Stock extends losses
BSS, Dhaka :
The losing streak at Dhaka Stock Exchange (DSE) extended on Sunday for the third week in a row when all three price indices suffered further loss.
DSE was also in the bear’s grip in the past two weeks as most investors were in selling mood to cash in.
The stock exchange authority on Sunday launched an updated version of its web sites to make it more users’ friendly and to allow the stock exchange to generate extra revenue. But, the website on its first day of rebranding did not make any noticeable changes in the market activities.
DSEX, the broader index of DSE, lost over 40 points to finish the day at 4305.26, with the blue-chip DS30 and the Shariah DSES closing lower at 1659.17 and 1056.80 respectively.
The daily trade value and volume also fell to Taka 289.56 crore and 630 crore shares respectively due to price fall across the board on lackluster trade.
Out of the traded 299 issues, 200 incurred loss while only 68 managed to close higher.
All the sectors, expecting newly listed issues, suffered the widespread loss. Newly listed issues performed well, with five of the six traded issues of this category gained on the day.
United Power, which made the debut on April 5, topped the gainers’ list with nearly 10 percent rise at the day’s close followed by National Feed Mill, BD Thai, Khan Brothers PP Woven and Fu Wang Food.
Northern Jute, Shahjalal Bank, Modern Dyeing, Mercantile Bank and Islami Finance were the most losing securities.
The day’s top gaining issue, United Power, also topped the most active securities followed by MJLBD, Ifad Autos, ACI and Shasha Denim.
The losing streak at Dhaka Stock Exchange (DSE) extended on Sunday for the third week in a row when all three price indices suffered further loss.
DSE was also in the bear’s grip in the past two weeks as most investors were in selling mood to cash in.
The stock exchange authority on Sunday launched an updated version of its web sites to make it more users’ friendly and to allow the stock exchange to generate extra revenue. But, the website on its first day of rebranding did not make any noticeable changes in the market activities.
DSEX, the broader index of DSE, lost over 40 points to finish the day at 4305.26, with the blue-chip DS30 and the Shariah DSES closing lower at 1659.17 and 1056.80 respectively.
The daily trade value and volume also fell to Taka 289.56 crore and 630 crore shares respectively due to price fall across the board on lackluster trade.
Out of the traded 299 issues, 200 incurred loss while only 68 managed to close higher.
All the sectors, expecting newly listed issues, suffered the widespread loss. Newly listed issues performed well, with five of the six traded issues of this category gained on the day.
United Power, which made the debut on April 5, topped the gainers’ list with nearly 10 percent rise at the day’s close followed by National Feed Mill, BD Thai, Khan Brothers PP Woven and Fu Wang Food.
Northern Jute, Shahjalal Bank, Modern Dyeing, Mercantile Bank and Islami Finance were the most losing securities.
The day’s top gaining issue, United Power, also topped the most active securities followed by MJLBD, Ifad Autos, ACI and Shasha Denim.