Stocks continue decline at DSE

Stocks at Dhaka Stock Exchange continued to decline in the last two days, pushing the index towhat it was before the national election.

The benchmark index of the Dhaka Stock Exchange (DSE) declined to 5,372.23 points today,what was 5,385.64 on the election day.

Insiders said, the market witnessed a good rally after all the election in previous years. But, this year, the market did not rally as expected.

The DSEX, the benchmark index of the premier bourse, declined 61.66 points finishing the day at 5,372.23.

Turnoverincreased26.50 percent to Tk 418 crore, with 8.04 crore shares and mutual fund units changing hands on the Dhaka bourse.

Of the traded issues, 45 advanced, 273declined and 28 securities closed unchanged on the premier bourse.

British American Tobacco Bangladesh dominated the turnover chart with 3.38 lakh shares worth Tk 57.59 crore changing hands, followed by Grameenphone, United Power Generation, Fortune Shoes and Eastern Cables.

SavarRafractories was the day’s best performer with 9.62 percent gains, while Dutch-Bangla Bank was the worst loser, shedding by 56.78 percent. The banks’ stock dividend was adjusted so it was allowed to decline such a higher rate.

Chittagong stocks closed low with the bourse’s benchmark index, CSCX, declining 112.32 points or 1.11 percent to finish the day at 9,978.78.

Losers beat gainers as 180 declined, 42 advanced and 19 finished unchanged on the Chittagong Stock Exchange.

The port city bourse traded 53.28 lakh shares and mutual fund units worth Tk 15.24 crore.