Stocks extend losing streak for 4th session

The market extended losing streak for the fourth running session Tuesday as investors continued to sell stocks amid cautious trading. The market opened with a positive note, and the main index of the premier bourse gained 29 points within first 30 minutes, but rest of the session it declined amid modest see-saw. At the end of the day’s session, the prime index of the Dhaka Stock Exchange (DSE) --- DSEX --- ended at 4,671.56 points, shedding 12.50 points or 0.26 per cent from previous session.The other two indices also closed lower. The DS30 index, comprising blue chips went down by 6.37 points or 0.38 per cent to close at 1,655.71 points. The DSE Shariah Index (DSES) lost 3.77 points or 0.38 per cent to close at 973.53 points. The total turnover on DSE stood at Tk 3.49 billion, registering 1.49 per cent increase over the previous session’s turnover value of Tk 3.44 billion. The losers took a strong lead over the gainers as out of 284 issues traded, 154 declined, 92 advanced and 38 issues closed unchanged on the DSE floor.The market capitalization of the DSE stood at Tk 2,854.95 billion against Tk 2,862.94 billion in the previous session.
Square Pharma dominated the top turnover chart with shares worth Tk 194.84 million changing hands followed by BSCCL, Southeast Bank, Jamuna Oil and Olympic Industries. Monno Stafflers was the day’s highest gainer, posting a rise of 4.95 per cent while Green Delta Insurance was the day’s worst losers, slumping by 17.37 per cent. The Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index – CSCX-- lost 8.52 points to close at 9,209.21 points. Losers beat gainers 115 to 67, with 31 issues remaining unchanged at the port city bourse that traded 7.85 million shares and mutual fund units, turnover value of Tk 322.34 million.