Stocks close lower for 4th day

Stocks extended losing streak for the fourth day amid volatile trading throughout the session with turnover declined further as investors remained cautious.The market opened with a positive note, but could not sustain. The prime index of the Dhaka Stock Exchange (DSE) --- DSEX --- ended at 4,687.19 points, shedding 10.10 points or 0.21 per cent from previous session.
The other two indices also closed negative. The DSE Shariah Index (DSES) went down slightly by 0.75 points or 0.07 per cent to close at 1,001.51 points. The DS30, comprising blue chips lost 0.48 points or 0.02 per cent to close at 1,702.25 points.The total turnover on DSE came down to Tk 5.05 billion, registering 12 per cent decline over the previous session’s value of Tk 5.74 billion.The losers took a modest lead over the gainers as out of 296 issues traded, 171 declined, 104 advanced and 21 issues remained unchanged on the DSE floor. The market capitalization of the DSE stood at Tk 2,908.54 billion against Tk 2,917.65 billion in the previous session. Square Pharma dominated the top turnover chart with shares worth Tk 419.44 million changing hands followed by BSCCL, GP, Olympic and Jamuna Oil. Rupali Life Insurance was also the day’s highest gainer; posting a rise of 8.45 per cent while LankaBangla Finance was the day’s worst losers, slumping by 9.30 per cent following its price adjustment after record date. The port city bourse --- the Chittagong Stock Exchange (CSE), closed flat in positive with its Selective Categories Index – CSCX-- gained 0.72 points to close at 9,192.32 points. Losers beat gainers 135 to 64, with 31 issues remaining unchanged at the port city bourse that traded 8.38 million shares and mutual fund units worth Tk 451.70 million.