Dhaka, Bangladesh (BBN)-Bangladesh stocks extended losses for the four consecutive sessions on Monday as the cautious investors remained on profit profit booking mood.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country opened with a positive note, but could not sustain the positive momentum at the closing.
The benchmark index of Dhaka Stock Exchange (DSE) shedded 24.88 points while the port city bourse, selective category index of the Chittagong Stock Exchange (CSE) fell 44.86.
The benchmark index of the Dhaka Stock Exchange (DSE) settled at 4,511.97 points, losing 24.88 points or 55 per cent despite the market opened with a positive note.
The DS30 index, comprising blue chips, fell 14.08 points or 0.81 per cent to finish at 1,722.85 points.
The DSE Shariah Index shed 8.47 points or 0.76 per cent to close at 1,099.78 points.
DSE turnover improved to BDT 4.63 billion, which was 9.20 percent higher than the previous session’s BDT 4.24 billion.
The losers took a strong lead over the gainers as out of 318 issues traded, 173 closed lower, 97 higher and 48 remained unchanged on the DSE trading floor.
LankaBangla Finance dominated the turnover chart with shares worth nearly BDT 381 million changing hands followed by Orion Pharma, IFAD Autos, Singer BD and BSRM Limited.
Orion Pharmaceuticals was also the day’s best performer, posting a rise of 9.78 per cent while Dhaka Bank was the worst loser, slumping by 7.56 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index, CSCX, shedding 44.86 points to finish at 8,458.93 points.
Losers beat gainers as 152 issues closed lower, 61 closed higher and 27 remained unchanged on the CSE.
The port city bourse traded 14.69 million shares and mutual fund units worth above BDT 510 in turnover.