Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the losing streak for the 13 straight sessions on Sunday as investors mostly refrained from injecting fresh funds into the market.
Brokers said the ongoing pessimism coupled with disappointing earnings results kept investors mostly inactive, taking the market in the red zone further.
The trading started with a negative trend and the downward trend continued till end of the session with no sign of reversal.
Finally, DSEX ended more than 52 points lower while CSE All Share Price Index fell 162 points at closing.
DHAKA STOCK EXCHANGE:
DSEX, core index of Dhaka Stock Exchange (DSE), went down by 52.61 points or 0.96 percent to settle at 5,390 points.
DSEX lost about 423 points or 7.27 percent in the past 13 consecutive trading sessions.
The two other indices also ended lower. The DS30 index, comprising blue chips, fell more than 16 points or 0.80 percent to finish at 2,009.
The DSE Shariah Index lost 12 points or 0.96 percent to close at 1265.
The participation from the investors stayed shaky due to ongoing bearish trend of the market and the total turnover on the DSE amounting to BDT 3.95 billion, which was 20 per cent lower than the previous day’s BDT 4.93 billion.
Prices of 78 percent traded issues declined as out of 334 issues traded, 261 closed lower, 50 closed higher and 23 remained unchanged on the DSE trading floor.
Newly listed Intraco Refueling Station topped the DSE turnover chart with shares worth nearly BDT 133 million changing hands, closely followed by Bangladesh Steel Re-rolling Mills, Queen South Textile, Western Marine Shipyard and Legacy Footwear.
Advent Pharma was the day’s best performer, posting a gain of 9.97 percent while Bangladesh National Insurance Company was the day’s worst loser, shedding 8.75 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse CSE also closed lower with its CSE All Share Price Index – CAPSI – losing 162 points to settle at 16,642 and Selective Categories Index – CSCX – falling 96 points to finish at 10,062 points.
The losers beat the gainers as 151 issues closed lower, 43 higher and 23 remained unchanged on the CSE.
The port city bourse traded 5.41 million shares and mutual fund units worth more than BDT 168 million in turnover.