Business

Stocks extend losing streak


By BSS
Published : 26 Sep 2022 09:00 PM

Stocks on Monday extended losing streak for the second straight day as the investors booked profit on large-cap stocks.

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), finally went down by 4.18 points or 0.06 per cent to settle at 6,511. The DSE Shariah Index (DSES) also fell 0.33 points to 1,420. However, the DS30 index, comprising blue chips, gained 1.97 points to 2,331.

Turnover, a crucial indicator of the market, dropped sharply to Tk 13 billion on the premier bourse, which was 28 per cent lower than the previous day's tally of Tk 18.10 billion.

Of the 371 issues traded, 137 declined, 61 advanced and 173 others remained unchanged on the DSE trading floor.

Orion pharma became the most-traded stock with shares worth Tk 1.15 billion changing hands, closely followed by Beximco of Tk 1.14 billion.

The Chittagong Stock Exchange (CSE) also fell slightly with the CSE All Share Price Index (CASPI) losing 1.25 points to settle at 19,181 and its Selective Categories Index (CSCX) shedding 0.68 points to close at 11,497.

Of the issues traded, 106 declined, 43 advanced and 92 issues remained unchanged.

The port-city bourse traded 48.92 million shares and mutual fund units with a turnover value of Taka 1.16 billion.