Stocks keep falling

Stocks continued to fall for the fourth consecutive day today while turnover rose as some of the investors were active in the block market.

The DSEX, the benchmark index of the Dhaka Stock Exchange, lost 6 points, or 0.10 per cent, to 6,238.

The DS30, the blue-chip index, dropped 0.10 per cent to 2,201 while the DSES, the index that represents shariah-based companies, fell 0.15 per cent to 1,366.

As the block markets allow the trade of stocks at 10 per cent lower than the main market, some investors tried to buy the stocks from the block market.

The block market is a platform of exchange where a large number of stocks are traded in a single transaction at a negotiated price without affecting the index.

Turnover, an important indicator of the market, rose 34 per cent to Tk 456 crore which was Tk 340 crore on the previous day.

Among the traded companies, 30 advanced, 54 declined and 241 remained the same.

Monno Ceramic Industries posted the highest appreciation, rising 9.97 per cent. Bangladesh Autocars surged 9.91 per cent while Islami Commercial Insurance, Aziz Pipes, and Northern Insurance rose more than 7 per cent.

Advent Pharmaceuticals suffered the sharpest fall, sliding 4 per cent. Kohinoor Chemicals, Aamra Technologies, and Fine Foods eroded 4.33 per cent, 3.55 per cent and 3.11 per cent respectively.

Monno Ceramic Industries was the most-traded stock on the day with its shares worth Tk 36 crore transacted. Intraco Refueling Station, Orion Infusion, Genex Infosys, and Monno Agro & General Machinery also saw significant transactions.

The Caspi, the all-share price index of the CSE, lost 41 points, or 0.22 per cent, to end the day at 18,404.

Of the securities, 14 advanced, 49 declined, and 81 did not show any price movement.