BBN file photo

Dhaka, Bangladesh (BBN)– Bangladesh’s stocks extended their losing streak for the third straight session on Wednesday as investors fearing further economic contraction due to ongoing coronavirus crisis.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 6.17 points or 0.15 per cent to close at 3,963. DSEX eroded 97 points in the past three consecutive sessions after adding 52 points in the opening session on March 31.

The presence of investors is still thin in the trading floor as many investors are yet to back in Dhaka after 66-day general holiday.

Of the issues traded, 252 remained unchanged while only 16 issues advanced and 43 declined on the DSE trading floor.

Two other indices also ended lower. The DS30 index, comprising blue chips, shed 1.99 points to finish at 1,328 and the DSE Shariah Index lost 1.20 points to close at 918.

Turnover, a crucial indicator of the market, stood at BDT 1.52 billion on the country’s premier bourse, falling further by 2.0 per cent over the last session’s mark of BDT 1.55 billion.

On the other hand, the Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI)—losing 29 points to close at 11,231 and the Selective Categories Index – CSCX –shedding 19 points to finish at 6,804.

Of the issues traded, 14 gained, 32 declined and 81 remained unchanged on the CSE.

The port city bourse traded 1.83 million shares and mutual fund units worth BDT 36 million in turnover.