Stocks keep bleeding

Stocks in Bangladesh fell for the third consecutive day today amid lower participation of investors in the market.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), slid 65 points, or 1.01 per cent, at 6,413 at the end of the day.

Turnover at the DSE dropped 3 per cent to TK 1,297 crore which was Tk 1,343 crore on the previous day.

The DS30, the index that consists of blue-chip companies, went down 0.93 per cent to 2,277, while the DSES, the Shariah-complaint index, plummeted 0.80 per cent to 1,406.

At the DSE, 26 stocks advanced, 153 declined and 182 did not show any price movement.

Bangladesh Monospool Paper Manufacturing topped the gainers' with an 8.64 per cent rise. Fine Foods, Rahima Food Corporation, Eastern Cables, and Eastern Lubricants also advanced over 5 per cent.

Apex Foods suffered the highest correction, sliding almost 13 per cent. Far East Knitting, BDCOM Online, Navana CNG, and Apex Spinning declined more than 9 per cent.

The CASPI, the all-share price index of the Chattogram Stock Exchange, decreased 164 points, or 0.86 per cent to end at 18,895.

Of the issues on the port city bourse, 34 advanced, 104 declined, and 80 remained unchanged.