Stock market indices in Bangladesh continued their downward trend for the third consecutive day, largely due to the weak performance of large and blue-chip stocks due to lack of investor confidence.

Dhaka Stock Exchange’s (DSE) broad index DSEX fell 50.49 points or 0.95 percent from the previous day before closing the day at 5,265.

Similarly, the DSES index, which represents Sharia-based companies, decreased by 12.40 points, or 1.04 percent, to 1,175.

In the blue chip segment, the DS30 index fell 11.86 points or 0.60 percent to 1,953.

Shares of Islami Bank Bangladesh, Grameenphone, Renata, Kohinoor Chemicals, Beacon Pharmaceuticals, National Bank, Al-Arafah Islami Bank, Prime Bank, Orion Pharma and Best Holdings suffered losses.

Of these, only Islami Bank was responsible with 8.52 points.

However, Khan Brothers PP Woven Bag Industries, Bangladesh Transport Corporation, Pragati Life Insurance, Olympic Industries, Beach Hatchery, Premier Bank, Legacy Footwear Limited, BRAC Bank, LafargeHolcim Bangladesh PLC and Evince Textiles Limited recorded profits.

However, according to LankaBangla Financial Portal’s daily market update, no company experienced double-digit growth in share prices.

Khan Brothers PP Woven Bag Industries recorded growth of over 4 percent.

Of the bonds changing hands on the DSE trading floor, 63 showed a price increase, 292 closed with a decline and 39 showed no price fluctuation.

The turnover, which shows the total value of shares traded on the country’s leading stock exchange, stood at Tk 559 billion, an increase of 3.34 percent compared to the previous trading session.

The non-bank financial institutions (NBFIs) sector dominated the turnover table, accounting for 17.98 percent of the total turnover.

Block trades, which are high-volume transactions in securities that are privately negotiated and executed outside the open market, contributed 21.2 percent of overall market turnover.

Bangladesh Transport Corporation was the most traded stock with a turnover of Tk 21.7 billion.

Sector-wise, miscellaneous and tannery were the two sectors that closed in positive territory, according to UCB Stock Brokerage’s daily market.

However, the top three sectors that closed today negatively were jute, NBFI and engineering.

BRAC EPL Stock Exchange said in its daily market update that all sectors with high market capitalization showed negative performance.

The BDFAK sector experienced the highest loss with 3.31 percent, followed by engineering with 2.57 percent, pharmaceuticals with 1.23 percent, telecommunications with 1.16 percent, banking with 1.04 percent, fuel and energy and energy with 0.58 percent. Food and allies followed with 0.57.

At the Chittagong Stock Exchange (CSE), the CSE All Shares Price Index (CASPI) also witnessed a similar downward trend, with the port city bourse’s key index falling 55.55 points or 0.37 per cent to 14,796.