Stocks keep losing streak

Staff Correspondent

19 January, 2021 12:00 AM printer

Stocks keep losing streak

Stocks extended the losing streak for the second consecutive sessions on Monday as shaky investors continued their sell-offs.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), declined 48.71 points or 0.83 per cent to settle at 5,801.

The DS30 index, comprising blue chips, went down by 13.79 points or 0.62 per cent to finish at 2,195 and DSE Shariah Index dropped 5.34 points or 0.41 per cent to close at 1,293.

Turnover settled at Tk 15.19 billion on the country’s premier bourse, declining further by 36.28 per cent over the previous day’s mark of Tk 23.84 billion.

Out of 356 issues traded, 222 closed in the red, 62 in the green and 72 remained unchanged on the DSE trading floor.

Beximco topped the turnover chart with 32.81 million shares worth Tk 2.49 billion changing hands, followed by Robi Axiata, LankaBangla Finance, Beximco Pharmaceuticals and Summit Power.

The telecommunication sector dominated the gainer’s chart with ADN Telecom, the day’s best performer, posting a gain of 9.82 per cent, closely followed by Associated Oxygen, New Line Clothings, National Feed Mill, AIBL 1st Islamic Mutual Fund and aamra technologies.

Savar Refractories was the worst loser of the day, losing 9.61 per cent, closely followed by Alltex Industries, Robi Axiata, Alif Manufacturing Company, Union Capital and First Finance.

Chittagong Stock Exchange (CSE) also ended lower with the CSE All Share Price Index – CASPI – losing 173 points to settle at 16,898 and the Selective Categories Index – CSCX shedding 104 points to close at 10,197.