Stocks witnessed yet another bearish session Thursday, extending the losing streak for the fourth straight session, as investors remained in a selling mood amid persistent volatility.
The market started on a negative note and the key index lost about 60 points in the mid-session, but it recovered some early losses in the later part of the session, eventually ending over 21 points lower.
DSEX, the core index of the Dhaka Stock Exchange, slid 21.24 points or 0.31 per cent to settle 6,641. DSEX lost over 120 points in the past four consecutive sessions.
Turnover, the crucial indicator of the market, stood at Tk 5.15 billion, which was 5.10 per cent higher than the previous day’s one-year lowest turnover of Tk 4.90 billion.
Market analysts said the recent regulatory moves failed to stop the market fall as the ongoing pessimism kept investors mostly inactive amid fear of global economic turmoil due to the ongoing Russia-Ukraine war, said a merchant banker.
Two other indices also ended lower with the DSE 30 Index, comprising blue chips, shedding 7.44 points to finish at 2,451 and the DSE Shariah Index (DSES) lost 2.61 points to close at 1,453.
Prices of more than 60 per cent of traded issues fell on the prime bourse, as out of 381 issues traded, 230 declined, 99 advanced and 52 remained unchanged on the DSE trading floor.
Beximco topped the turnover list with shares worth Tk 428 million changing hands, followed by Sonali Papers & Board Mills (Tk 277 million), LafargeHolcim Bangladesh (Tk 250 million), GBB Power (Tk 187 million) and Bangladesh Building Systems (Tk 113 million).
The newly listed JMI Hospital Requisite Manufacturing continued to top the gainer list for the sixth straight session, posting a 9.96 per cent gain, while Uttara Bank was the day’s worst loser, losing 13.84 per cent.
The Chittagong Stock Exchange (CSE) also ended lower with the CSE All Share Price Index – CASPI –losing 65 points to settle at 19,501 and the Selective Categories Index – CSCX – shedding 38 points to close at 11,700.
Of the issues traded, 170 declined, 56 advanced and 39 issues remained unchanged on the CSE.
The port-city bourse traded 7.20 million shares and mutual fund units with a turnover value worth Tk 184 million.
