Fall in prices on large-cap drives stocks down

The Stock markets plunged further yesterday after showing a recovery trend on Monday mainly due to fall in prices on large-cap securities. All the indices at Dhaka and Chittagong stock exchanges closed in red at lower rates than the previous sessions, reports BSS.
The falling in prices affected major sectors like banks, financial institutions and insurance companies. A total of 164 large-cap securities moved down due to lower activities, market sources said.
The broader DSEX index of Dhaka Stock Exchange (DSE) closed yesterday by 24.60 points down to 5571.52. 
The Shariah DSES and blue-chip DS30 also followed the same trend by 4.46 points down to 1282.54 and by 9.84 points down to 2056.18.
The day’s trade value at DSE declined to Tk 705.71 from Monday’s Tk 760.82 and the daily trade fell to 20.70 crore shares from 21.07 crore shares of the previous session.
At DSE, out of the day’s 327 securities, price of 91 securities closed higher against 204 losing issues.
The major gaining issues were ICB EP Mutual Fund 1st 1, BD Com, Intech Online, Provati Insurance and Zaheen Spinning. The major losing issues were IFIC Bank, Lanka Bangla Finance, Asia Pacific Insurance, SEMLIBBLSF and MERCINS.
Lanka Bangla Finance topped the turnover list followed by BD Com, City Bank, SPCL and Regent Textile. The Chittagong Stock Exchange (CSE) also followed the same trend with its major CASPI index 79.82 points falling down to 17255.48.
At CSE, 240 issues were traded. Of those, 72 closed higher and 136 closed lower when 1.60 crore shares worth Tk 44.92 crore change hands.

 

Fall in prices on large-cap drives stocks down

The Stock markets plunged further yesterday after showing a recovery trend on Monday mainly due to fall in prices on large-cap securities. All the indices at Dhaka and Chittagong stock exchanges closed in red at lower rates than the previous sessions, reports BSS. The falling in prices affected major sectors like banks, financial institutions and insurance companies. A total of 164 large-cap securities moved down due to lower activities, market sources said. The broader DSEX index of Dhaka Stock Exchange (DSE) closed yesterday by 24.60 points down to 5571.52. The Shariah DSES and blue-chip DS30 also followed the same trend by 4.46 points down to 1282.54 and by 9.84 points down to 2056.18. The days trade value at DSE declined to Tk 705.71 from Mondays Tk 760.82 and the daily trade fell to 20.70 crore shares from 21.07 crore shares of the previous session. At DSE, out of the days 327 securities, price of 91 securities closed higher against 204 losing issues. The major gaining issues were ICB EP Mutual Fund 1st 1, BD Com, Intech Online, Provati Insurance and Zaheen Spinning. The major losing issues were IFIC Bank, Lanka Bangla Finance, Asia Pacific Insurance, SEMLIBBLSF and MERCINS. Lanka Bangla Finance topped the turnover list followed by BD Com, City Bank, SPCL and Regent Textile. The Chittagong Stock Exchange (CSE) also followed the same trend with its major CASPI index 79.82 points falling down to 17255.48. At CSE, 240 issues were traded. Of those, 72 closed higher and 136 closed lower when 1.60 crore shares worth Tk 44.92 crore change hands.