Stocks extend loss to open week as major sectors dip

Stocks extend loss to open week as major sectors dip
Published : 13 May 2018, 18:05:41
Stocks extend loss to open week as major sectors dip
bbarta desk
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Stocks continued to witness a downward trend as major indices on the two bourses - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) - were in red zone on Sunday, the first day of the week. 
 
Among the falling major sectors were banks, financial institutions and insurance. A total of 170 securities of the large-cap group incurred loss due to lower activities. 
 
DSEX, the prime index of the DSE, lost 28.55 points to settle at 5,558.67 over the previous session. The Shariah DSES also followed the same trend with 5.35 points down at 1,301.53. But, the blue-chip DS30 closed the day with 1.83 points up at 2,075.37.
 
Turnover, an important indicator of the market, fell to Taka 378.79 crore from Thursday's Taka 562.47 crore on the DSE. The daily trade volume also declined to 10.82 crore shares from previous session's 14.88 crore shares. 
 
At the DSE, prices of 75 securities out of the day's 338 closed higher against 219 losing issues while 44 remained unchanged.
 
The top five gainers at DSE were Standard Insurance, Peninsula, ITC, Sonali Ansh and Central Insurance. The top five losers were MTB, One Bank, IFIC, Midas Finance and Republic Insurance. 
 
WMSHIPYARD topped the turnover list followed by UPGDCL, Beximco, BSRM and Queen South.
 
The port city bourse - CSE - also saw downward trend and CSE All Share Price Index- CASPI-lost 65.27 points to stand at 17,195.80.
 
Out of the 231 issues traded, 51 gained, 154 declined and 26 issues remained unchanged. 
 
A total of 65.68 lakh shares and mutual fund issues changed hands for Taka 17.17 crore.-BSS
 
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