Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the red on Wednesday, after witnessing a biggest single-day gain in the previous session, as risk-averse 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 13.98 points while the port city bourse, selective category index of the Chittagong Stock Exchange (CSE) dipped 12.47 points at the closing.
The benchmark index of the Dhaka Stock Exchange (DSE), went down by 13.98 points or 0.33 per cent to finish at 4,258.20 points.
The DS30 index, comprising blue chips, fell 2.69 points or 0.16 per cent to finish at 1,641.82 points.
The DSE Shariah Index (DSES) shed 1.85 points or 0.18 per cent to close at 1,042.23 points.
Turnover value remained almost same from the previous session as total turnover stood at BDT 4.0 billion, which was BDT 4.06 billion the previous day.
The losers took a strong lead over the gainers as out of 318 issues traded, 198 closed lower, 94 higher and 26 remained unchanged on the DSE trading floor.
Bangladesh Steel Re-rolling Mills dominated the turnover chart for with 2.56 million shares worth above BDT 380 million changing hands, followed by Linde BD, BSRM Steels, MJL BD and Beximco Pharmaceuticals.
Pragati Life Insurance was the day’s best performer, posting a rise of 9.96 per cent, while Alltex Industries was the worst loser, plunging 9.43 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also returned to the red, with its Selective Categories Index, CSCX, falling 12.47 points to 7,969.36 points.
Losers beat gainers as 1139 issues closed lower, 69 closed higher and 27 remained unchanged on the CSE.
The port city bourse traded 11.16 million shares and mutual fund units worth BDT 252 million in turnover.