Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their losing streak for four straight days on Tuesday with turnover falling further as the investors remained in selling mood amid cautious stance.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), came down below the 4,900-mark and ended at 4,898.82 points, shedding 18.60 points or 0.37 percent.
The DS30, comprising blue chips dropped 15.04 points or 0.82 percent to close at 1,814.93 points.
The DSE Shariah Index lost 6.23 points or 0.53 percent to close at 1,150.34 points.
DSE turnover came down to BDT 6.27 billion, registering a decline of 9.26 percent over the previous day’s turnover of BDT 6.91 billion.
Losers outpaced gainers as out of 305 issues traded, 147 declined, 125 advanced and 33 remained unchanged on the DSE floor.
The new issue – Khan Brothers PP Woven Bag – was the most traded stock with shares worth BDT 588.97 million changing hands followed by Jamuna Oil, Western Marine Shipyard, SPCL and BEDL.
Khan Brothers PP Woven Bag was the day’s highest gainer, posting a rise of 666 percent while BDCOM Online was the day’s worst loser, slumping by 18.24 percent.
The port city bourse, Chittagong Stock Exchange (CSE), also dropped for the 4th day with its Selective Categories Index – CSCX – lost 46.81 points to close at 9,243.24 points.
Losers beat gainers 1140 to 64, with 20 issues remaining unchanged at the port city bourse that traded 12.50 million shares and mutual fund units, turnover value of BDT 512.73 million.
BBN/BB/ANS-18Nov14-3:30pm (BST)