Downtrend continues with declined turnover

Stocks are in a continuous downtrend. Major indices at both the stock exchanges lost points for the second consecutive trading day amid a decrease in turnover. 

As the opening bell rang on Monday, the market headed downward which continued until the middle of the trading session. The second half of the session went flat and all the indices closed in the red zone. 

The Dhaka Stock Exchange's (DSE) broad-based index (DSEX) finally lost 0.46 percent to close at 4894.31 points. Blue chip index DS30 closed below 1740 points, a similar fall in percentage scale. 

The Chittagong Stock Exchange's (CSE) broad-based index CSCX lost 0.56 percent and closed at 9036 points. Blue chip index CSE30 ended with a 0.17 percent fall. 

Amid investors' cautious trading, turnover at both the bourses was down from the previous day. 

At the DSE, securities worth Tk302 crore had been traded, going 1.7 percent down. While the trading at the CSE came down to Tk11.8 crore which was Tk12.37 crore on Sunday. 

Against 74 gainers, 251 scrips lost price while the price of 29 remains unchanged at the DSE. Scrips at the CSE also had a similar gainer to loser ratio. 

Except for pharmaceuticals, all of the large-cap sectors showed negative movement. 

Among the large-cap sectors, pharmaceuticals gained market capital by 0.29 percent. 

Ceramic, mutual fund, electric appliance, pharmaceuticals and chemicals had the highest gain today.

Textile, on the other hand, showed the highest negative movement with 1.45 percent loss of market capital.