Dhaka, Bangladesh (BBN)– Bangladesh’s stocks ended on Monday with a moderate loss and extended the losing streak for the second consecutive session.
The majority number of listed securities including the large cap ones closed in red on the Dhaka Stock Exchange (DSE) on the day while the price correction of large cap companies triggered the fall of the DSE broad index DSEX.
Of the large cap companies, Grameenphone, British American Tobacco Bangladesh Company (BATBC) and MJL Bangladesh declined by 1.07 per cent, 0.82 per cent and 1.01 per cent respectively.
The DSEX closed at 5165.76 points with a loss of 1.10 per cent or 57.96 points.
The shariah based index DSES declined 0.88 per cent or 10.67 points to close at 1193.05 points.
The DS30 index comprising blue chip securities went down by 1.19 per cent or 22.09 points to close at 1819.67 points.
Of 353 issues traded, 55 advanced, 276 declined and 22 were unchanged on the premier bourse DSE.
The turnover stood at above BDT 4.47 billion which was 4.64 per cent less than the turnover of the previous session.
Of the major sectors which witnessed corrections, bank declined 0.8 per cent, engineering 1.4 per cent, financial institutions 1.6 per cent, fuel & power 2.0 per cent, pharmaceuticals & chemicals 0.4 per cent, telecommunication 1.1 per cent and textile 2.1 per cent.
Only the IT and life insurance advanced by 1.3 per cent and 2.3 per cent respectively.
Investors’ participation was mostly concentrated on pharmaceuticals & chemicals which grabbed 22.10 per cent of the market turnover.
On the other hand, Chittagong Stock Exchange (CSE), the benchmark index CASPI declined 1.10 per cent or 176.32 points to close at 15801.46 points.
Of 247 issues traded, only 37 advanced, 184 declined and 26 were unchanged.
The turnover stood at above BDT 1.12 billion on the port city bourse CSE.