Stocks extend losing streak on selling spree

Published : 13 Oct 2021 09:21 PM | Updated : 14 Oct 2021 03:51 PM

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

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by  65.54 points or 0.90 per cent to 7,248.44. Two other indices also ended lower  with the DSE 30 Index, comprising blue chips, fell 32.31 points to finish at  2,717.57 and the DSE Shariah Index (DSES) shed 24.44 points to close at  1,566.60.

Turnover, a crucial indicator of the market, amounted to Taka 19,529.92  million which was Taka 18,638.01 million at the previous session of the week. 

     Losers took a strong lead over the gainers, as out of 376 issues traded, 

241 declined, 106 advanced and 29 issues remained unchanged on the DSE  trading floor.

Fortune topped the turnover chart, followed by LHBL, IFIC, Orion Pharma  and Beximco.  NRBC Bank was the day's top gainer, posting a 9.96 per cent gain while  FEKDIL was the worst loser, losing 7.39 per cent.

The Chittagong Stock Exchange (CSE) ended sharply lower with its  Selective Categories Index - CSCX- losing 104.57 points to close at  12,724.21.

Of the issues traded, 203 declined, 89 and 23 issues remained unchanged  on the CSE. The port city's bourse traded 1.78 crore shares and mutual fund units  with a turnover value of Tk 61.51 crore.