Stocks rise for third day

The Dhaka stocks continued rising for the third consecutive day although most of the stocks either dropped or remain unchanged today.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 5 points, or 0.08 per cent, to 6,215.

The DS30, the blue-chip index, advanced 0.01 per cent to 2,199 while the DSES, the index that represents shariah-based companies, fell 0.01 per cent to 1,357.

Turnover, an important indicator of the market, fell 4 per cent to Tk 507 crore, which was Tk 532 crore a day earlier.

Among the traded companies, 52 advanced, 111 declined and 171 remained unchanged.

JMI Hospital Requisite Manufacturing posted the highest appreciation, rising 9.63 per cent while Sunlife Insurance surged 6.5 per cent, Malek Spinning advanced 5.9 per cent and Bengal Windsor Thermoplastics and Meghna Life Insurance gained more than 5 per cent each.

Orion Infusion suffered the sharpest fall, sliding 8.5 per cent while BD Thai Food & Beverage dropped 6.13 per cent.

Bangladesh Monospool Paper Manufacturing and Intraco CNG Refueling Station also fell more than 2 per cent each.

Bangladesh Shipping Corporation was the most-traded stock with shares worth Tk 39 crore changing hands.

Bashundhara Paper Mills, JMI Hospital Requisite Manufacturing and Genex Infosys also saw significant transactions.

The Caspi, the all-share price index of the Chittagong Stock Exchange, however, rose 25 points, or 0.13 per cent, to end the day at 18,353.

Of the securities, 37 advanced, 44 declined, and 68 did not show any price movement.

The port city bourse's turnover dropped 60 per cent to Tk 5.26 crore from the previous day's Tk 13.33 crore.