Stocks maintain downward trend for 4 consecutive sessions

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BSS, Dhaka :
Bearish trend continued in the country’s two bourses for the four consecutive sessions on Monday as all indices on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) maintained downward trend due to selling spree.
Turnover, an important indicator of the market, declined to Taka 490.29 crore from Sunday’s Taka 531.68 crore on the DSE. The daily trade volume also dropped to 14.54 crore shares from previous session’s 15.56 crore shares.
DSEX, the broader index of the DSE, settled at 5,683.54, shedding 10.74 points over the previous session. DSEX lost more than 130 points in the four consecutive trading sessions.
The DS30 index, comprising blue chips, lost 5.73 points to finish at 2,114.13 and the DSE Shariah Index (DSES) fell 1.75 points to close at 1,317.97.
Out of 340 issues traded, 139 closed higher, 148 closed lower and 53 issues remained unchanged on the DSE trading floor.
Top five gainers on the day were IT Consultants, SEML Lecture Equity MF, SEML IBBL Sharia Fund, Shepherd Industries and Summit Alliance Port while top five losers were Prime Bank, Advent Pharma, Central Insurance, Oimex Electrode Ltd and Mozaffar Hossain Spinning Mills.
In the port city, CSE also closed lower with the CSE All Share Price Index (CASPI) shedding 14.38 points to close at 17,555.91. The losers outperformed the gainers as 105 issues closed higher, 106 issues closed lower and 35 remained unchanged.
CSE traded 84.18 lakh shares and mutual fund units worth more than Taka 21.92 crore in turnover.
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