BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the losing streak for the four consecutive sessions on Monday as risk-averse investors continued their selling binge on sector specific large-cap stocks.
Following the previous week’s correction, the key index of the country’s prime bourse advanced 6.59 points while the Selective Category Index of port city bourse gained 2.93 points at 10:45am.
However, after 30 minutes of trading, the prime index of the major bourse stands at 5,705, gaining 3.82 points while the Selective Category Index of port city bourse fell 5.24 points at 11:00am.
At 12:00 noon, the DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 37.46 points, but rest of the session recovered some loss points, finally ended 11 points lower.
The key index of DSE slipped 11.12 points while the Selective category index of port city bourse slipped 34.95 points at the closing.
At the end of the four-hour trading session, the benchmark index of the DSE came down below the 5700-mark after five session and settled at 5,689.67, shedding 11.12 points or 0.19 per cent over the previous day.
The two other indices also edged lower.
The DS30 index, comprising blue chips, fell 3.10 points or 0.15 per cent to finish at 2116.46 points.
The DSE Shariah Index (DSES) lost 2.31 points or 0.17 per cent to close at 1,301.94 points.
Trading activities continued to decline and total turnover amounted to BDT 7.22 billion, which was more than 7.0 percent lower than the previous day’s value of BDT 7.77 billion.
The losers took a strong lead over the gainers as out of 327 issues traded, 168 closed lower, 121 closed higher and 38 remained unchanged on the DSE trading floor.
LankaBangla Finance dominated the DSE turnover chart with 7.21 million shares of nearly BDT 453 million changing hands, followed by Ratanpur Steel Re-rolling Mills BDT 254 million, IDLC Finance BDT 250 million, Regent Textile Mills BDT 205 million and City Bank BDT 198 million.
Matin Spinning Mills was the day’s best performer, posting 9.65 percent gain, while United Airways was the worst loser, slumping by 5.97 per cent.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – losing 34.95 points to settle at 10,684 points.
Losers beat gainers as 133 issues closed lower, 90 closed higher and 30 remained unchanged on the CSE.
The port city bourse traded 18.93 million shares and mutual fund units’ worth BDT 545 million in turnover.