Stocks snap two-day gain

All indexes of the Dhaka Stock Exchange (DSE) fell today snapping the gains in the last two trading days.

The DSEX, the benchmark index of the premier bourse in Bangladesh, lost 34 points, or 0.55 per cent, to close at 6,197.

The DS30, the blue-chip index, dropped 0.49 per cent to 2,191 while the DSES, the shariah-compliant index, edged down 0.68 per cent to 1,354.

Turnover, an important indicator of the market, advanced 22 per cent to Tk 426 crore.

Of the securities, only 10 advanced, 73 declined, and 210 did not show any price movement.

Jute Spinners topped the gainers' list with a 7.48 per cent increase.

Monno Agro & General Machinery, Paper Processing & Packaging, Kay & Que (Bangladesh), and Sonali Paper & Board Mills were also on the list.

Bashundhara Paper Mills took the top spot among the heavy losers by shedding more than 10 per cent. Genex Infosys, Summit Alliance Port, Eastern Housing, and BDCOM Online suffered significant losses as well.

Genex Infosys was the most-traded stock on the day with its shares worth Tk 43 crore transacted. Bashundhara Paper Mills, Chartered Life Insurance Company, Aamra Networks, and Orion Pharma also saw significant turnover.

The Chittagong Stock Exchange also fell.

The Caspi, the all-share price index of the bourse in the port city, lost 72 points, or 0.39 per cent, to close at 18,329.

Of the issues, 12 rose, 45 retreated and 57 did not see any price movement.

Turnover plummeted more than 58 per cent to Tk 7 crore.