Major stock indices slide as investors change stance
The major indices at the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) declined on Wednesday as the investors frequently change their stance triggering volatile trading, amid the silver jubilee celebration of Bangladesh Securities and Exchange.
Prime Minister Sheikh Hasina inaugurated the week-long celebration at a colourful ceremony at the Bangabandhu International Conference Centre on the day.
DSEX, the prime index of the the DSE slid 14.12 points to settle at 5,529 and the DS30 index, comprising blue chips, fell 6.43 points to finish at 1,932. But the DSE Shariah Index advanced 4.32 points to close at 1,275.
Turnover however, rose to Tk 8.61 billion, which was 20 per cent higher than the previous session's Tk 7.14 billion. Of the 333 issues traded, 185 declined, 108 advanced and 40 issues remained unchanged on the DSE trading floor.
A total number of 158,605 trades were executed in the day's trading session with trading volume of 188.52 million securities. The market capitalisation of the DSE came down to Tk 3,948 billion on the day which was Tk 3,953 billion in the previous session.
Khulna Power Company topped the turnover chart for the second straight day with 6.99 million shares worth Tk 812 million changing hands.
The other turnover leaders were Active Fine Chemicals, BBS Cables, United Power and Nahee Aluminum Composite Panel.
Intech Limited was the best performer, posting a gain of 10 per cent while National Housing Finance was the worst loser, losing 8.45 per cent.
The CSE also edged lower with its CSE All Share Price Index - CASPI - losing 35 points to settle at 17,059 and the Selective Categories Index - CSCX -shedding 22 points to finish at 10,338.
The losers beat gainers as 134 issues closed lower, 91 ended higher and 20 issues remained unchanged on the CSE.
The port city's bourse traded 10.81 million shares and mutual fund units worth Tk 424 million in turnover.