Core index sheds 4.15pc in 3 sessions

Dhaka bourse on Tuesday extended its losing streak featuring another sharp loss in core index as losers took control over gainers following investors' panic-driven sales executed to escape further loss.
Like previous two sessions, the large-cap companies triggered the fall of DSEX, broad index of Dhaka Stock Exchange (DSE).
Only 12 per cent of securities traded on the DSE went green on Tuesday while 76 per cent securities closed in red amid investors' lack of confidence in the market.
The DSE opened the Tuesday's session with a negative note and declined for around an hour.
Later, a recovery stance was observed but faded away after mid-session and the core index witnessed free fall for rest of the session.
Finally, the DSEX settled at 4281.43 points with a loss of 1.16 per cent or 50.52 points.
The core index lost 4.15 per cent in last three sessions in a row.
Of the large-cap companies, the share price of Grameenphone declined 0.84 per cent, Square Pharmaceuticals 1.42 per cent, British American Tobacco Bangladesh 0.99 per cent, BRAC Bank 3.81 per cent and United Power Generation and Distribution Company 1.40 per cent.
On Tuesday, the shariah-based index DSES declined 1.03 per cent or 10.15 points to close at 972.98.
The DS30 index comprising blue chip securities went down by 1.07 per cent or 15.63 points to close at 1436.26 points.
Of 354 issues traded, 42 advanced, 269 declined and 43 remained unchanged on the premier bourse DSE.
The turnover stood at above Tk 3.27 billion which was 13 per cent less than the turnover of the previous session.
Of the major sectors based on market capitalisation, bank declined 1.6 per cent while engineering lost 0.7 per cent, financial institutions 0.5 per cent, fuel & power 0.5 per cent, pharmaceuticals & chemicals 1.1 per cent, telecommunication 1.1 per cent and textile 1.9 per cent.
Investors mainly concentrated on banking sector which grabbed 15.2 per cent of the total market turnover followed by engineering 12.6 per cent, general insurance 11.3 per cent and IT 11 per cent.
ADN Telecom topped the scrip wise turnover chart with a value of Tk 276 million followed by LafargeHolcim Bangladesh Tk 210 million, BRAC Bank Tk 158 million, Khulna Power Tk 98 million and Standard Ceramic Industries Tk 85 million.
S. S. Steel was the number one gainer with a rise of 7.37 per cent to close at Tk 23.3 each.
Zeal Bangla Sugar Mills was the worst loser after declining 9.91 per cent to close at Tk 30.90 each.
On Chittagong Stock Exchange (CSE), the benchmark index CASPI declined 1.68 per cent or 223.11 points to close at 13010.46 points.
Of 248 issues traded, only 41 advanced, 186 declined and 21 were unchanged.
And the turnover stood at above Tk 145.56 million on the port city bourse CSE on Tuesday.

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