Dhaka, Monday

24 June 2024

Business Insider Bangladesh

Stocks extend losing streak

BI Desk || BusinessInsider

Published: 00:03, 16 May 2024  
Stocks extend losing streak

Representational photo

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 58.22 points down and settled at 5,527.40 points, reports BSS.

The DS30 index, comprising blue chips, fell 14.14 points to finish at 1,977.79 and the DSE Shariah Index (DSES) closed the day with 12.80 points down to close at 1,212.97.

Turnover, a crucial indicator of the market, decreased to Tk 5,263.35 million on the premier bourse, which was Tk 6,643.67 million at the previous session of the week.

Out of 395 issues traded, 301 closed lower, 61 remained higher and 33 others remained unchanged on the DSE trading floor.

RECKITTBEN became the most-traded stock, followed by Marico, UNILEVERCL, BERGERPBL and EASTRNLUB.

RELIANCE1 was the day's top gainer, soaring 8.77 percent while BAYLEASING was the worst loser, losing 3 percent.

The Chittagong Stock Exchange (CSE) also fell sharply with the CSE All Share Price Index (CASPI) losing 104.57 points to settle at 16,060.23 and its Selective Categories Index (CSCX) shedding 65.03 points to close at 9,669.68.

Of the issues traded, 174 declined, 32 advanced and 28 issues remained unchanged.

The port-city bourse traded 35.22 lakh shares and mutual fund units with a turnover value of Tk 13.61 crore.