Dhaka, Bangladesh (BBN)–Bangladesh’s stocks returned to the red on Wednesday, after four consecutive sessions of upward trend, as investors followed cautious stance ahead of national budget announced to be on June 4.
The market opened with a negative note and swung between positive and negative territory throughout the session, as investors played both sides of fence.
The prime index of the Dhaka Stock Exchange – DSEX – finished at 4,616.12 points, shedding 11.04 points or 0.24 percent.
DSE Shariah Compliance Index – DSES—lost 2.72 points or 0.24 percent to end at 1,110.72 points.
However, DS30 index, comprising blue chips, gained 11.37 points or 0.65 percent to close at 1,760.16 points.
Turnover remained vibrant at DSE and amounted to BDT 8.42 billion, which was 0.72 percent higher than the previous session’s BDT 8.36 billion.
The losers, however, took a strong lead over the gainers as out of 311 issues traded, 219 declined, 73 advanced and 19 remained unchanged on the DSE floor.
The port city bourse Chittagong Stock Exchange (CSE) also ended in the red with its Selective Categories Index – CSCX – lost 8.02 points to close at 8,704.70 points.
Losers beat gainers 171 to 57, with 19 issues remaining unchanged at the port city bourse that traded 20.42 million shares and mutual fund units, turnover value of BDT 742 million.