Stocks extend losses for second day at DSE

Bangladesh’s stock market continued its downward trend for the second consecutive session on Monday, with key indices falling at the Dhaka Stock Exchange (DSE) and losses also recorded at the Chittagong Stock Exchange (CSE).

At the DSE, the benchmark DSEX index shed 7 points, while the Shariah-based DSES fell 2 points and the blue-chip DS30 lost 9 points by the end of trading.

Most stocks ended lower as prices declined for 155 companies against gains for 142, while shares of 93 companies remained unchanged.

The turnover also dropped notably, with shares and units worth Tk 3.09 billion traded during the session, down from Tk 3.85 billion in the previous day.

In the block market, shares of 25 companies worth Tk 250 million were traded, with Berger Paints Bangladesh Limited topping the list, accounting for Tk 69 million.

Sonargaon Textiles Ltd emerged as the top gainer on the DSE, rising by more than 6.5 per cent, while International Leasing & Financial Services Limited became the worst performer, shedding nearly 10 per cent.

The CSE also closed in the red, with its broad-based CASPI index declining by 35 points.

On the port city bourse, prices fell for 73 companies, rose for 45, and remained unchanged for 29.

The turnover at the CSE dropped sharply to Tk 110 million from Tk 190 million in the previous session.

Khulna Power Company Limited topped the CSE gainers’ chart with a rise of nearly 10 per cent, while Associated Oxygen Limited lost almost 10 per cent to end as the day’s worst performer.