Stocks continue losing streak

Dhaka Stock Exchange (DSE) continued its downward trend on Monday as persistent selling pressure, weak corporate earnings and ongoing domestic and geopolitical uncertainties weighed on investor confidence.

The DSEX, the benchmark index of the DSE, fell 46.2 points to settle at 5,404 points, down from 5,451 points in the previous trading session, according to BSS report.

Market turnover declined by 20.4 percent to Tk 450 crore from Tk 560 crore in the previous session, indicating a slowdown in trading activity.

On the sectoral front, textiles accounted for the largest share of turnover at 25 percent, followed by general insurance at 10.8 percent and engineering at 9 percent.

Most sectors posted negative returns, with financial institutions recording the steepest decline of 3.6 percent, followed by mutual funds at 2.9 percent and general insurance at 2.7 percent.

Jute was the only notable gainer among the reported sectors, advancing 2.4 percent.

Of the 395 issues traded on the DSE, 47 advanced, 300 declined and 48 remained unchanged, indicating broad-based selling pressure across the market.

Whereas, Chittagong Stock Exchange (CSE) also ended the session in negative territory.

Its selected index, CSCX, fell 53.4 points, while the All Share Price Index, CASPI, declined 84 points.