Published :
Updated :
For all latest news, follow The Financial Express Google News channel.
Stocks witnessed yet another bearish session Monday, extending the losing streak for the three consecutive sessions, as investors were mostly cautious to take fresh stake.
Analysts said investors were mostly inactive amid persistent liquidity shortage in the banking sector coupled with tension over the final selection of Dhaka bourse’s strategic partner, taking the total turnover below Tk 4.0 billion-mark.
The market opened higher and the core index of the major bourse rising more than 48 points, but rest of the session fell steadily, finally ended more than 10 points lower over the previous session.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 10.52 points or 0.17 per cent to settle at 5,940.
Two other indices of the premier bourse also closed in the red. The DS30 index, comprising blue chips, fell 4.61 points or 0.21 per cent to finish at 2,189 and DSES (Shariah) shed 4.76 points or 0.34 per cent to settle at 1,389.
Bearish sentiment also reflected on the premier bourse’s trading activities as total turnover came down below Tk 4.0 billion-mark and amounted to Tk 3.77 billion which was 14 per cent lower than the previous day’s Tk 4.40 billion.
The losers took a modest lead over the gainers as out of 332 issues traded, 176 closed lower, 109 higher and 47 remained unchanged on the DSE trading floor.
CVO Petrochemicals Refinery topped the turnover chart with shares worth Tk 187 million changing hands, closely followed by Unique Hotel & Resorts, Brac Bank, Keya Cosmetics and Monno Ceramic Industries.
Apex Spinning was the day’s highest gainer, posting a gain of 9.59 per cent while Republic Insurance was the worst loser, losing 7.16 per cent.
Port city bourse CSE also ended in the red for the third day with CSE All Share Price Index – CAPSI- losing 56 points to settle at 18,367 and Selective Categories Index - CSCX – shedding 35 points to finish at 11,83.
Here too, the losers beat the gainers as 136 issues closed lower, 65 ended higher and 22 remained unchanged on the CSE.
The port city bourse traded 7.59 million shares and mutual fund units worth Tk 249 million in turnover.