Stocks stumble as major sectors dip

Stocks finished on Wednesday lower after previous two consecutive days upward trend as major sectors closing the session with falling trend at both bourses – Dhaka Stock Exchange and Chittagong Stock Exchange.

Among the falling major sectors were pharmaceutical and chemical, engineering, and food and allied when 148 securities of the large-cap group incurred loss due to lower activities.

The broader index DSEX of DSE ended the session of the week 19.81 points down at 4671.26 points. The Shariah (DSES) and the blue-chip (DS30) also followed it by losing 5.39 points to finish the day at 1120.85 points and 7.30 points down at 1756.48 points.

CSE also closed the session down, with its major CASPI index ending the day more than 41.44 points down at 14,372.62.

The lower activates in DSE declined the trade value to Tk 5.549 billion (Tk 554.95 crore) for 13.42 crore shares which was lower than the previous session of the week when the transaction value was Tk 6.437 billion (Tk 643.70 crore) for 15.69 crore shares, according to a news agency.