the gainers as out of 322 issues traded, 191 closed lower, 87 closed higher and 44 remained unchanged on the DSE trading floor.
Square Pharmaceuticals dominated the DSE turnover chart with shares worth nearly BDT 247 million changing hands, closely followed by Orion Infusion BDT 234 million, Confidence Cement BDT 188 million, Shasha Denim BDT 180 million and Bangladesh Steel Re-rolling Mills BDT 153 million.
Kohinoor Chemicals was the day’s best performer, posting a 7.70 percent, while Active Fine Chemicals was the worst loser, slumping by 22.48 percent following its price adjustment after record date.
The port city bourse, the Chittagong Stock Exchange (CSE) also finished marginally lower with its Selective Categories Index- CSCX –falling 23.83 points to settle at 8,741.69 points.
Losers beat gainers as 142 issues closed lower, 64 closed higher and 31 remained unchanged on the CSE.
The port city bourse traded 11.18 million shares and mutual fund units’ worth over BDT 412 million in turnover.