Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their losing spell for the two consecutive sessions on Tuesday, with key index of the prime burse dipping below the 4,600-level as investors remained on selling mood.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and the Chittagong Stock Exchange, the port city bourse of the country, started in positive territory for a brief period, gaining 16 points within first 20 minutes, but could not sustain the momentum as the session progressed.
Key index of Dhaka Stock Exchange shedded 14.56 points while the selective category index of Chittagong Stock Exchange dipped 21.56 points at the closing.
Eventually, the prime index of the Dhaka Stock Exchange (DSE) dipped below the 4,600-mark after five trading sessions and settled at 4,593.48, shedding 14.56 points or 0.32 per cent.
The DS30 index, comprising blue chips, lost 7.58 points or 0.43 per cent to finish at 1,749.24.
The DSE Shariah Index (DSES) shed 3.94 points or 0.35 per cent to end at 1,106.57.
DSE turnover came down to BDT 3.98 billion, which was 12.72 percent lower than the previous sessions’ BDT 4.56 billion.
The losers took a strong lead over the gainers as out of 318 issues traded, 152 closed lower, 119 higher and 47 remained unchanged on the DSE trading floor.
BSRM Steels dominated the turnover chart with shares of BDT 238 million changing hands followed by Delta Life Insurance, Quasem Drycells, Square Pharma and Bexico Pharma.
Keya Cosmetics was the day’s best performer, posting a rise of 9.21 per cent while United Airways was the day’s worst loser, plunging by 10.34 per cent following its price adjustment after record date.
The port city bourse Chittagong Stock Exchange (CSE) edged lower with its Selective Categories Index- CSCX- losing 21.56 point to close at 8,536.59.
Losers beat gainers 121 to 83, with 42 issues remaining unchanged on the port city bourse that traded 9.42 million shares and mutual fund units with a value of BDT 301.45 million.