Stocks extend losing streak

BSS
Published On: 17 Apr 2025, 19:32

DHAKA, April 17, 2025 (BSS) - Stocks today 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, declined by 8.4 points to settle at 5,097 points, as against 5,106 points in the previous trading session. 

Market analysts observed that the market continued to remain sell-dominant as cautious investors held onto their watchful stance amid prevailing uncertainties. 

However, the ailing market indices found some cushion, with gains in selective Bank stocks partially offsetting the broader market decline, they added.

Meanwhile, market turnover also fell by 14.4% to Taka 3.4 billion as against Taka 4.0 billion in the previous session. 

On the sectoral front, Bank (17.7%) issues exerted the highest turnover, followed by Food (14.1%) and Pharma (9.5%) sectors. Sectors mostly displayed dismal returns, out of which Cement (-1.8%), Jute (-1.5%) and Ceramic (-1.5%) exerted the most corrections on the bourse today, while Bank (0.7%), Mutual Fund (0.2%) and Food (0.2%) exhibited marginal returns. 

Out of the 397 issues traded, 123 advanced, 190 declined and 84 remained unchanged.

The port city bourse, CSE, also settled on red terrain. The Selective Categories' Index (CSCX) and All Share Price Index (CASPI) fell by 42.3 and 63.6 points, respectively.

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