Bangladesh capital market extends losing streak for second day

DSE, CSE Logos

Bangladesh’s capital markets extended their downtrend for a second consecutive day on Monday, with key indices falling, most shares losing value and overall turnover declining at both bourses.

At the Dhaka Stock Exchange (DSE), the benchmark DSEX index shed 42 points by the close of trading. The Shariah-based DSES fell 11 points, while the blue-chip DS30 index lost 14 points.

Most listed companies ended in the red, as 292 issues declined against gains by a limited number of stocks, while 48 issues remained unchanged.

In the block market, shares of 27 companies worth Tk 20 crore were traded, with Fine Foods alone accounting for Tk 10 crore.

The turnover at the DSE also dropped, with shares and units worth Tk 413 crore changing hands during the session, down from Tk 457 crore in the previous trading day.

Union Insurance Company Limited topped the gainers’ list with its share price rising more than 9 percent, while AFC Agro Biotech Limited emerged as the top loser, shedding over 8 percent.

The Chittagong Stock Exchange (CSE) also witnessed a decline, with its overall CASPI index falling 76 points.

On the port city bourse, prices of most companies declined as 98 issues fell, while 47 advanced and 17 remained unchanged.

The turnover at the CSE dropped sharply to Tk 5 crore on Monday from Tk 12 crore on Sunday.

Queen South Textile Mills Limited topped the gainers’ chart at the CSE with a rise of more than 9 percent, while Maksons Spinning Mills Limited hit the bottom of the list after losing over 16 percent. - UNB