Stocks extend losing streak on selling spree

Stocks today extended the losing streak for the

fourth straight session as risk-averse investors opted for a quick profit on

major sector issues.

DSEX, the core index of the Dhaka Stock Exchange, slid 21.24 points or 0.31

per cent to settle at 6,641. DSEX lost over 120 points in the past four

consecutive sessions. Two other indices also ended lower with the DSE 30

Index, comprising blue chips, shedding 7.44 points to finish at 2,451 and the

DSE Shariah Index (DSES) lost 2.61 points to close at 1,453.

Turnover, the crucial indicator of the market, stood at Tk 5.15 billion,

which was 5.10 per cent higher than the previous day’s one-year lowest

turnover of Tk 4.90 billion.

Prices of more than 60 per cent of traded issues fell on the prime bourse, as

out of 381 issues traded, 230 declined, 99 advanced and 52 remained unchanged

on the DSE trading floor.

Beximco topped the turnover list with shares worth Tk 428 million changing

hands, followed by Sonali Papers & Board Mills (Tk 277 million),

LafargeHolcim Bangladesh (Tk 250 million), GBB Power (Tk 187 million) and

Bangladesh Building Systems (Tk 113 million).

The newly listed JMI Hospital Requisite Manufacturing continued to top the

gainer list for the sixth straight session, posting a 9.96 per cent gain,

while Uttara Bank was the day’s worst loser, losing 13.84 per cent.

The Chittagong Stock Exchange (CSE) also ended lower with the CSE All Share

Price Index – CASPI -losing 65 points to settle at 19,501 and the Selective

Categories Index – CSCX – shedding 38 points to close at 11,700.

Of the issues traded, 170 declined, 56 advanced and 39 issues remained

unchanged on the CSE.

The port-city bourse traded 7.20 million shares and mutual fund units with a

turnover value worth Tk 184 million.

Source: Bangladesh Sangbad Sangstha (BSS)