Stocks extend losing streak

Stocks on Wednesday extended its losing streak as the risk-averse investors preferred to book profit on quick-gaining shares.

DSEX, the key index of the Dhaka Stock Exchange (DSE), closed the day with 47.45 points down and settled at 5,739.07 points, reports BSS.

The DS30 index, comprising blue chips, fell 19.85 points to finish at 2,113.25 and the DSE Shariah Index (DSES) closed the day with 9.52 points down to close at 1,227.86.

Turnover, a crucial indicator of the market, decreased to Taka 5,934.71 million on the premier bourse, which was Taka 7,265.05 million at the previous session of the week.

Out of 397 issues traded, 264 closed lower, 81 remained higher and 52 others remained unchanged on the DSE trading floor.

BRACBANK became the most-traded stock, followed by IBNSINA, GP, IFIC and SEAPEARL.

SPCERAMICS was the day's top gainer, soaring 9.52 per cent while FAREASTFIN was the worst loser, losing 9.80 per cent.

The Chittagong Stock Exchange (CSE) also fell sharply with the CSE All Share Price Index (CASPI) losing 63.15 points to settle at 16,438.27 and its Selective Categories Index (CSCX) shedding 41.05 points to close at 9,908.71.

Of the issues traded, 115 declined, 69 advanced and 20 issues remained unchanged.

The port-city bourse traded 25.31 lakh shares and mutual fund units with a turnover value of Taka 7.66 crore.