Stocks extend losing streak

Published : 21 Jun 2022 08:48 PM | Updated : 21 Jun 2022 08:48 PM

Stocks on Tuesday extended the losing streak for the third straight session as risk-averse investors opted for a quick profit on major sector issues.

DSEX, the core index of the Dhaka Stock Exchange, slid 45.72 points or 0.72 per cent to settle at 6,311. Two other indices also ended lower. The DSE 30 Index, comprising blue chips, lost 19.15 points to finish at 2,295 and the DSE Shariah Index (DSES) shed 9.11 points close at 1,378.

 Turnover, the crucial indicator of the market, also dropped further to Taka 7.25 billion, which was 12 per cent lower than the previous day's tally of Taka 8.22 billion.

Losers took a strong lead over the gainers as 382 issues traded, 282 declined, 57 advanced and 43 issues remained unchanged on the DSE trading floor.

Beximco was the most-traded stocks with shares worth Taka 384 million changing hands, followed by Anwar Galvanizing (Taka 279 million), Fu-Wang Food (Taka 237 million), JMI Hospital Requisite (Taka 191 million) and Shinepukur Ceramics (Taka 159 million).

Imam Button was the top gainer, posting a 10 per cent gain while Tallu Spinning Mills was the day's worst loser, losing 2.0 per cent.

The Chittagong Stock Exchange (CSE) also kept losing with the CSE All Share Price Index- CASPI- slumping 137 points to settle at 18,591 and the Selective Categories Index- CSCX- shed 83 points to close at 11,145.

Of the issues traded, 211 declined, 34 advanced and 30 issues remained unchanged on the CSE trading floor.

The port city's bourse traded 22.44 million shares and mutual fund units with turnover value worth over Taka 562 million.