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Stocks extend losing streak


By BSS
Published : 14 Sep 2022 08:18 PM

Stocks on Wednesday extended losing streak for the second straight day as the investors booked profit on large-cap stocks.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 50.41 points or 0.77 per cent to settle at 6,487. Two other indices also closed lower. The DS30 index, comprising blue chips, plunged 20.27 points to finish at 2,333 and the DSE Shariah Index (DSES) fell 9.42 points to close at 1,417.

Turnover, a crucial indicator of the market, dropped to Tk 13.04 billion on the premier bourse, which was 12 per cent lower than the previous day's tally of Taka 14.80 billion.

Losers took a strong lead over the gainers, as out of 371 issues traded, 175 closed lower, 72 higher and 124 others remained unchanged on the DSE trading floor.

Orion Pharma became the most-traded stock, followed by Beximco, JMI Hospital Requisite Manufacturing, LafargeHolcim, and Malek Spinning Mills.

Scam-hit International Leasing & Financial Services was the day's top gainer, soaring 10 per cent while Fareast Islami Life Insurance was the worst loser, losing 6.19 per cent.

The Chittagong Stock Exchange (CSE) also fell sharply with the CSE All Share Price Index (CASPI) losing 179 points to settle at 19,053 and its Selective Categories Index (CSCX) shedding 108 points to close at 11,420.

Of the issues traded, 147 declined, 43 advanced and 72 issues remained unchanged.

The port-city bourse traded 5.25 million shares and mutual fund units with a turnover value of Taka 214 million.