Price fall in large-cap drives stocks further down
Published : 15 May 2018, 17:25:08
Stock markets closed on Tuesday of the week with downward trend due mainly to price fall in large-cap securities despite higher transactions.
The falling major sectors were food and allied, bank, IT and insurance. A total of 123 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 8.68 points down at 5,548.89. The Shariah DSES and the blue-chip DS30 also followed the same trend with 0.23 points down at 1,300.70 and with 3.73 points down at 2,072.13.
The daily trade rose to 9.73 crore shares from Monday's 9.32 crore shares and the day's trade value at DSE increased to Taka 355.29 crore from Taka 330.82 crore of the previous session.
At DSE, out of the day's 334 securities, prices of 123 securities closed higher against 152 losing issues. The major gaining issues were Queen South, Legacy Foot, Monno Stafflers, Rupali Life and Ambee Pharma. The major losing companies were Shyampur Sugar, One Bank, MTB, ITC and Prime Insurance.
WMSHIPYARD topped the turnover list followed by Beximco, UPGDCL, Legacy Foot and Queen South.
The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 14.37 points down at 17,127.76.
At CSE, 232 issues were traded. Of those, 81 closed higher and 118 closed lower when 29.81 crore shares worth Taka 66.95 lakh changed hands.-BSS