Stocks snap three-day gains

The Dhaka and Chattogram stock exchanges snapped a three-day advance yesterday after investors booked profits.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), lost 10 points, or 0.17 per cent, to close at 6,260.

The DSES, the index that represents shariah-based companies, declined 0.16 per cent to 1,372, while the DS30, the blue-chip index, fell 0.16 per cent to 2,208.

The stocks on the DSE slipped into red following a three-day gain as cautious investors booked profits on sector-specific stocks, said International Leasing Securities Ltd in its daily market analysis.

Turnover was down 30.2 per cent to Tk 430 crore.

The losers were strong as out of a total of 341 issues traded, 68 declined, 27 advanced, and 246 remained unchanged.

Among the sectors, jute rose 6.2 per cent and ceramic and travel were up 0.2 per cent, whereas the IT sector fell 1.9 per cent and the service and the paper sector slipped 0.9 per cent.

Kohinoor Chemicals Company topped the gainers' list, advancing 8.74 per cent, while Orion Infusion suffered the sharpest fall, losing 7.46 per cent.

Intraco Refueling Station was the most-traded stock on the DSE with its issues worth Tk 34 crore changing hands.

The Caspi, the all-share index of the Chattogram Stock Exchange, lost 16 points, or 0.09 per cent, to end the day at 18,451.

Of the 140 securities that traded on the bourse in the port city, 20 advanced, 43 declined, and 77 showed no price movement.

Turnover plummeted more than 66 per cent to Tk 14.86 crore. It was Tk 43.88 crore on Tuesday, the highest since October 17, CSE data showed.