Stocks extend losing streak

Business

Business Desk: Dhaka, Apr-06,

Stocks today extended the losing streak as risk-averse investors opted for a quick profit on major sector issues.

DSEX, the key index of the DSE, went down by 31.81 points or 0.47 percent to settle at 6,662. DSEX lost over 109 points in the past three straight sessions.

Two other indices also ended lower with the DSE 30 Index, comprising blue chips, losing 5.58 points to finish at 2,459 and the DSE Shariah Index (DSES) fell 4.55 points to close at 1,456.

Turnover, the crucial indicator of the market, came down to Tk 4.90 billion, which was 15 percent lower than the previous day’s tally of Tk 5.75 billion.

Prices of more than 78 percent of traded issues fell on the prime bourse, as out of 375 issues traded, 293 declined, 44 advanced and 38 remained unchanged on the DSE trading floor.

LafargeHolcim Bangladesh topped the turnover list with shares worth Tk 406 million changing hands, closely followed by Beximco, Kattali Textile, Bangladesh Building Systems, and BBS Cables.

The newly listed JMI Hospital Requisite Manufacturing continued to top the gainer list for the fourth straight session, posting a 9.93 percent gain, while Midas Financing was the day’s worst loser, losing 2.0 percent.

The Chittagong Stock Exchange (CSE) also ended lower with the CSE All Share Price Index – CASPI -losing 79 points to settle at 19,567 and the Selective Categories Index – CSCX – shedding 47 points to close at 11,738.

Of the issues traded, 196 declined, 57 advanced and 20 issues remained unchanged on the CSE.

The port city bourse traded 6.20 million shares and mutual fund units with a turnover value worth Tk 225 million.

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