Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended losing streak for the fifth day on Monday as investors followed ‘wait-and-see’ strategy amid cautious stance.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSEX), went down below ‘psychological’ threshold of 4,400 points and ended at 4,376.77 points, shedding 34.38 points or 0.77 percent.
The DS30, comprising blue chips lost 8.70 points or 0.53 percent to close at 1,603.52 points.
The DSE Shariah Index (DSES) declined 5.77 points or 0.57 percent to close at 992.00 points.
DSE turnover stood at BDT 1.92 billion, registering a decline of 10.7 percent over the previous session’s value of BDT 2.15 billion.
It was also 6-week low turnover since BDT 1.82 billion on 25 May.
Out of 296 issues traded, 176 declined, 82 advanced and 38 remained unchanged on the DSE floor.
Beximco Limited was the most traded stocks with shares worth BDT 165.55 million changing hands followed by Appollo Ispat, Lafarge Surma Cement, BSC and GP.
IFIC Islamic Mutual Fund One was also the day’s highest gainer, posting a rise of 4.58 percent while Jute Spinners was the day’s worst loser, slumping by 8.14 percent.
The port city bourse, Chittagong Stock Exchange (CSE), closed lower with its Selective Categories Index – CSCX – lost 57.42 points to close at 8,345.74 points.
Losers beat gainers 136 to 38, with 28 issues remaining unchanged at the port city bourse that traded 6.38 million shares and mutual fund units, turnover value of BDT 194.82 million.
BBN/BB/ANS-07July14-2:40pm (BST)
