Stocks extend losing for eighth day

Dhaka Stock Exchange (DSE) extended losing streak for the eighth consecutive session on Thursday with sluggish trading activities as investors remained reluctant to take fresh exposure in the market. The prime index of the Dhaka Stock Exchange (DSEX) went down marginally by 7.92 points or 0.18 per cent to close at 4,363.08 points. In the last eight sessions, DSEX lost around 124 points. However, the other two indices closed in positive. The DS30, comprising blue chips gained 0.53 points or 03 per cent to close at 1,604.39 points. The DSES gained 1.82points or 0.18 per cent to close at 996.90 points. Turnover on DSE stood at Tk 1.77 billion, which was 12.73 per cent higher compared to previous session’s 9-month lowest value of Tk 1.57 billion. Out of 297 issues traded, 99 advanced, 147 declined and 51 remained unchanged on the DSE floor. Olympic Industries was the most traded stock with shares worth Tk 139.44 million changing hands followed by GP, Beximco, Heidelberg Cement and FAR Chemical. BIFC was the day’s highest gainer, posting a rise of 6.56 per cent while Midas Financing was the day’s worst loser, slumping by 8.75 per cent. The port city bourse, Chittagong Stock Exchange (CSE) also ended in positive zone with its Selective Categories Index – CSCX – gained slightly by 4.38 points to close at 8,327.12 points. Losers beat gainers 98 to 60, with 3 issues remaining unchanged at the port city bourse that traded 4.68 million shares and mutual fund units, turnover value of Tk 135.09 million.