Dhaka, Bangladesh (BBN) – Stocks extended losing streak for the fourth day on Monday amid volatile trading with turnover decline further as investors remained cautious.
The market opened with a positive note, but could not sustain. The prime index of the Dhaka Stock Exchange (DSE) — DSEX — ended at 4,687.19 points, shedding 10.10 points or 0.21 percent from previous session.
The other two indices also closed negative. The DSE Shariah Index (DSES) went down slightly by 0.75 points or 0.07 percent to close at 1,001.51 points. The DS30, comprising blue chips lost 0.48 points or 0.02 percent to close at 1,702.25 points.
The total turnover on DSE came down to BDT 5.05 billion, registering 12 percent decline over the previous session’s value of BDT 5.74 billion.
The losers took a modest lead over the gainers as out of 296 issues traded, 171 declined, 104 advanced and 21 issues closed unchanged on the DSE floor.
The market capitalization of the DSE stood at BDT 2,908.54 billion against BDT 2,917.65 billion in the previous session.
Square Pharma dominated the top turnover chart with shares worth BDT 419.44 million changing hands followed by BSCCL, GP, Olympic and Jamuna Oil.
Rupali Life Insurance was also the day’s highest gainer; posting a rise of 8.45 per cent while LankaBangla Finance was the day’s worst losers, slumping by 9.30 per cent following its price adjustment after record date.
The port city bourse — the Chittagong Stock Exchange (CSE), closed flat in positive with its Selective Categories Index – CSCX gained 0.72 points to close at 9,192.32 points.
Losers beat gainers 135 to 64, with 31 issues remaining unchanged at the port city bourse that traded 8.38 million shares and mutual fund units, turnover value of BDT 451.70 million.
BBN/SSR/AD-03Mar14-11:30 pm (BST)
