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Stocks extended their losing streak for second day in a row on Thursday with turnover crossing Tk 10 billion-mark after two months.
Market insiders said a section of investors continued their selling spree on banking, financial institutions and telecom stocks, taking the market in the negative territory for the second day.
The market showed upward movement in the beginning of the session. But failed to sustain the momentum as the session progressed, eventually ended more than 29 points lower.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 29.20 points or 0.52 per cent to settle at 5,529.
Two other indices also ended lower. The DS30 index, comprising blue chips, fell 12 points to finish at 1,919. The DSE Shariah Index also lost 4.54 points to close at 1,271.
Turnover, the most important indicator of the market, however, rose to Tk 10.64 billion, which was 23 per cent higher than the previous session’s Tk 8.61 billion.
Of the 326 issues traded, 189 declined, 104 advanced and 33 issues remained unchanged on the DSE trading floor.
A total number of 178,623 trades were executed in the day’s trading session with trading volume of 221.39 million securities.
The market capitalisation of the DSE stood at Tk 3,948 billion on the day which was Tk 3,948 billion in the previous session.
Active Fine Chemicals topped the turnover chart with 18.27 million shares worth Tk 884 million changing hands.
The other turnover leaders were IFAD Autos, Khulna Power Company, BBS Cables and Singer BD.
S Alam Cold Rolled Steels was the best performer, posting a gain of 10 per cent while Reliance Mutual Fund One was the worst loser, losing 9.34 per cent.
The Chittagong Stock Exchange (CSE) also ended lower with its CSE All Share Price Index – CASPI – losing 59 points to settle at 16,999 and the Selective Categories Index - CSCX –shedding 35 points to finish at 10,303.
The losers beat gainers as 123 issues closed lower, 87 ended higher and 19 issues remained unchanged on the CSE.
The port city’s bourse traded 10.12 million shares and mutual fund units worth Tk 364 million in turnover.