Business Desk :
Stocks extended the losing streak for the three consecutive sessions on Sunday as risk-averse investors continued to book profit on major sectors stocks.
DSEX, the key index of the Dhaka Stock Exchange (DSE), went down by 33.45 points or 0.65 per cent to settle at 5,074.
DSEX lost more than 73 points in the past three consecutive sessions.
Market analysts said many investors opted for booking profit on sector-wise large-cap stocks, particularly on telecom, and banking sectors.
Top negative index contributors of the market were Grameenphone, BATBC, Square Pharma, ICB and Power Grid Company.
The banking and financial institution sectors also continued saw sell-offs as the central bank directed to keep an extra 1.0 per cent in provisioning than what they now maintain for their unclassified loans, said the stockbroker, reports FE.
Two other indices also edged lower. The DS30 index, comprising blue chips, lost 4.47 points to finish at 1,794 and the DSE Shariah Index shed 9.68 points to close at 1,170.
Turnover, a crucial indicator of the market, stood at Tk 8.60 billion, which was 22 per cent lower than the previous day’s turnover of Tk 7.05 billion.
Losers took a strong lead over the gainers, as out of 358 issues traded, 213 ended lower, 81 higher and 64 issues remained unchanged on the DSE trading floor.
A total number of 161,740 trades were executed in the day’s trading session with a trading volume of 270.11 million shares and mutual fund units.
The DSE market-cap also fell to Tk 4,147 billion on Sunday, from Tk 4,169 billion in the previous day.
Beximco topped the turnover chart with 20.26 million shares worth Tk 685 million changing hands, closely followed by Beximco Pharma, Republic Insurance, Walton and IFIC Bank.
The insurance sector dominated the gainer’s chart again with Bangladesh National Insurance was the day’s best performer, posting a 10 per cent gain while Dominage Steel was the worst loser, losing 9.85 per cent.
The Chittagong Stock Exchange (CSE) also kept losing with its All Shares Price Index (CASPI)-shedding 75 points to close at 14,594 while the Selective Categories Index – CSCX falling 43 points to close at 8,794.
