Dhaka, Bangladesh (BBN)-Bangladesh’s stocks saw sharp decline on Wednesday as investors went for panic sell-off amid no improvement in political turmoil.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), came down below the 4,800-mark once again and ended at 4,742.22 points, shedding 58.92 points or 1.22 percent.
The two other indices also saw steep decline.
The DS30 index, comprising blue chips lost 23.05 points or 1.28 percent to close at 1,770.02 points.
The DSE Shariah Index (DSES) plunged 13.38 points or 1.17 percent to close at 1,126.79 points.
Turnover on DSE, however, improved to BDT 3.42 billion, registering an increase of 10.68 percent over the over the previous session’s value of BDT 3.09 billion.
The losers took a strong lead over the gainers as out of 308 issues traded, 248 decline, 36 advanced and 24 remained unchanged on the DSE floor.
MJL BD was the most traded stock with shares worth BDT 185.46 million changing hands followed by Square Pharma, Lafarge Surma Cement, ACI and BSCCL.
National Tubes was the day’s top gainer, posting a rise of 5.04 percent while NCC Bank Mutual Fund One was the day’s worst loser, losing 6.25 percent.
The port city bourse, Chittagong Stock Exchange (CSE), also saw sharp decline with its Selective Categories Index – CSCX – lost 90.46 points to close at 8,818.01 points.
Losers beat gainers 186 to 35, with 24 issues remaining unchanged at the port city bourse that traded 7.45 million shares and mutual fund units, turnover value of BDT 267.54 million.
BBN/BB/AI-25Feb15-7:40pm (BST)