Price fall in large-cap drives

Stock markets plunged further yesterday due mainly to price fall in large-cap securities. All the indices at Dhaka and Chittagong stock exchanges closed in red despite higher transactions, reports BSS.

The falling major sectors were textile, bank and engineering. A total of 198 securities of the large-cap group moved down due to lower activities.

The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 60.04 points down at 6,057.86. The Shariah DSES and the blue-chip DS30 also followed the same trend with 7.94 points down at 1,376.39 and with 17.64 points down at 2,224.87.

The day’s trade value at DSE increased to Tk 406.14 crore from Sunday’s Tk 328.08 crore and the daily trade rose to 9.88 crore shares from 9.77 crore shares of the previous session.

At DSE, out of the day’s 336 securities, prices of 40 securities closed higher against 256 losing issues.

The major gaining issues were Popular Life Insurance, Marico, Bata Shoes, Renata and Reliance Insurance. The major losing companies were Jute Spinners, AIL, Mercantile Bank, BD Auto Cars and Desh Bandhu Polymer.

GP topped the turnover list followed by Square Pharma, Ifad Autos, Mercantile Bank and National Tubes.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 164.41 points down at 18,727.33.

At CSE, 232 issues were traded. Of those, 33 closed higher and 171 closed lower when 65.43 lakh shares worth Tk 17.72 crore changed hands.

 

Price fall in large-cap drives

Stock markets plunged further yesterday due mainly to price fall in large-cap securities. All the indices at Dhaka and Chittagong stock exchanges closed in red despite higher transactions, reports BSS. The falling major sectors were textile, bank and engineering. A total of 198 securities of the large-cap group moved down due to lower activities. The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 60.04 points down at 6,057.86. The Shariah DSES and the blue-chip DS30 also followed the same trend with 7.94 points down at 1,376.39 and with 17.64 points down at 2,224.87. The days trade value at DSE increased to Tk 406.14 crore from Sundays Tk 328.08 crore and the daily trade rose to 9.88 crore shares from 9.77 crore shares of the previous session. At DSE, out of the days 336 securities, prices of 40 securities closed higher against 256 losing issues. The major gaining issues were Popular Life Insurance, Marico, Bata Shoes, Renata and Reliance Insurance. The major losing companies were Jute Spinners, AIL, Mercantile Bank, BD Auto Cars and Desh Bandhu Polymer. GP topped the turnover list followed by Square Pharma, Ifad Autos, Mercantile Bank and National Tubes. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 164.41 points down at 18,727.33. At CSE, 232 issues were traded. Of those, 33 closed higher and 171 closed lower when 65.43 lakh shares worth Tk 17.72 crore changed hands.