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Stocks down for 2nd day

Star Business Report
Dhaka stocks fell for second day. as investors rushed for Navana CNG shares yesterday.
Market operators see the persistent betting on Navana CNG for the last couple of days as a tendency for a healthy investment returns.
The CNG conversion and re-fuelling company made its debut last week.
A total of 53.09,100 Navana shares worth Tk 114.47 crore were traded on the premier bourse.
Each Navana share reached as high as Tk 219.90 before closing at Tk 214.40.
The huge trade also made the Navana Group s subsidiary company a turnover leader, followed by Beximco, Aftab Automobiles. Bextcx
and Summit Alliance Port.
The benchmark index of Dhaka Stock Exchange, DSE General Index, fell by 24.65 points, or O.fl3 percent to 2,936.31. The broader All Shares Price Index declined by 22.04 points, or 0.88 percent to 2,468.3.
“The market Is still recover ing from the aftermath of the Navana CNG direct listing last week," Equity Partners Limited, an investment firm, said in its daily market analysis.
It said the low turnover also indicated low investor confidence.
The turnover came down by 14.7 percent to Tk 497.10 crore on a transaction of 2,77,21,153 shares.
As almost all sectors declined, losers beat gainers 183 to 51. Six securities
remained unchanged.
Hah Im Textile, Apex Spinning, Monno Ceramics, Kohinoor Chemicals and Standard Ceramic were the top gainers.
The top losers were Northern Jute, CMC Kamal, Samorita Hospital, Dandy Dyeing and Purabi General Insurance.
Chittagong stocks also marked a fall. The CSE Selective Categories Index dropped 101.98 points, or 1.53 percent to 6,539. The CSE All Share Price Index fell 66.07 points, or 0.63 percent to 10,326.89.
A total of 39,09,371 shares worth Tk 46.28 crore changed hands on the Chittagong Stock Exchange. Of the traded issues, 44 advanced, 112 declined and six remained unchanged.