Staff Correspondent
Dhaka stocks finished lower on Wednesday as investors, downcast by the recent dullness at the market, scurried to sell off their holdings, market operators said.
The general index of Dhaka Stock Exchange lost 13.62 points, or 0.50 per cent, to close at 2712.66, while its blue chips index, DSE20, shed 4.20 points, or 0.19 per cent, to finish at 2218.41.
A DSE stockbroker said the market witnessed a selling pressure from investors, especially from retailers. The downtrend at the market for since the last week has dampened the investors’ mood, he said.
Before the recent bear run, the market had been in a bull run for a couple of weeks thanks to an increased participation of investors after a two-and-a-half-month lull.
Of the total 248 issues traded on Wednesday, 101 advanced, 131 declined, and 16 remained unchanged.
Turnover at the DSE dropped to Tk 322.46 crore from the Tuesday’s Tk 392.66 crore.
Titas Gas topped the turnover leaders with a total transaction of Tk 46.41 crore.
Shinepukur Ceramics, Beximco, Beximco Pharmaceuticals, Summit Power, Grameen Two Mutual Fund, Aims 1st Mutual Fund, ICB 2nd NRB Mutual Fund, ACI Formulations, and Grameen One Mutual Fund were the rest of the top 10 turnover leaders of the day.
Chittagong stocks also dropped Wednesday.
The selective categories index of Chittagong Stock Exchange lost 35.72 points, or 0.65 per cent, to close at 5464.48, while its blue chips index, CSE30, shed 38.63 points, or 0.54 per cent, to finish at 7144.74.
Of the total 144 issues traded on the CSE floor, 49 posted gains, 89 dropped, and six remained unchanged.
Turnover at the CSE decreased to Tk 46.12 crore from the Tuesday’s Tk 52.62 crore.
Courtesy: newagebd.com
