Dhaka, Bangladesh (BBN)– Bangladesh’s stocks extended the losing streak with core index fell below 5,300-mark again, as risk-averse investors continued on selling spree.
Analysts said investors were mostly on selling mood as rising non-performing loans coupled with falling foreign portfolio investment in the Dhaka bourse tempted investors to sell shares.
The market opened on positive note and the key index rose about 21 points within first 30 minutes of trading. But, rest of the session went down steadily.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,295, losing 10.53 points or 0.19 percent over the previous day.
Two other indices—the DS30 index and the DSE Shariah Index (DSES)–also ended lower.
The DS30 index, comprising blue chips, shed 5.97 points to finish at 1,849 and the DSE Shariah Index lost 2.27 points to close at 1,219.
Turnover, another important indicator of the market, however, rose and the total turnover amounted to BDT 5.67 billion, which was 10 percent higher than the previous day’s turnover of BDT 5.16 billion.
A total number of 155,100 trades were executed in the day’s trading session with trading volume of 126.79 million securities.
The market capitalisation of the DSE also fell to BDT 3,820 billion on the day which was BDT 3,832 billion in the previous day.
The losers took a strong lead over the gainers as out of 344 issues traded, 198 declined, 110 advanced and 36 issues remained unchanged on the DSE trading floor.
Wata Chemicals topped the DSE turnover chart with 415,104 shares worth BDT 209 million changing hands.
The other turnover leaders were Square Pharma, Pharma Aids, Khulna Power and National Tea Company.
CAMP IBBL Islamic Mutual Fund was the day’s best performer, posting a gain of 9.34 percent while Information Services Network was the worst loser, losing 10 percent.
The port city bourse CSE ended lower with its CSE All Share Price Index – CASPI –losing 54 points to settle at 16,203 and the Selective Categories Index – CSCX –shedding 30 points to finish at 9,805.
The losers beat gainers as 158 issues closed lower, 66 ended higher and 28 remained unchanged on the CSE.
The port city bourse traded 7.67 million shares and mutual fund units worth more than BDT 256 million in turnover.