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Stocks ended marginally lower Wednesday, extending the losing spell for the three consecutive sessions as investors kept their cautiousness intact.
After observing the previous two days’ steep decline, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on a positive note.
After witnessing volatility almost throughout the session, DSE key index fell 2.92 points while CSE All Share Price Index lost 4.88 points at the end of the day.
DSEX, the benchmark index of the DSE, went down by 2.92 points or 0.05 per cent to settle at more than nine months low at 5,489. It was also the lowest level of DSEX since June 19, 2017.
The two other indices of the premier bourse also ended in the red. The DS30 index, comprising blue chips, fell 1.40 points to finish at 2,055 and DSES (Shariah) index lost 6.0 points to settle at 1,297.
Bearish sentiment also reflected on the trading activities as the total turnover on the major bourse amounting to Tk 2.77 billion, which was 11 per cent lower than the previous day’s turnover of Tk 3.11 billion.
The losers took a modest lead over the gainers as out of 337 issues traded, 160 closed lower, 117 ended higher and 60 issues remained unchanged on the DSE trading floor.
Renata, Pharmaceuticals Company, topped the day’s turnover chart with shares worth nearly Tk 172 changing hands, closely followed by Square Pharmaceuticals, BRAC Bank, Grameenphone and Salvo Chemical Industries.
FAS Finance & Investment was also the day’s highest gainer, posting a gain of 9.48 per cent following its 10 per cent stock dividend declaration news while BD Finance was the day’s worst loser, losing 7.42 per cent.
Port city bourse—CSE—also ended slightly lower with the CSE All Share Price Index – CASPI –shedding 4.88 points to settle at 16,941 points and Selective Categories Index - CSCX –losing 2.06 points to finish at 10,236 points.
Here too, the losers beat the gainers as 104 issues closed lower, 82 ended higher and 34 remained unchanged on the CSE.
The port city bourse traded 4.69 million shares and mutual fund units worth more than Tk 104 million in turnover.