Stocks break six-day gaining streak

The stock market index dropped today after a rising for six continuous days thanks to the profit-booking trend among investors.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), slid 32 points, or 0.46 per cent, to 7,073.

Turnover of the DSE also slipped 7 per cent to 1,482 crore.

Union Insurance topped the gainers' list that rose 10 per cent followed by Fu-Wang Food, Asia Insurance, Apex Footwear, and Bangladesh Lamps.

Meghna Pet Industries shed mostly that lost 7.6 per cent followed by Padma Oil, Global Heavy Chemicals, Tamijuddin Textiles, and Bangladesh Shipping Corporation.

Beximco became the top traded stock with shares worth Tk 156 crore changing hands followed by Bangladesh Shipping Corporation, Power Grid, Asia Insurance, and Apex Footwear.

Among the traded stocks 102 advanced, 248 declined and 28 remained the same.

The Chittagong Stock Exchange (CSE) also dropped today. The Caspi, the main index of the bourse of the port city, plunged 115 points, or 0.55 per cent, to 20,702.

Among 304 traded stocks, 75 rose, 199 fell and 30 remained unchanged.