Dhaka stocks extend losses as weak sentiment drags market down

Shares on the Dhaka Stock Exchange (DSE) declined in early trade today, extending their losses for the second consecutive session as persisting weak investor sentiment continues to drag the market down.

The DSEX, the main gauge of the premier bourse, decreased 43.04 points, or 0.82 percent, to 5,154.22 by 12:20pm, according to DSE data.

Sentiment was negative, with the Shariah-compliant DSES and the blue-chip DS30 indices edging lower.

Turnover, a key measure of investor participation, stood at Tk 227.17 crore at the time.

Market breadth was mostly negative, with 286 issues advancing against 60 declining, while 48 remained unchanged.