Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended losing spell for the six running sessions on Wednesday with key index of the prime bourse dipping below 4,400-mark as investors went for late hours selling spree.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, closed the day with nosedive.
The key index of Dhaka Stock Exchange dipped 39.03 points while the selective categories index of Chittagong Stock Exchange plunged 58.15 points when the trading closed.
The prime index of the Dhaka Stock Exchange (DSE) dipped below and settled at 4,371.45, plunging 39.03 points or 0.88 percent after witnessing volatility throughout the session.
The DS30 index, comprising blue chips, shed 16.96 points or 1.0 percent to 1,664.51.
The DSE Shariah Index (DSES) lost 11.16 points or 1.04 percent to finish at 1,054.99.
DSE turnover also dropped to BDT 2.55 billion, which was 13 percent lower than the previous session’s BDT 2.94 billion.
The losers took a strong lead over the gainers as out of 314 traded issues, 185 closed lower, 95 higher and 34 remained unchanged on the DSE trading floor.
Titas Gas remained the top turnover chart for the third consecutive days with shares of nearly BDT 397 million changing hands followed by Saif Powertec, IFAD Autos, Beximco and Square Pharma.
Sonali Aansh was the day’s best performer, posting a rise of 10 percent while Standard Insurance was the day’s worst loser, plunging by 10 percent.
The port city bourse Chittagong Stock Exchange (CSE) ended lower with its Selective Categories Index – CSCX – shedding 58.15 points to end at 8,134.11.
Losers beat gainers 148 to 55, with 38 issues remaining unchanged on the port city bourse that traded 6.18 million shares and mutual fund units with a value of nearly BDT 226 million.