Losing streak extended

Stocks extended their losing streak for the second running sessions Monday with turnover dipping below Tk 3.0 billion-mark again as bearish tone gripped the market sentiment amid prolonged political turmoil.
The investors went for selling spree from the very beginning amid growing worries which sustained throughout the session. At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE) went down by 20.24 points or 0.42 per cent to close at 4,719.40 points.
The two other indices also ended in red zone. The DS30 index, comprising blue chips lost 4.61 points or 0.26 per cent to close at 1,754.17 points. The DSE Shariah Index (DSES) shed 6.95 points or 0.61 per cent to close at 1,115.72 points.
Turnover on DSE came down below Tk 3.0 billion mark once again and amounted to Tk 2.98 billion, registering a decline of 11.5 per cent over the over the previous session's value of Tk 3.36 billion.
The investors' attention was mostly focused on bank, power and pharma - the sectors that accounted for 14.5 per cent, 13.7 per cent and 13.6 per cent of the day's total turnover respectively.
"Market extended their losing streak as bearish tone gripped the market sentiment amid prolonged political chaos," said LankaBangla Securities, in its daily market analysis.
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