Stocks on Wednesday extended its losing streak as the risk-averse investors preferred to book profit on quick-gaining shares.
DSEX, the broad index of the Dhaka Stock Exchange (DSE), shed 17.2 points to settle at 4,936 points, as against 4,953 points in the previous trading session.
Market analysts observed that market volatility persisted throughout the session as sellers maintained their dominance amid uncertainties over the market outlook, while favorable earnings disclosures from particular companies enticed some investors to shift their positions to those stocks for a potential quick return.
However, trading activities remained stagnant with total turnover in DSE being at a 4-month low of Taka 2.9 billion.
On the sectoral front, Bank (17.3%) issues exerted the highest turnover, followed by Food (13.9%) and Fuel & Power (10.7%) sectors.
Sectors mostly displayed dismal returns, out of which Financial Institution (-2.1%), Fuel & Power (-1.8%) and Jute (-1.8%) exerted the most corrections on the bourse today, while Services (1.4%), IT (0.5%) and Cement (0.3%) exhibited slight positive returns.
The port city bourse, CSE, however, settled on red terrain. The Selective Categories' Index (CSCX) and All Share Price Index (CASPI) fell by 21.8 and 30.7 points, respectively. �"BSS
