Dhaka, Bangladesh (BBN)– Bangladesh’s stocks extended losses for the third session in a row on Monday as most of the investors remained followed cautious approach.
After witnessing volatile trading, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), settled at 4,405.40, shedding 3.99 points or 0.09 percent.
The DS30 index, comprising blue chips, fell 0.88 point or 0.05 percent to end at 1,736.52. However, the DSE Shariah Index (DSES) advanced 1.70 points or 0.15 percent to finish at 1,085.18.
Turnover, an important indicator of the market, however, improved slightly and amounted to BDT 3.64 billion, which was 9.64 percent higher than the previous session’s BDT 3.32 billion.
The losers took a modest lead over the gainers as out of 316 issues traded, 146 closed lower, 108 higher and 62 remained unchanged on the DSE trading floor.
ACME Laboratories continued to dominate the turnover chart for the fifth trading sessions since its debut on Tuesday last, with shares worth BDT 370 million changing hands, followed by Bangladesh Steel Re-rolling Mills, Lafarge Surma Cement, Square Pharma and Orion Infusion.
Exim Bank First Mutual Fund was the day’s best performer, posting a rise of 9.80 percent, while Regent Textiles was the worst loser, plunging 5.71 percent.
The port city bourse Chittagong Stock Exchange (CSE) also ended marginally lower with its Selective Categories Index- CSCX- losing 17.55 points to end at 8,245.51 points.
Losers beat gainers 115 to 88, with 35 issues remaining unchanged on the port city bourse that traded 6.51 million shares and mutual fund units with a value of BDT 222 million.