Stocks maintain falling trend as major sectors dip
Published : 16 May 2018, 16:09:14
Stocks continued to witness a downward trend on Wednesday as major indices on the two bourses-Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-were in red zone due to lower activities of large-cap securities.
The falling major sectors were insurance, food and allied and bank. A total of 185 securities of the large-cap group moved down due to lower activities.
DSEX, the prime index of the DSE, lost 37.13 points to settle at 5,511.76 over the previous session. The DS30 index, comprising blue chips, settled at 2,055.56, losing 16.57 points and the DSE Shariah Index (DSES) lost 9.67 points to close at 1,291.03.
The daily trade volume also declined to 9.68 crore shares from the Tuesday's 9.73 crore shares. But, turnover, a crucial indicator of the market, rose to Taka 394.86 crore from the previous session's Taka 355.29 crore.
Out of 339 issues traded, 71 closed higher, 223 closed lower and 45 issues remained unchanged on the DSE trading floor.
Top five gainers on the day were Monno Stafflers, BSRM Limited, EBL, Queen South and Style Craft while top five losers are Eastland Insurance, Janata Insurance, RD Food, Brac Bank and Continental Insurance.
In the port city CSE also closed downward with the CSE All Share Price Index (CASPI) shed 109.93 points to settle at 17,017.84.
The losers beat the gainers as 50 issues closed higher, 157 issues closed lower and 25 remained unchanged.
CSE traded 84.79 lakh shares and mutual fund units worth more than Taka 23.06 crore in turnover.-BSS