Stocks extended their losing streak for a second consecutive day on Tuesday, with the key index of the Dhaka Stock Exchange (DSE) falling by 46 points amid widespread sell-offs across sectors.

After a brief stable opening, the market turned negative within the first hour and remained downbeat throughout the session. 

At the end of the day, the DSEX dropped to 5,377 points from 5,423 in the previous session.

The Shariah-based DSES index shed 10 points, while the blue-chip DS30 index fell by 23 points.

Despite the overall decline, turnover at the DSE rose to Tk 787 crore, up from Tk 736 crore in the previous session.

Of the 401 issues traded, prices increased for 85, declined for 282, and remained unchanged for 34.

Prices fell across all categories — A, B and Z — with the A-category, which includes the market’s most fundamentally sound companies, seeing 138 losers against 67 gainers and 19 unchanged.

In the block market, shares worth Tk 15 crore were traded across 34 companies, led by Envoy Textiles Ltd, which accounted for Tk 3.9 crore in transactions.

First Security Islami Bank PLC topped the day’s gainers with a 10% rise, while Bangladesh Industrial Finance Company Ltd plunged over 8% to become the worst performer.

The downtrend was mirrored at the Chittagong Stock Exchange (CSE), where the overall index dropped by 107 points.

Out of the traded issues, 63 advanced, 136 declined, and 18 remained unchanged.

The turnover at the CSE fell slightly to Tk 12.20 crore, compared to Tk 12.54 crore in the previous session.

Pioneer Insurance Company Ltd gained 10% to top the gainers’ chart at the CSE, while Information Services Network Ltd lost over 9%, becoming the worst loser of the day.