Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to the red on Wednesday, after remaining upbeat in the previous day, as risk-averse investors went on late hours selling spree.

Both bourses – the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) closed in the red amid profit booking by the risk-averse investors.

The market started with a positive note, the key index of the DSE gaining around 28 points within first 40 minutes of the day’s trading, but rest of the session fell steadily, eventually ended marginally lower.

At the end of the session, the key index of the DSE fell 9.34 points, while the Selective Category Index of port city bourse lost 12.86 points.

DHAKA STOCK EXCHANGE:

DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,702.51 points, falling 9.32 points or 0.19 percent over the previous session.

The two other indices also closed in the red. The DS30 comprising blue chips fell 4.60 points or 0.26 percent to settle at 1,750.55 points.

The DSE Shariah Index (DSES) lost 3.35 points or 0.29 percent to close at 1,114.44 points.

Turnover, the important indicator of the market, also fell to BDT 5.60 billion, which was 2.10 percent lower than the previous session’s turnover of BDT 5.72 billion.

The losers took a strong lead over the gainers as out of 323 issues traded, 185 closed lower, 93 closed higher and 45 remained unchanged on the DSE trading floor.

National Bank dominated the DSE turnover chart with some 35.78 million shares worth nearly BDT 361 million changing hands, followed by Doreen Power BDT 208 million, GP BDT 145 million, Active Fine Chemical BDT 128 million and Summit Power BDT 126 million.

Standard Insurance was the day’s best performer, posting a 9.94 percent gain, while Rahim Textile was the worst loser, slumping by 7.79 percent.

Chittagong Stock Exchange:

The port city bourse, the Chittagong Stock Exchange (CSE) also closed marginally lower after previous day’s upbeat note with its Selective Categories Index- CSCX –shedding 12.86 points to settle at 8,792.73 points.

Losers beat gainers as 145 issues closed lower, 87 closed lower and 27 remained unchanged on the CSE.

The port city bourse traded 14.18 million shares and mutual fund units’ worth over BDT 312 million in turnover.

BBN/AD/SR