BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended their losing spell for the five consecutive sessions on Tuesday as risk-averse investors continued their profit booking selling.
Following the previous day’s correction, the key index of the country’s prime bourse advanced 26.84 points while the Selective Category Index of port city bourse rose 44 points within first 15 minutes of trading at 10:45am.
After 30 minutes of trading, the DSEX advanced 32 points at 11:00am. After that it started to decline and eroded all of the initial gains and closed the session 6.21 points lower.
The key Index of DSE shaded 6.21 points while the Selective Category Index of port city bourse lost 17.60 points at the closing.
The prime index of the Dhaka Stock Exchange (DSE) finished at 5,683 points, shedding 6.21 points or 0.10 per cent over the previous day.
The two other indices also ended in the red.
The DS30 index, comprising blue chips, fell 8.76 points or 0.41 per cent to finish at 2107.69.
The DSE Shariah Index (DSES) lost 1.54 points or 0.12 per cent to close at 1,300.40.
Turnover, the another important indicator for the market, stood at BDT 7.82 billion, which was 8.31 per cent higher than the previous day’s two months’ lowest turnover of BDT 7.22 billion.
The gainers, however, took a modest lead over the lowers as out of 325 issues traded, 142 closed higher, 138 closed lower and 45 remained unchanged on the DSE trading floor.
LankaBangla Finance dominated the DSE turnover chart for the second straight day with 6.88 million shares of nearly Tk 446 million changing hands, followed by Brac Bank, IDLC Finance, City Bank and Evince Textile.
Fareast Finance and Investment was the day’s best performer, posting 12.61 per cent rise, while Brac Bank was the worst loser, slumping by 18.93 per cent following its price adjustment after record date.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed lower with its Selective Categories Index – CSCX – losing 17.60 points to settle at 10,667.
Gainers beat losers as 114 issues closed higher, 89 closed lower and 37 remained unchanged on the CSE.
The port city bourse traded 16.70 million shares and mutual fund units’ worth BDT 447 million in turnover.