Dhaka, Bangladesh (BBN)– Bangladesh’s stocks witnessed sharp decline Sunday with turnover hitting four months low on major bourse as investors went for selling spree.
The market opened with a negative mood which continued till the market closure. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 61.49 points of 1.25 percent to close at 4,838.11 points.
The other two indices also saw steep decline. The DS30, comprising blue chips lost 29.55 points or 1.62 percent to close at 1,785.13 points. The DSE Shariah Index shed 12.18 points or 1.06 percent to close at 1,133.63 points.
Turnover remained sluggish and dipped below BDT 4.0 billion and amounted to BDT 3.48 billion which was 29.39 percent lower over the previous session’s value. It was also four months lowest turnover since BDT 3.39 billion on July 24.
The losers took a strong lead over the gainers as out of 301 issues traded, 206 declined, 63 declined and 32 issues remained unchanged on the DSE floor.
Western Marine Shipyard was the most traded stock with shares worth BDT 196.04 million changing hands followed by Jamuna Oil, Khan Brothers PP Woven Bag, BEDL and Pharma Aids.
Sonali Ansh was the day’s highest gainer for the second day, posting a rise of 9.89 percent while Mithun Knitting was the day’s worst loser, slumping by 18.49 percent.
The port city bourse, Chittagong Stock Exchange (CSE) also witnessed sharp decline with its Selective Categories Index – CSCX – lost 118.97 points to close at 9,135.03 points.
Losers beat gainers 169 to 26, with 18 issues remaining unchanged at the port city bourse that traded 7.34 million shares and mutual fund units, turnover value of BDT 268.44 million.
BBN/SSR/AD-23Nov14-7:58 pm (BST)
