BBN file photo

Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended losses for the second straight session on Wednesday as risk-averse investors continued their selling binge on sector-wise shares.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 6.98 points or 0.14 per cent to settle at 4951.

The DS30 index, comprising blue chips, also fell 7.40 points to finish at 1,766. However, the DSE Shariah Index saw a fractional gain of 0.40 point to close at 1,145.

Many investors continued to fret about the recent volatility of the market and followed ‘wait-and-see’ approach, taking the market in the red zone again, according to market operators.

Risk-averse investors continued their selling binge on large-cap stocks like Grameenphone, BATBC, Brac Bank, National Life Insurance and Islami Bank contributed 15 points index fall jointly, they added.

Telecommunication witnessed the highest loss of 0.85 per cent, followed by food 0.81 per cent, banking 0.56 per cent and financial institutions 0.53 per cent.

Turnover, a crucial indicator of the market, also fell to BDT 3.18 billion, which was nearly 21 per cent lower than the previous day’s BDT 4.05 billion.

On the other hand, the Chittagong Stock Exchange ended marginally lower with its All Shares Price Index (CAPSI) — CASPI—losing 61 points to close at 15,018 and the Selective Categories Index – CSCX –shedding 36 points to finish at 9,122.

The losers beat the gainers as 120 issues closed lower, 84 ended higher and 33 remained unchanged on the CSE.