Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended losing streak for the five consecutive days as investors continued on selling mood amid lack of confidence.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, nosedived.
The prime index of the Dhaka Stock Exchange (DSE) plunged 6.32 points and the port city bourse Chittagong Stock Exchange (CSE) slumped 23.84 points.
The prime index of the Dhaka Stock Exchange (DSE), went down by 6.32 points or 0.14 per cent to end at 4,410.57, after witnessing volatility throughout the session.
The DSE Shariah Index (DSES) dropped 2.43 points or 0.22 per cent to finish at 1,066.16.
However, the DS30 index, comprising blue chips, gained 1.24 points or 0.07 per cent to 1,681.48.
DSE turnover dropped to BDT 2.94 billion, which was 8.41 percent lower than the previous session’s BDT 3.21 billion.
The losers took a strong lead over the gainers as out of 312 traded issues, 164 closed lower, 103 higher and 45 remained unchanged on the DSE trading floor.
Titas Gas continued to top the turnover chart for the second consecutive day with shares worth BDT 217 million changing hands followed by IFAD Autos, Square Pharma, Quasem Drycells and Beximco Pharma.
Northern Jute Manufacturing Company was the day’s best performer, posting a rise of 8.11 per cent while ICB was the day’s worst loser, plunging by 11.83 per cent.
The port city bourse Chittagong Stock Exchange (CSE) ended lower with its Selective Categories Index- CSCX- shedding 23.84 points to end at 8,192.27.
Losers beat gainers 120 to 83, with 35 issues remaining unchanged on the port city bourse that traded 6.29 million shares and mutual fund units with a value of BDT 193 million.