Dhaka, Bangladesh (BBN)-Bangladesh’s stocks slipped into the red on Wednesday after remaining upbeat in the previous session as cautious investors booked quick profits.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh and Chittagong Stock Exchange, the port city bourse of the country opened with a positive mood and slipped at the end of the session.
The benchmark index of Dhaka Stock Exchange (DSE) plunged 18.81 points while the port city bourse, selective category index of the Chittagong Stock Exchange (CSE) dipped 42.65 points at the closing.
DHAKA STOCK EXCHANGE:
The benchmark index of the Dhaka Stock Exchange (DSE) settled at 4,579.52 points, shedding 18.81 points or 0.40 per cent despite opened with a higher note.
The DS30 index, comprising blue chips, fell sharply by 19.46 points or 1.09 per cent to finish at 1,757.75 points.
The DSE Shariah Index dropped 8.96 points or 0.79 per cent to close at 1,120.08 points.
DSE turnover came down to BDT 4.85 billion, which was 17.7 per cent lower than the previous day’s BDT 5.71 billion.
The losers took a modest lead over the gainers as out of 322 issues traded, 160 closed lower, 110 higher and 52 remained unchanged on the DSE trading floor.
Bangladesh Steel Re-rolling Mills dominated the turnover chart with shares worth BDT 280 million changing hands followed by LankaBangla Finance, United Commercial Bank, Lafarge Surma Cement and IFAD Autos.
Dacca Dyeing was the day’s best performer, posting a rise of 10 percent while Sinobangla Industries was the worst loser, slumping by 6.53 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index, CSCX, shedding 42.65 points to finish at 8,608.99.
Losers beat gainers as 136 issues closed lower, 84 lower and 21 remained unchanged on the CSE.
The port city bourse traded 14.36 million shares and mutual fund units worth above BDT 528 million in turnover.