Stocks fall slightly

Stocks in Bangladesh inched down yesterday as most investors were cautious over macroeconomic concerns. 

The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), lost 0.7 points, or 0.01 per cent, to reach 6,191 points.

However, the DS30, the blue-chip index, fell 0.01 per cent to 2,191 points while the DSES, the Shariah-compliant index, rose 0.02 per cent to 1,352 points.

Turnover, an important indicator of the market, rose 17.6 per cent from that on the previous session to stand at Tk 334 crore.

Of the securities, 32 advanced, 131 declined and 168 did not show any price movement.

Gemini Sea Food topped the gainers' list with a 5.59 per cent increase. eGeneration, Bashundhara Paper Mills, Eastern Housing and BDCOM Online were also on the list.

Pragati Life Insurance suffered the most shedding 4.8 per cent. Popular Life Insurance Company, Fareast Islami Life Insurance Company and Premier Bank also suffered significant losses as well.

Turnover rose 17.6 per cent from that on the previous session to stand at Tk 334 crore

Bashundhara Paper Mills was the stock to be traded the most, with shares worth Tk 30 crore changing hands. Genex Infosys, Intraco Refueling Station, Bangladesh Shipping Corporation and Navana Pharmaceuticals also saw significant turnovers.

Meanwhile, stocks on Chittagong Stock Exchange also fell slightly.

The Caspi, the all-share price index of the bourse in the port city, dropped 4.4 points, or 0.02 per cent, to close at 18,301 points.

Of the issues, 27 rose, 45 declined and 76 did not see any price movement.

Turnover plummeted by more than 6.39 per cent from that on the day before to Tk 7.8 crore.