Bourses extend losing streak

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Economic Reporter :
Country’s premier bourse, Dhaka Stock Exchange (DSE) closed on Monday extending losing streak as cautious investors continued their sell-off to bag quick gain.
The broad index, DSEX closed at 4650.89 points in the day with a loss of 48.00 points or 1.02 percent.
Besides, the two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went down by 20.54 points and 12.42 points to settle at 1571.21 points and 1073.57 points respectively.
On the DSE trading floor, a total number of 149,307 trades were executed in the day’s trading session with a trading volume of 208.03 million securities.
Market turnover, another crucial indicator, stood at Taka 6.0 billion, declined further by 10 percent over previous day’s mark of Taka 6.68 billion. Loser took a strong lead over gainers as out of 355 issues traded, 103 securities gained price while 201 declined and 51 remained unchanged. The top 10 gainers were VFS Thread Dying, Golden Harvest, Quashem Industries, Central Pharma, Silva Pharma, Pacific Denim, Beacon Pharma, Silco Pharma, Alif Industries and Metro Spinning.
VFS Thread Dying topped the turnover chart followed by Grameenphone, Orion Pharma, Confidence Cement, SK Trims, BSRM Limited, LafargeHolcim Bangladesh, Golden Harvest, Silva Pharma and Quashem Industries.
The top 10 losers were Northern Insurance, Grameenphone, Hakkani Pulp, Janata Insurance, Legacy Footwear, MI Cement, Tung Hai Kniting, Khulna Printing, Purabi General Insurance and GQ Ball pen.
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