Stocks continue falling

The stock market continued falling for the last three consecutive days as cautious investors started taking profits when the benchmark index reached its historical highest level.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), fell 27 points, or 0.40 per cent, to 6,823.

On the same day, DS-30, the blue-chip stock index, dropped 9 points to 2,443.

Turnover, an important indicator of the market, nosedived 17 per cent to Tk 1,846 crore.

At the DSE, 131 stocks advanced, 215 fell and 29 remained unchanged.

Some investors started taking profits causing the index to fall, which is a good tendency for a sustainable market, according to market analysts.

Aziz Pipes topped the gainers' list that rose 9.85 per cent followed by Monno Fabrics, Rahima Food Corporation, Deshbandhu Polymer, and Northern Insurance.

South Bangla Agriculture & Commerce Bank shed mostly that lost 8.94 per cent followed by Meghna Condensed Milk, C&A Textiles, Imam Button and Islamic Finance & Investments.

Stocks of Beximco Ltd was traded highest that worth Tk 106 crore followed by LafargeHolcim Bangladesh, SAIF Powertec, Paramount Textiles, and Shahjibazar Power.

The Chittagong Stock Exchange also declined today. The CASPI, the general index of the port city bourse, edged down 86 points, or 0.43 per cent, to 19,844.

Among the traded 317 stocks, 101 rose, 186 fell and 30 remained unchanged.