Stocks extended their downward trend for the third consecutive session at the Dhaka Stock Exchange (DSE) on Wednesday, with all major indices closing lower amid a decline in turnover and majority share prices.

On the fourth trading day of the week, the benchmark DSEX shed 51 points. The Shariah-based DSES dropped 11 points, while the blue-chip DS30 index lost 16 points.

Most listed companies ended in the red as 286 issues declined against 82 gainers, while 25 remained unchanged.

Stocks extend losing streak for second day as DSE slips, turnover eases

The turnover also fell, snapping a three-day streak of transactions exceeding Tk 1,200 crore. Total turnover at the DSE declined to Tk 935 crore on the day.

In the block market, shares worth Tk 13 crore from 40 companies were traded. GQ Ball Pen Industries Ltd topped the block trade list with shares worth Tk 2.5 crore changing hands.

Nearly 10 percent price appreciation placed Nahee Aluminium Composite Panel PLC at the top of the gainers’ chart, while Union Capital Limited plunged nearly 9 percent to become the day’s worst performer.

Meanwhile, the Chittagong Stock Exchange (CSE) also ended lower. Its benchmark CASPI index declined by 84 points.

At the CSE, 122 issues declined against 79 gainers, while 27 remained unchanged.

The turnover at the port city bourse, however, edged up slightly to around Tk 22 crore, compared to Tk 21 crore in the previous session.

Stocks edge up at DSE, CSE in early trading

Hami Industries PLC emerged as the top gainer at the CSE with nearly 10 percent price growth, while Union Capital Limited lost 10 percent to bottom the losers’ list.