Dhaka, Bangladesh (BBN)-Bangladesh’s stocks witnessed a sharp decline on Wednesday, a day after upturn with turnover hitting fresh four months low as investors reluctant to make fresh exposure amid weak sentiment.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 47.83 points or 0.99 percent to end at 10-week low level at 4,756.61 points.
The other two indices also saw sharp decline.
The DS30, comprising blue chips lost 19.40 points or 1.09 percent to close at 1,752.08 points.
The DSE Shariah Index dropped 11.02 points or 0.98 percent to close at 1,108.702 points.
Turnover remained dry at DSE and amounted to BDT 3.12 billion, registering a decline of 10.08 per cent over the previous session’s BDT 3.47 billion.
The losers took a lead over the gainers as out of 304 issues traded, 168 declined, 101 advanced and 35 remained unchanged on the DSE floor.
Western Marine Shipyard was the most traded stock with shares worth BDT 123.41 million changing hands followed by Jamuna Oil, Lafarge Surma Cement, Meghna Cement and Keya Cosmetics.
Hakkani Pulp & Paper was the day’s highest gainer, posting a rise of 5.67 percent while Kohinoor Chemical was the day’s worst loser, slumping by 24.45 percent following its price adjustment after record date.
The port city bourse, Chittagong Stock Exchange (CSE), also ended lower with its Selective Categories Index – CSCX – 87.60 points to close at 8,948.75 points.
Losers beat gainers 152 to 44, with 22 issues remaining unchanged at the port city bourse that traded 8.16 million shares and mutual fund units, turnover value of BDT 249.09 million.
BBN/BB/AS-26Nov14-3:30pm (BST)