Stocks extend losing streak

Stocks today extended its losing streak as the risk-averse investors preferred to book profit on quick-gaining shares.

DSEX, the key index of the Dhaka Stock Exchange (DSE), closed the day with 10.06 points down and settled at 6,351.10 points. The DS30 index, comprising blue chips, fell 2.60 points to finish at 2,197.77. The DSE Shariah Index (DSES) closed the day with 1.17 point up to close at 1,387.93.

Turnover, a crucial indicator of the market, increased to Tk 10,445.62 million on the premier bourse, which was Taka 9,327.15 million at the previous session of the week.

Out of 370 issues traded, 119 closed lower, 63 remained higher and 188 others remained unchanged on the DSE trading floor.

FUWANGFOOD became the most-traded stock, followed by RDFOOD, SEAPEARL, KBPPWBIL and Mid Land Bank.

ASIAPACINS was the day’s top gainer, soaring 9.96 per cent while RUPALILIFE was the worst loser, losing 10 per cent.

The Chittagong Stock Exchange (CSE) also fell sharply with the CSE All Share Price Index (CASPI) losing 16.27 points to settle at 18,768.40 and its Selective Categories Index (CSCX) shedding 3.50 points to close at 11,219.83.

Of the issues traded, 71 declined, 58 advanced and 58 issues remained unchanged.

The port-city bourse traded 71.14 lakh shares and mutual fund units with a turnover value of Taka 15.44 crore. (BSS)