Dhaka, Bangladesh (BBN)-Bangladesh’s stocks edged lower on Monday, extending their losing streak for the six straight sessions as cautious investors remained on selling spree.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, showed downward trend.
Key index of Dhaka Stock Exchange shedded 8.82 points while the selective category index of Chittagong Stock Exchange lost 31.64 points at the closing.
DHAKA STOCK EXCHANGE:
The prime index of the Dhaka Stock Exchange (DSE) slipped another 8.82 points or 0.19 per cent to end at 4,533.91, after witnessing volatility almost throughout the trading session.
The DS30 index, comprising blue chips, fell 1.50 points or 0.08 per cent to finish at 1,724.74.
The DSE Shariah Index (DSES) shed 1.58 points or 0.14 per cent to close at 1,094.63.
Turnover, however, rose to BDT 3.35 billion, which was 22.26 percent higher than the previous day’s BDT 2.74 billion, riding on newly listed Regent Textile.
The losers took a strong lead over the gainers as out of 315 traded issues, 181 closed lower, 89 higher and 45 remained unchanged on the DSE trading floor.
Beximco Pharma dominated the turnover chart with share worth BDT 332 million changing hands followed by Regent Textile, Square Pharma, Quasem Drycells and Delta Life Insurance.
Global Insurance was the day’s best performer, posting a rise of 6.20 per cent while BIFC was the day’s worst loser, plunging by 9.27 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index- CSCX- losing 31.64 points to end at 8,417.27.
Losers beat gainers 162 to 49, with 26 issues remaining unchanged on the port city bourse that traded 8.60 million shares and mutual fund units with a value of BDT 249.53 million.