Bearish streak extended in bourses

Published : 07 Jan 2020 09:16 PM | Updated : 07 Sep 2020 08:05 PM

Country’s premier bourse, Dhaka Stock Exchange (DSE), witnessed another nosedive in its benchmark index as investors continued to offload their holdings, reports BSS. The broad index, DSEX closed at 4281.43 points on Tuesday with a loss of 50.52 points or 1.16 percent.

Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went down by 15.63 points and 10.15 points to settle at 1436.26 points and 972.98 points respectively. On the DSE trading floor, a total number of 122,482 trades were executed in today’s trading session with a trading volume of 112.11 million securities.

Loser took a strong lead over gainers as out of 355 issues traded, 42 securities gained price while 269 declined and 43 remained unchanged. The top 10 gainers were SS Steel, Standard Ceramic, Ifad Autos, EBL NRB Mutual Fund, Padma Oil, Desh Garments, Dorin Power, National Feed Mill, Nitol Insurance and Phoenix Insurance.

ADN Telecom topped the turnover chart followed by LafargeHolcim Bangladesh, Brac Bank, KPCL, Standard Ceramic, Paramount Insu­rance, SS Steel, Mutual Trust Bank, Pubali Bank and  City Bank.

The top 10 losers were Zeak Bangla Sugar Mill, Al-haj Tex, BIFC, Zaheen Spinning, Progressive Life Insurance, Hwa Well Textile, Savar Refractories, Sunlife Insurance, Sinobangla Indus­tries and Silco Pharma. On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also  closed at red maintaining  the bearish trend of 

previous day. CSCX and CASPI declined by 135.95 points and 223.11 points to stand at 7881.22 points and 13010.46 points respectively. At CSE, a total of 6,147,038 shares and mutual fund of 248 companies were traded, of which 41 issues advanced while 186 declined and 21 issues remained unchanged.