Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended losses for the third day in a row on Thursday as investors were active both sides of trading fence amid ongoing earnings declarations.
Following the previous day’s marginal correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced nearly 31 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 51 points at 10:45am.
After 30 minutes of trading, the DSEX advanced nearly 14 points while the CSE All Share Price Index (CASPI) of port city’s bourse rise 48 points at 11:00am.
After 90 minutes of trading, DSEX advanced 15 points while the CSE All Shares Price Index gained 39 points at 12:00 noon.
But rest of the session went down steadily.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 14.27 points or 0.26 percent to settle at 5,305 points.
The DS30 index, comprising blue chips, fell 4.58 points to finish at 1,890 points. The DSE Shariah Index also lost 4.28 points to close at 1,259 points.
Turnover, another important indicator of the market, also fell to BDT 8.56 billion on the Dhaka bourse which was BDT 9.54 billion.
Of the issues traded on the DSE trading floor, 170 closed lower, 117 higher and 48 issues remained unchanged.
Active Fine chemicals topped the DSE turnover chart with 7.85 million shares worth BDT 306 million changing hands.
The other turnover leaders were BBS cables, BD Thai Aluminum, dragon Sweater and Fortune Shoes.
The port city bourse CSE edged lower with its CSE All Share Price Index – CASPI – falling 31 points to settle at 16,367 and the Selective Categories Index – CSCX –losing 21 points to finish at 9,905.
The losers beat gainers as 111 issues closed lower, 108 ended higher, with 33 issues remained unchanged on the CSE.
The port city bourse traded 11.80 million shares and mutual fund units worth more than BDT 395 million in turnover.