BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the losing streak for the third straight session on Sunday as risk-averse investors continued their profit booking sell-off on sector specific stocks.
Brokers said the market witnessed another downbeat session as risk-averse investors continued preferred to book quick-gain on their investment over the recent price surge while some were observing the market movement.
The market was in a positive territory for a while at opening, but rest of the session fell steadily, finally ended more than 20 points lower.
DSEX, the prime index of the Dhaka Stock Exchange (DSE) finished at 5,455, losing 20.57 points or 0.37 percent over the previous day.
The two other indices also finished marginally lower. The DS30 index, comprising blue chips fell 4.74 points or 0.23 percent to finish at 2032 points.
The DSE Shariah Index (DSES) lost 4.35 points or 0.34 percent to close at 1,264 points.
Turnover, another important indicator of the market, also came down to BDT 4.69 billion, which was 9.28 percent lower over the previous day’s BDT 5.17 billion.
Losers took a strong lead over the gainers, as prices of 193 securities declined, 87 advanced and 51 remained unchanged out of the 331 issues that were traded on the DSE floor.
Paramount Textile topped the DSE turnover chart with about 7.09 million shares worth BDT 254 million changing hands, followed by Beximco Pharma BDT 203 million, City Bank BDT 143 million, Square Pharma BDT 131 million and MJL Bangladesh BDT 117 million.
Shepherd Industries was the day’s highest gainer, posting 3.28 percent gain, while Savar Refactories was the worst loser, losing 8.46 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed marginally lower with its Selective Categories Index – CSCX – losing 34.41 points to settle at 10,246.
Losers beat gainers as 140 issues closed lower, 50 closed higher and 39 remained unchanged on the CSE.
The port city bourse traded 8.35 million shares and mutual fund units’ worth BDT 242 million in turnover.