Stocks fall for second day

Stocks in Bangladesh fell for the second consecutive day today as investors continued to sell their shares amid growing worries over the looming economic recession.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), lost 15 points, or 0.24 per cent, at 6,4780 points at the end of the day.

Turnover at the Dhaka Stock Exchange (DSE) dropped 4 per cent to TK 1,343 crore which was Tk 1,410 crore on the previous trading day.

The DS30, the index that consists of blue-chip companies, edged down 0.40 per cent to 2,298, while the DSES, the Shariah-complaint index, plummeted 0.10 per cent to 1,418.

At the DSE, 83 stocks advanced, 127 declined and 161 remained unchanged.

Rangpur Foundry topped the gainers' list with a 10 per cent growth. Eastern Housing, ADN Telecom, Sunlife Insurance, and aamra Technologies also rose over 9 per cent.

Indo-Bangla Pharmaceuticals suffered the highest correction, sliding almost 9 per cent. Asia Pacific Insurance, Bangladesh Weilding, BDCOM Online and Bangladesh Building Systems also declined more than 5 per cent.

The CASPI, the all-share price index of the Chittagong Stock Exchange, decreased 51 points, or 0.26 per cent to end at 19,059.

Of the issues that traded on the port city bourse, 70 advanced, 81 declined, and 81 did not show any price movement.