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DSE, CSE extend losing spell for 4th day

Business Desk |
Update: 2019-07-10 7:53:22 PM
 DSE, CSE extend losing spell for 4th day

DHAKA: Stocks witnessed another downtrend session on Wednesday (July 10), extending the losing spell for fourth consecutive sessions in a row as investors kept their cautiousness intact.

Market analysts said from the very early part of the session, the index experienced price correction as major sectors failed to support the market. 

Shares worth Tk 4,088.81 million changed hands at the DSE on the third trading session of this week

The key index of DSE, DSEX, went down by 49.41 points or 0.93 percent to close the day at 5230.63 points. 

The DSE Shariah Index saw loss of 9.22 points or 0.76 percent to close at 1,198.

The DS30 index, comprising blue chips, also shed over 14.61 points or 0.77 percent to finish at 1860.90.

Of the issues traded, 51 gained, 279 declined and 23 remained unchanged.

“The capital bourse of the country extended its losing streak for the fourth consecutive session today Moreover, investors reacted conservatively towards the Bangladesh Bank on its Monetary Policy Statement for H1’FY20,” said EBL securities in its daily market analysis.

National Life Insurance Company Ltd dominated the DSE turnover chart with exchanging shares worth Tk 157.73 million followed by Rupali Insurance Company Ltd and Runner Automobiles Ltd

Nitol Insurance Company Ltd dominated the gainers chart, posting a gain of 10 per cent gain while Imam Button Industries Ltd was the day’s worst loser, losing 9.96 per cent

The CSE overall share index, CASPI also declined 169.99 points or 1.04 percent to reach 16030 points at the close today.

Of the 264 issues traded, 39 advanced, 207 suffered loss and 18 remained unchanged.

The value of the traded issues was Tk 187.87 million.

BDST: 1936 HRS, JULY 10, 2019

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