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Stocks fall for third consecutive day

Profit taking tendency among stock investors continued for the last three consecutive days led by big paid-up capital based companies as the stockmarket fell today also.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), declined 65 points, or 0.89 per cent, to 7,248.

While, DS-30, the blue-chip index, fell 32 points, or 1.17 per cent, to 2,717.

At the DSE, 106 stocks rose, 241 declined and 29 remained unchanged.

However, turnover at the Dhaka bourse advanced 4 per cent to Tk 1,952 crore, up from Tk 1,863 crore a day earlier.

The stocks of Fortune Shoes traded mostly that worth Tk 182 crore followed by LafargeHolcim Bangladesh, IFIC Bank, Orion Pharmaceuticals, and Beximco Ltd.

Eastern Insurance topped the gainers’ list that rose 9.98 per cent followed by NRB Commercial Bank, Janata Insurance, Reliance Insurance, and Global Insurance.

Far East Knitting shed mostly in the market that fell 7.39 per cent followed by Tung Hai Knitting, Ind0-Bangla Pharmaceuticals, LafargeHolcim Bangladesh, and Desh Garments.

The Chattogram Stock Exchange (CSE) also fell. The CASPI, the general index of the port city bourse, dropped 176 points, or 0.82 per cent, to 21,183.

Among 315 traded stocks, 89 advanced, 203 fell and 23 remained unchanged.
(TDS)

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