Stocks decline for 3rd consecutive day

Stock market experienced fall for the third consecutive day yesterday amid lackluster trade, reports BSS.
The broader index of Dhaka Stock Exchange (DSE) fell by 5.89 points to 4363.11 when the blue-chip DS30 and the Shariah DSES were 2.79 points down at 1710.21 and 0.62 points down at 1075.16 respectively.
Chittagong Stock Exchange (CSE) also closed the third day of the week downward, with its major CSCX index closing about 11.09 points down at 8166.68.
The daily turnover in volume at DSE was, however, nearly 36 per cent up at 11 crore shares, with the daily trade value rose marginally to Tk 328.42 crore.
Among the traded 318 issues at DSE, 138 closed lower against 123 gaining issues. At CSE, 100 issues lost when 104 finished the day higher.
The major losing sectors were insurance and textile when food and allied sector advanced marginally.
Analysts attributed the downward trend to the investors' cautious stand - "Investors might have become reluctant to inject any fresh fund to the market during this shortened trading session before Eid holiday," said Lanka Bangla Securities Limited.
Like previous sessions, all the major sectors including bank, fuel and pharmaceuticals, and food and allied closed lower when cement managed to finish marginally higher.
The top five gaining companies were National Feeds, Apex Spine, DSSL, Salvo Chemical Industry and Regent Textile. The major losers included BD Thai, Information Services Network Limited, Dulamia Cotton, Provati Insurance and Continental Insurance.
National Feed topped the turnover leaders followed by ACME Lab, OAL, BBS and BD Thai.

Stocks decline for 3rd consecutive day

Stock market experienced fall for the third consecutive day yesterday amid lackluster trade, reports BSS. The broader index of Dhaka Stock Exchange (DSE) fell by 5.89 points to 4363.11 when the blue-chip DS30 and the Shariah DSES were 2.79 points down at 1710.21 and 0.62 points down at 1075.16 respectively. Chittagong Stock Exchange (CSE) also closed the third day of the week downward, with its major CSCX index closing about 11.09 points down at 8166.68. The daily turnover in volume at DSE was, however, nearly 36 per cent up at 11 crore shares, with the daily trade value rose marginally to Tk 328.42 crore. Among the traded 318 issues at DSE, 138 closed lower against 123 gaining issues. At CSE, 100 issues lost when 104 finished the day higher. The major losing sectors were insurance and textile when food and allied sector advanced marginally. Analysts attributed the downward trend to the investors cautious stand - Investors might have become reluctant to inject any fresh fund to the market during this shortened trading session before Eid holiday, said Lanka Bangla Securities Limited. Like previous sessions, all the major sectors including bank, fuel and pharmaceuticals, and food and allied closed lower when cement managed to finish marginally higher. The top five gaining companies were National Feeds, Apex Spine, DSSL, Salvo Chemical Industry and Regent Textile. The major losers included BD Thai, Information Services Network Limited, Dulamia Cotton, Provati Insurance and Continental Insurance. National Feed topped the turnover leaders followed by ACME Lab, OAL, BBS and BD Thai.