BBN file photo

Dhaka, Bangladesh (BBN)– Bangladesh’s stocks loss for the two consecutive sessions on Wednesday as cautious investors continued their profit booking sell-offs on sector-wise issues.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 13.50 points or 0.30 percent to settle at 4,465.

Brokers said risk-averse investors continued their selling binge on selective large-cap issues like GP, LafargeHolcim, BATBC, ICB and United Power.

Two other indices also ended lower. The DS30 index, comprising blue chips, lost 7.07 points to finish at 1,519 and the DSE Shariah Index fell 2.01 points to close at 1,029.

Turnover, a crucial indicator of the market, also fell and amounted to BDT 4.21 billion, which was 7.06 percent lower than the previous day’s turnover of BDT 4.53 billion.

Losers took a modest lead over the gainers as out of 355 issues traded, 183 closed lower, 104 ended higher and 69 remained unchanged on the DSE trading floor.

LafargeHolcim continued to top the turnover chart with shares worth Tk 268 million changing hands, followed by Golden Harvest Agro Industries, BBS Cables, Bangladesh Shipping Corporation and ADN Telecom.

Apex Spinning was the day’s best performer, posting a gain of 9.94 per cent while BIFC was the worst loser, losing 8.33 per cent.

The port city’s bourse, the Chittagong Stock Exchange, also ended lower with its All Shares Price Index (CASPI)—shedding 63 points to close at 13,579 and the Selective Categories Index – CSCX –losing 37 points to finish at 8,231.

Here too, the losers beat gainers, as 135 issues closed lower, 65 ended higher and 35 remained unchanged on the CSE.

The port city bourse traded 6.53 million shares and mutual fund units worth BDT 142 million in turnover.