DSE, CSE extend losses amid dull trading

Economic Reporter :
Stocks extended losses for the second straight session on Wednesday as risk-averse investors continued their selling binge on sector-wise shares.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 6.98 points or 0.14 per cent to settle at 4951.
Market analysts said investors a section of investors remained worried about the recent volatility of the market and followed ‘wait-and-see’ approach.
The DS30 index, comprising blue chips, also fell 7.40 points to finish at 1,766. However, the DSE Shariah Index saw a fractional gain of 0.40 point to close at 1,145.
Turnover, a crucial indicator of the market, also fell to Tk 3.18 billion, which was nearly 21 per cent lower than the previous day’s Tk 4.05 billion.
Gainers took a modest lead over the losers as out of 353 issues traded, 147 closed higher, 141 ended lower and 65 remained unchanged on the DSE trading floor.
A total number of 101,593 trades were executed in the day’s trading session with trading volume of 105.98 million shares and mutual fund units.
The market-cap of the DSE also fell to Tk 3,750 billion on Wednesday, from Tk 3,758 billion in the previous session.
Monno Jute Stafflers topped the turnover chart with shares worth more than Tk 118 million changing hands, followed by Sonar Bangla Insurance, National Tubes, Grameenphone and VFS Thread Dyeing.