Stocks extended the losing streak for the four straight sessions on Thursday as investors continued their selling spree on sector specific stocks.
Brokers said the ongoing pessimism kept investors mostly inactive, taking the market in the red zone.
The market started on downward trend which continued till end of the session with no sign of reversal, finally ended more than 51 points lower.
DSEX, the benchmark index of the Dhaka Stock Exchange, settled at 5,343, losing 51.87 points or 0.96 per cent over the previous day.
The two other indices also fell sharply. The DS30 index, comprising blue chips, plunged 26.79 points to settle at 1,975 and the DSE Shariah Index lost 12.74 points to close at 1,238.
Turnover, the most important indicator of the market, also came down to Tk 3.62 billion, which was 21 per cent lower than the previous session’s Tk 4.61 billion.
The losers took a strong lead over the gainers as out of 336 issues traded, 212 declined, 80 advanced and 44 issues remained unchanged on the DSE trading floor.
Alif Industries topped the DSE turnover chart with shares worth Tk 180 million changing hands, closely followed by Square Pharmaceuticals, Beximco, Legacy Footwear and Intraco Refueling.
Legacy Footwear was the day’s highest gainer, posting a gain of 7.76 per cent while NCC Bank was the day’s worst loser, losing 9.55 per cent.
The port city bourse—CSE—also ended lower with its CSE All Share Price Index–CASPI—losing 183 points to settle at 16,504 and the Selective Categories Index—CSCX– shedding 114 points to finish at 9,984 points.
Here too, losers beat gainers as 131 issues closed lower while 55 ended higher, with 18 issues remained unchanged on the CSE.
The port city bourse traded 4.93 million shares and mutual fund units worth more than Tk 198 million in turnover.
