Dhaka, Chattogram stocks slide for fifth day as turnover shrinks
Staff Correspondent
Dhaka stocks extended their losing streak for the fifth consecutive session on Monday, as key indices, share prices of most companies and turnover fell on the Dhaka Stock Exchange (DSE).
Following Sunday’s slump, the DSEX, the benchmark index of the DSE, shed 6 points at the end of the day’s trading.
Of the two other indices, the Shariah-based DSES ended in the red, while the blue-chip DS30 index remained flat.
Out of 405 issues traded, 121 advanced, 201 declined and 83 remained unchanged.
Prices fell across all categories — A, B, and Z — with the A-category, which includes companies offering the highest dividends, seeing 66 gainers, 126 losers, and 34 unchanged among 226 traded firms.
In the block market, shares of 29 companies worth Tk 12 crore changed hands, with Fine Foods Ltd accounting for the highest transaction value of Tk 2.92 crore.
The turnover on the DSE dropped to Tk 610 crore, from Tk 760 crore in the previous session.
Sea Pearl Beach Resort topped the gainers’ list, rising over 8%, while Fareast Finance and Investment slid more than 8% to end as the day’s worst loser.
CSE Also Sees Downturn
Chattogram stocks mirrored the DSE’s performance, with the CSE’s overall index losing 10 points.
Among the 203 issues traded, 73 advanced, 103 declined and 27 remained unchanged. Turnover on the CSE nearly halved to Tk 12 crore, from Tk 25 crore in the previous session.
In terms of price movement, Aramit Ltd surged 10% to top the gainers, while Meghna Cement Mills dropped 10% to finish at the bottom of the losers’ list.
