Stocks extend losing streak as large-cap shares drag market

Bangladesh, Oct. 28 -- Stocks extended their losing streak on the Dhaka Stock Exchange (DSE) on Tuesday as selling pressure on large-cap shares dragged down the broader market amid subdued investor sentiment and concerns over corporate profitability.

The DSEX, the benchmark index of the DSE, shed 33.0 points to close at 5,400 points, down from 5,433 points in the previous trading session, according to BSS report.

The market opened on a weak note as selling pressure dominated from the outset. Despite a brief attempt to recover from the initial decline, the market remained under downward pressure throughout the session, with most traded securities closing in negative territory.

Market turnover also declined by 4.7 percent to Tk 410 crore f...