Dhaka, Bangladesh (BBN)-Bangladesh’s stock extended their losing streak for the five consecutive sessions on Wednesday as ongoing political unrest with no sign of improvement has dampened investors’ confidence severely.
The market opened with a downward note which sustained throughout the session amid modest see-saw as most investors were on selling mood, fearing further fall.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down further by 35.18 points or 0.78 percent to close at 4,442.81 points.
The two others indices also saw steep decline.
The DS30 index, comprising blue chips plunged 16.39 points or 0.96 percent to close at 1,675.11 points.
The DSE Shariah Index (DSES) shed 16.38 points or 1.50 percent to close at 1,074.60 points.
However, strong selling pressure helped turnover to cross BDT 3.0 billion-mark and amounted to BDT 3.13 billion, registering an increase of 8.30 percent over the previous session’s value of BDT 2.89 billion.
The losers took a strong lead over the gainers as out of 307 issues traded, 161 declined and 104 advanced while 42 remained unchanged on the DSE floor.
Lafarge Surma Cement was the day’s top turnover chart with shares worth BDT 375.88 million changing hands followed by GP, ACI, SPCL and IFAD Autos.
Delta Brac Housing was the day’s top gainer, posting a rise of 4.04 percent while Union Capital was the worst loser, plunging by 9.09 percent following its price adjustment after record date.
The port city bourse, Chittagong Stock Exchange (CSE), also saw steep decline with its Selective Categories Index – CSCX – lost 56.62 points to close at 8,255.22 points.
Losers beat gainers 147 to 55, with 21 issues remaining unchanged at the port city bourse that traded 6.08 million shares and mutual fund units, turnover value of BDT 222.10 million.
BBN/AS-18Mar15-3:40pm (BST)