Stocks extended their losses for the sixth consecutive session yesterday with sharp fall in volume of trade.
The market swung between red and green initially but from mid-session bear won the race over the bull.
The benchmark index DSEX fell 24 points or 0.6% to settle at 4,586.
The Shariah index DSES dropped 7 points to 1,106. The blue chip comprising index DS30 lost14 points or 0.9% to 1,732.
The Chittagong Stock Exchange Selective Category Index CSCX closed at 8,579, slipping 42 points.
Trading activities continued to dive as the DSE turnover was at Tk358 crore, down nearly 20% over the previous session.
Textile sector continued to dominate trading, making up 17% of the total turnover.
Share prices of about 60% issues eroded as out of 317 scrips traded, 186 closed in negative, 90 in positive and 41 remained unchanged.
Low-cap ceramics sector was the worst performing sector, as it added 2.25 to previous session’s 1.6% fall.
After a marginal rise in previous day, insurance sector was down more than 2%.
Power, engineering, telecommunications, non-banking financial institutions and pharmaceuticals declined more than 1% each.
Amid this negative sentiment, bank and food and allied managed to close marginally positive.
Lanka Bangla Securities said index continued to plunge for the sixth consecutive sessions amid mixed performance across the sectors.
“Benchmark index broke the 4600-mark as the market sentiment remained subdued. Investors largely shrugged off the quarterly earnings declared today, though most of the stocks posted positive growth in earnings.”
Al-Arafah Islami Bank that soared 4.7% was the most traded share with a turnover worth Tk22.6 crore changing hands.
