Dhaka, Bangladesh (BBN)-Bangladesh’s stock extended their bearish spell for the fourth consecutive sessions Monday, as deepening political strife continued to hunt investors.
The market opened with a downturn which sustained throughout the session as most investors were on selling mood in fear of declining the stock prices further.
Meanwhile, a group of investors formed human chain in front of the prime bourse for a while, protesting the free fall of share prices.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE) dipped below the 4,500-mark further and ended at 4,477.99 points, shedding 58.39 points or 1.28 percent.
The two others indices also saw sharp decline.
The DS30 index, comprising blue chips lost 17.89 points or 1.04 percent to close at 1,691.50 points.
The DSE Shariah Index (DSES) shed 13.89 points or 1.25 percent to close at 1,090.99 points.
Strong selling pressure helped trading activities edge higher and amounted to BDT 2.90 billion, registering an increase of 14.62 percent over the previous session’s value of BDT 2.53 billion.
The losers took a strong lead over the gainers as out of 306 issues traded, 229 declined and 53 advanced while 24 remained unchanged on the DSE floor.
GP was the day’s top turnover chart with shares worth BDT 247.54 million changing hands followed by SPCL, IFAD Autos, Summit Alliance Port and ACI.
Rekitt Benckisher was the day’s top gainer, posting a rise of 5.73 per cent while Singer BD was the worst loser, plunging by 20.36 per cent following its price adjustment after record date.
The port city bourse, Chittagong Stock Exchange (CSE), also saw steep decline with its Selective Categories Index – CSCX – lost 73.5 points to close at 8,311.84 points.
Losers beat gainers 166 to 45, with 20 issues remaining unchanged at the port city bourse that traded 6.41 million shares and mutual fund units, turnover value of BDT 226.36 million.
BBN/BB/AD-16Mar16-3:40pm (BST)