Stocks snap gaining streak
Stocks listed with the Dhaka Stock Exchange (DSE) yesterday broke a gaining streak that lasted for two consecutive sessions as falling investor participation led to reduced trade.
The DSEX, the benchmark index of the Dhaka bourse, shed 50.75 points, or 0.81 per cent, to close the session at 6,215.24 points.
Similarly, the DS30, which is comprised of blue-chip companies, dropped 19.5 points, or 0.89 per cent from the previous day.
Meanwhile, turnover at the DSE, an indicator of the market's liquidity, slipped by 23 per cent from a day earlier to hit Tk 422.8 crore.
"Stocks slipped into the red after a two-day break as investors mostly followed a cautious stance amid a lack of clear direction of future market movement," said International Leasing Securities in its daily market review.
Besides, panic-driven investors dumped their holdings amid growing tension over macroeconomic cues, it added.
Of the issues traded at the DSE, only 20 advanced while 38 fell and 220 were unchanged.
Likewise, stocks listed with the Chittagong Stock Exchange also saw losses on the day.
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