Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their losing streak for the fifth running sessions Thursday with sluggish activities as investors’ confidence remained shaky amid no improvement in the political front.
The market opened with a negative note which sustained throughout the session amid modest see-saw.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down further by 16.62 points or 0.35 percent to close at 4,664.91 points.
The DS30 index, comprising blue chips lost 6.78 points or 0.39 percent to close at 1,730.94 points.
However, the DSE Shariah Index (DSES) advanced 1.41 points or 0.12 percent to close at 1,112.51 points.
Turnover on DSE improved slightly, but remained below BDT 3.0-billion-mark and amounted to BDT 2.66 billion, which was 19.8 percent higher from BDT 2.22 billion in the previous session.
The losers took a modest lead over the gainers as out of 303 issues traded, 145 declined and 113 advanced while 45 remained unchanged on the DSE floor.
Shasha Denims, which made debut today (Thursday), was the most traded stock with shares worth BDT 358.62 million changing hands followed by SPCL, Lafarge Surma Cement, Summit Alliance Port and SIBL.
The port city bourse, Chittagong Stock Exchange (CSE) also closed in red with its Selective Categories Index- CSCX – lost 51.35 points to close at 8,671.64 points.
Losers beat gainers 133 to 67, with 28 issues remaining unchanged at the port city bourse that traded 8.44 million shares and mutual fund units, turnover value of BDT 311.89 million.
BBN/BB/AD-05Mar15-3:20pm (BST)