Bangladesh bourse dips Photo:BBN
Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to the red on Wednesday after two session’s marginal gain with key index of the major bourse dipping below 4,600-mark again as investors went for selling spree amid no improvement in the political front.
The market opened with a negative note which sustained throughout the session amid modest see-saw trend.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE) dipped below the 4,600-mark after six and a half months and ended at 4,585.72 points, shedding 63.57 points or 1.36 percent.
The two other indices also closed in red.
The DS30 index, comprising blue chips lost 13.36 points or 0.77 percent to close at 1,716.54 points.
The DSE Shariah Index (DSES) shed 9.76 points or 0.87 percent to close at 1,105.99 points.
However, turnover on the DSE crossing BDT 3.0-billion level and amounted to BDT 3.10 billion, registering an increase of 21.56 percent over the previous session’s value of BDT 2.55 billion.
The losers took a strong lead over the gainers as out of 308 issues traded, 234 declined and 43 advanced while 31 remained unchanged on the DSE floor.
Shasha Denims was the day’s top turnover chart with shares worth BDT 240.63 million changing hands followed by SPCL, IFAD Autos, Lafarge Surma Cement and ACI.
The port city bourse, Chittagong Stock Exchange (CSE), also closed in red with its Selective Categories Index – CSCX – lost 105.07 points to close at 8,509.09 points.
Losers beat gainers 174 to 30, with 30 issues remaining unchanged at the port city bourse that traded 7.58 million shares and mutual fund units, turnover value of BDT 282.88 million.
BBN/BB/AD-11Mar15-3:40pm (BST)