Dhaka, Bangladesh (BBN)– Bangladesh’s stocks extended the losing spell for the two consecutive sessions on Tuesday as risk-averse investors continued their profit booking sell-offs on major sector shares.
DSEX, the prime index of the Dhaka Stock Exchange, went down by 1.35 per cent or 64.93 points to settle at 4,720, after witnessing volatility throughout the session.
DSEX eroded 139 points in the past two straight sessions after adding 326 points in the earlier three consecutive sessions.
Two other indices also ended lower. The DS30 index, comprising blue chips, lost 9.08 points to finish at 1,608 and the DSE Shariah Index shed 15.63 points to close at 1,080.
Turnover, a crucial indicator of the market, stood at BDT 10.52 billion on the country’s premier bourse, falling by 25.28 per cent over previous day’s mark of BDT 14.08 billion.
The market turnover has been staying above BDT 10 billion-mark in the last seven consecutive sessions as a section of investors remained active on the market riding on new hopes.
The market-cap on the premier bourse also fell to BDT 3,557 billion on Tuesday, from BDT 3,595 billion in the previous session.
On the other hand, the Chittagong Stock Exchange ended lower with its All Shares Price Index (CASPI)—losing 179 points to close at 13,491 and the Selective Categories Index – CSCX –falling 94 points to finish at 8,140.
Of the issues traded, 68 gained, 187 declined and 27 remained unchanged on the CSE.
The port city bourse traded 16.75 million shares and mutual fund units with turnover value of BDT 285 million.