Investors are in despair as Bangladesh's stocks nosedive. BBN file photo
Dhaka, Bangladesh (BBN) - Bangladesh’s stocks extended losing streak for the two consecutive sessions on Monday as risk-averse investors continued to opt for booking profit on sector-wise stocks.
Analysts said the cautious investors continued to book profit on sector specific issues, especially heavyweight banking sector, taking the market in the red zone for second day.
The first half of the trading session witnessed volatility while the later half went down steadily, finally the key index of the Dhaka Stock Exchange ended more than 33 points lower.
On the other hand, the All Shares Price Index (CAPSI) of port city bourse shedded more than 87 points.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 6,262, after losing 33.43 points or 0.53 percent over the previous day.
The DS30 index comprising blue chips also fell 7.67 points or 0.33 percent to close at 2,266.
However, the Shariah Index (DSES) gained 4.70 points or 0.34 percent to finish at 1,387.
Turnover, the crucial indicator of the market, however, rose and total turnover on the major bourse amounted to BDT 6.87 billion, which was nearly 20 percent higher than the previous day’s one month lowest turnover of BDT 5.74 billion.
The losers took a strong lead over the gainers as out of 331 issues traded, 184 closed lower, 110 closed higher and 37 remained unchanged on the DSE trading floor.
Grameenphone (GP) topped the turnover chart with 696,520 shares of nearly Tk 335 million changing hands, followed by Square Pharmaceuticals, Brac Bank, Golden Harvest Agro Industries and United Power.
Bengal Windsor was the day’s best performer, posting a gain of 6.73 per cent while Shahjibazar Power Company was the day’s worst loser, plunging by 13.13 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also ended lower with CSE All Shares Price Index (CAPSI) of port city bourse – CAPSI – shedding more than 87 points to close at 19,397.
The Selective Categories Index of the CSE also fell more than 52 points to finish at 11,736.
Losers beat gainers as 123 issues closed lower, 83 closed higher and 37 remained unchanged on the CSE.
The port city bourse traded 10.64 million shares and mutual fund units worth more than BDT 319 million in turnover.
BBN/SS/AD