| Update:
February 15, 2022 5:51:39 p.m.

Stocks extended the losing streak for the second straight session on Tuesday as cautious investors continued to opt for profit booking on quick-gain issues.

The market opened on a positive note and the key index gained around 29 points in the first 50 minutes of trading. But, the remainder of the session fell steadily amid the profit-booking trend among investors.

The DSEX, the main index of the Dhaka Stock Exchange (DSE), fell 23.96 points or 0.34% to settle at 7,036. DSEX lost about 53 points in the last two consecutive sessions.

Turnover, the market’s most important indicator, came in at 12.31 billion taka, down 0.88 percent from the previous day’s tally of 12.42 billion taka.

Market pundits said risk-averse investors booked profits on stocks that posted a significant gain in recent trading days, dragging the market into red territory.

As the market index crossed the 7100 mark in early trading, some investors preferred to book profits, an investment banker said.

Trading activity was a bit sluggish as investors took a cautious stance ahead of late-December earnings statements, he said.

The DS30 index, composed of blue chips, also fell 7.87 points to end at 2,589. However, the DSE Shariah index recorded a fractional gain of 0.15 points to close at 1,520.

The losers took a strong lead over the winners, as out of 379 issues traded, 221 declined, 112 advanced and 46 issues remained unchanged on the DSE.

A total of 233,310 trades were executed during today’s trading session with a trading volume of 236.50 million shares.

DSE’s market capitalization fell to 5.645 trillion taka on Tuesday from 5.652 trillion taka in the previous session.

Fortune Shoes, which lost 0.07%, was the most traded stock with shares worth over Tk 2.53 billion, followed by Beximco (Tk 553), Rahima Food (Tk 354 million ), Bangladesh Shipping Corporation (326 million Tk) and Orion. Pharma (276 million taka).

Apex Foods was the day’s biggest gainer, posting a gain of 9.96%, while Bangladesh National Insurance was the worst loser, losing 5.01%.

The Chittagong Stock Exchange (CSE) also closed lower for the second day in a row, with the CSE All Share Price Index – CASPI – losing 102 points to 20,602 and the Selective Categories Index – CSCX – losing. 62 points to close at 12,370.

Of the issues traded, 182 declined, 83 advanced, and 35 issues remained unchanged on the CSE.

The port city stock exchange traded 9.91 million shares and mutual fund units with a turnover value of 310 million taka.

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