Stocks extend losses amid political uncertainty
Dhaka, June 11 (UNB) – Amid political uncertainty and unresolved court issues, stocks at both the bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – witnessed fall for the second consecutive session with a slight rise in turnover.
The DSE benchmark index, DGEN, closed at 4689.20 losing 36.52 points or 0.77 percent today against the loss of 43.66 points or 0.91 percent on Sunday.
“Downtrend continued as investors’ confidence level deteriorated over unresolved court issues and political instability,” IDLC Investments Limited said in its daily market analysis.
Of the issues traded at the DSE, 94 advanced, 138 declined and 25 remained unchanged.
The DSE turnover, however, saw a slight rise, but still very low compared to the expectation. The turnover stood at Tk 156 crore against Tk 136 crore recorded on Sunday.
The CSE key index, CSCX, closed at 8902.49 losing 53.70 points against the loss of 91.17 points on Sunday.
Of the issues traded at the CSE, 43 advanced, 104 declined and 18 remained unchanged.
The CSE turnover also saw a rise with Tk 32.56 crore against Tk 26.65 crore turnover recoded on Sunday.
On Sunday, the twin bourses witnessed a moderate fall, the first trading day after the announcement of the new national budge offering a number of incentives to strengthen the capital market.
The DSE benchmark index, DGEN, closed at 4689.20 losing 36.52 points or 0.77 percent today against the loss of 43.66 points or 0.91 percent on Sunday.
“Downtrend continued as investors’ confidence level deteriorated over unresolved court issues and political instability,” IDLC Investments Limited said in its daily market analysis.
Of the issues traded at the DSE, 94 advanced, 138 declined and 25 remained unchanged.
The DSE turnover, however, saw a slight rise, but still very low compared to the expectation. The turnover stood at Tk 156 crore against Tk 136 crore recorded on Sunday.
The CSE key index, CSCX, closed at 8902.49 losing 53.70 points against the loss of 91.17 points on Sunday.
Of the issues traded at the CSE, 43 advanced, 104 declined and 18 remained unchanged.
The CSE turnover also saw a rise with Tk 32.56 crore against Tk 26.65 crore turnover recoded on Sunday.
On Sunday, the twin bourses witnessed a moderate fall, the first trading day after the announcement of the new national budge offering a number of incentives to strengthen the capital market.
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