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Bangladesh’s bonds extend waste for second day

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Dhaka, Bangladesh (BBN)– Bangladesh’s bonds extended their losing strain for a second true sessions on Monday as risk-averse investors continued their offered binge on large-cap shares.

Analysts pronounced bonds fell as unsure investors opted for engagement distinction on bonds that saw pointy benefit in new cost upsurge.

The marketplace started on downward trend and a disastrous trend continued compartment finish of a session.

At a finish of a session, DSEX, a primary index of a Dhaka Stock Exchange (DSE), staid during 5,733, losing 29.82 points or 0.51 percent over a prior day.

Two other indices also sealed lower. The DS30 index, comprising blue chips, fell 21.65 points to finish during 2,002.
The DSES (Shariah) index also mislaid 8.65 points to settle during 1,311.

Turnover, another critical indicator of a market, stood during BDT 7.19 billion, that was 11 percent reduce than a prior day’s turnover of BDT 8.12 billion.

A sum series of 163,695 trades were executed in a day’s trade event with trade volume of 162.16 million shares and mutual account units.

The market-cap of a DSE fell to BDT 4,166 billion, from BDT 4,197 billion in a prior day.

The gainers took a medium lead over a losers, as out of 345 issues traded, 155 sealed higher, 151 finished reduce and 39 remained unvaried on a DSE trade floor.

United Power surfaced a day’s turnover draft for a sixth true day with 1.03 million shares value BDT 426 million changing hands, closely followed by Monno Ceramic, Doreen Power, Fortune Shoes and Provati Insurance.

The pier city bourse Chittagong Stock Exchange also sealed reduce with a CSE All Share Price Index – CASPI – losing 21 points to settle during 17,574 while a Selective Categories Index – CSCX –shedding 11 points to finish during 10,634.

Here too, a gainers kick a losers as 125 issues finished higher, 110 reduce and 28 remained unchanged.

The pier city bourse traded 7.83 million shares and mutual account units value some-more than BDT 215 million in turnover.

BBN/SSR/SR

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Article source: https://businessnews-bd.net/bangladeshs-stocks-extend-losses-for-second-day-3/

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